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Telecommunications industry in Asia Pacific - statistics & facts

In a fast-paced, technologically ambitious climate, the telecommunications industry can be seen as standing in the foreground as one of the vital industries of the 21st century. Telecommunication represents communication which is conducted over a distance via telephone or broadcasting. Consisting of telecommunications or telephone companies, as well as internet service providers, the industry is set to amass over one billion U.S. dollars in market value in the Asia Pacific region alone by 2021. In today's evolving, and digitalized world, text messaging, emailing and video streaming appear to be generating more revenue. However, telephone calls do, in fact, continue to achieve the highest revenue in the telecommunications industry, exhibiting consistent increases in the number of subscriptions throughout the region.

In recent years the telecommunications industry in the Asia Pacific region has grown significantly, with an especially increased growth in the mobile virtual network operator (MVNO) market. MVNOs resell wireless communications services at lower prices. However, there has been increased demand for better voice quality and connectivity. This in turn has stimulated the growth of the telecommunications market in the Asia Pacific region, and with this has generated increased expenditure on telecommunications services.

The telephone companies and internet service providers within the telecommunications industry provide a gateway for the progression of mobile communications. Mobile communications appear to be the current focus and future of the telecommunications industry in the Asia Pacific region. This can be deduced by the great number of mobile subscriptions within Asia Pacific countries. Interestingly, it is estimated by 2025 over 50 percent of mobile subscribers in the Asia Pacific region will be using a 4G mobile network system.

Previously, the telecommunications industry has been led by the United States and Europe, with telecommunications companies such as Verizon and Vodafone dominating the market. However, in recent times, Asian companies have, too, emerged as major players within the industry. China and Japan have set the precedent, firmly establishing the Asia Pacific countries on the map. Australia, South Korea, Taiwan, India, and Vietnam all boast major telecom operators in the Asia Pacific region, strengthening the status of the Asia Pacific region within the telecommunications industry.

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Telecommunications industry in Asia Pacific

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