Published on : Nov 04, 2016
ALBANY, NY, Nov 04, 2016: With the telecom market in Hong Kong expected to expand at a tepid 1% CAGR from 2016 to 2021, operators are feeling the pressure to differentiate their services to keep revenue gains coming in. These are the key findings of a report, titled, “Hong Kong: Operators Expand Networks and Work to Differentiate Services in Saturated Market.” The report, which contains 32 pages of comprehensive analyses, is now available on ResearchMoz.us. The marginal growth that is projected to come about in the Hong Kong telecom market will stem from a growth in mobile data revenue, the report further states.
The report identifies growth in fixed internet and mobile data consumptions as the primary drivers of growth for the telecom market in Hong Kong. These drivers will essentially be a result of operators making investments in the 4G spectrum and expanding fiber networks. Telecom vendors will thus see no stalling in opportunity creation as far as support for telecom network expansion is concerned. At the same time, upgrades and maintenance of existing networks will also give vendors in the telecom industry in Hong Kong an additional avenue of growth.
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Revenue from telecom services in Hong Kong is pegged to touch US$5.6 bn by the end of 2016 and is projected to touch US$5.9 bn by 2021, translating to a 1.5% CAGR between 2016 and 2021. Fixed and mobile data segments will aid revenue growth the most. The report further states that the telecom market in Hong Kong will see PCCW-HKT and SmarTone occupy the leading position. These entities have a stronghold in pay-TV, mobile, and fixed services sectors; they collectively held sway over nearly 64% of the market in 2016.
The way ahead, for operators in the telecom market in Hong Kong, clearly is to create a bouquet of integrated services to not only retain existing customers but attract new ones. The growing demand for data will help fuel these strategies organically. This will, in turn, spawn network expansion and improvement investments, taking the competition in the Hong Kong telecom market a notch higher.
Consumers are expected to turn toward 4G services in greater numbers than before – a factor that calls for investments in LTE-A and LTE networks to inspire confidence among consumers by providing better speeds and network connectivity. The report offers meticulously collated and evaluated quantitative and qualitative insight. Opportunities and risk factors that are expected to emerge in the short term are discussed in detail in the report. Where required, the report also supplements the analysis with pictorial elements. Important trends related to mobile number portability, spectrum licensing, data plans, and more have been provided in the report.
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