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Market trends such as remote working and learning and entertainment needs have reshaped the business segments of the telecommunications industry in Asia-Pacific, including the mobile, fixed, and digital segments. Consumers have increased the adoption of digital services such as videoconferencing, digital financial services, and eCommerce to meet their digital habits and needs, and enterprises are acquiring ICT solutions, including security, cloud technology, and Big Data, to help remote workers. In the digital world, connectivity is essential for individuals to connect and enterprises to continue business operations. This Frost & Sullivan study offers telecommunications service providers (telcos) clear strategies to drive growth opportunities in the industry.

The industry remains saturated due to the intense competition, but market trends provide ample growth opportunities for telcos. The rising demand for high-speed network services, ICT and digital services, applications, and platforms drives revenue growth. As telcos continue to invest in network quality, improve product attractiveness, and launch innovative services, revenue is expected to record a CAGR of 3.6% from 2021 to 2027 and reach $489.24 billion in 2027.