SINGAPORE, Jan. 9, 2019
SINGAPORE, Jan. 9, 2019 /PRNewswire/ -- The next five years for the mobile services market in Asia-Pacific may see intense competition among Mobile Network Operators (MNOs) who are compelled to offer customized solutions and innovative new services. With 5G technology as a potential game changer in terms of services offered by MNOs, the importance of clear business strategies and sound execution cannot be understated.
The mobile telecommunications market in Asia-Pacific served 4.04 billion subscribers in 2017, and is expected to reach 4.58 billion by 2021, growing at a CAGR (2017–2021) of 3.1%.
Frost & Sullivan recently published a report titled Asia-Pacific Mobile Services Market, Forecast to 2021, which highlights three key trends in the mobile services market, namely:
"One of the key trends that is set to continue within the mobile services market is declining revenue in voice and messaging services, alongside strong growth in data revenue due to the proliferation of over-the-top (OTT) applications," said Mei Lee Quah, Industry Principal Analyst, Information & Communication Technologies Practice, Digital Transformation at Frost & Sullivan.
"The future of MNO revenue lies within digital services, a 'mobile-first' culture, technology as a differentiator, and customer experience. MNOs also need to start planning for 5G, as they need to take a comprehensive approach to the security challenges that new opportunities with 5G will open up," she added.
Frost & Sullivan's report, Asia-Pacific Mobile Services Market, Forecast to 2021, offers detailed analysis on growth opportunities for market participants in the mobile services market in Asia-Pacific, including:
To learn more about Frost & Sullivan Asia-Pacific Mobile Services Market, Forecast to 2021, visit https://go.frost.com/AZ_PR_ICT_ZZukarnain_9ABE_36_MobileServices_Jan18
About Frost & Sullivan
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Corporate Communications – Asia Pacific
P: +65 6890 0926
F: +65 6890 0999