0Global telecoms revenue is projected to rise at a CAGR of 2.9% through to 2028, below inflation, even as the sector’s total revenue across fixed and mobile verticals rose 4.3% in 2023 to hit US$1.1 trillion, according to PwC’s Global Telecoms Outlook, published Tuesday ahead of Mobile World Congress in Barcelona, Spain (3-6 March 2025).
The Outlook finds that the telecoms industry faces a sluggish outlook amid rising costs and competition, muted subscriber growth, and lingering macroeconomic and geopolitical pressures.
According to report by the Channels Television, it stated that despite there being volume growth in the sector, average revenue per unit (ARPU) is expected to decline an average of 2% annually until 2028, across mobile, fixed broadband, and voice services.
However, while the Outlook points to a challenging environment in need of re-invention, wide variation exists in the growth outlook between services and markets.
For instance, fixed broadband and mobile subscriptions are projected to grow annually by 3.8% and 4.3% until 2028, respectively, while fixed voice subscriptions are expected to decline by 1.8%.
Across geographies, fixed subscriptions are projected to grow between 0-6% — with higher growth markets including India (17.2%), Nigeria (9.2%) and Malaysia (9%).
Highlights Of The Report:
Global telecoms revenues are projected to rise at a CAGR of 2.9% through 2028, below inflation, with $200 billion in incremental revenue growth up for grabs by 2028.
Sectors total revenue across fixed and mobile rose 4.3% in 2023 to US$1.1 trillion
5G revenue remains muted, but subscriptions are projected to more than quadruple, from 1.79 billion in 2023 to 7.51 billion in 2028.
Cellular Internet-of-things (IoT) services are to be buoyed by the automotive sector, with sector IoT revenue projected to more than double and hit $34.1 billion in 2028, at a CAGR of 15.8%.
Industry must reinvent how it creates, delivers and captures value – including strategic investments in AI, fixed connectivity, digital infrastructure and working with investors and regulators to unlock growth.
Global telecoms revenue is projected to rise at a CAGR of 2.9% through to 2028, below inflation, even as the sector’s total revenue across fixed and mobile verticals rose 4.3% in 2023 to hit US$1.1 trillion, according to PwC’s Global Telecoms Outlook, published Tuesday ahead of Mobile World Congress in Barcelona, Spain (3-6 March 2025).
The Outlook finds that the telecoms industry faces a sluggish outlook amid rising costs and competition, muted subscriber growth, and lingering macroeconomic and geopolitical pressures.
According to report by the Channels Television, it stated that despite there being volume growth in the sector, average revenue per unit (ARPU) is expected to decline an average of 2% annually until 2028, across mobile, fixed broadband, and voice services.
However, while the Outlook points to a challenging environment in need of re-invention, wide variation exists in the growth outlook between services and markets.
For instance, fixed broadband and mobile subscriptions are projected to grow annually by 3.8% and 4.3% until 2028, respectively, while fixed voice subscriptions are expected to decline by 1.8%.
Across geographies, fixed subscriptions are projected to grow between 0-6% — with higher growth markets including India (17.2%), Nigeria (9.2%) and Malaysia (9%).
Highlights Of The Report:
Global telecoms revenues are projected to rise at a CAGR of 2.9% through 2028, below inflation, with $200 billion in incremental revenue growth up for grabs by 2028.
Sectors total revenue across fixed and mobile rose 4.3% in 2023 to US$1.1 trillion
5G revenue remains muted, but subscriptions are projected to more than quadruple, from 1.79 billion in 2023 to 7.51 billion in 2028.
Cellular Internet-of-things (IoT) services are to be buoyed by the automotive sector, with sector IoT revenue projected to more than double and hit $34.1 billion in 2028, at a CAGR of 15.8%.
Industry must reinvent how it creates, delivers and captures value – including strategic investments in AI, fixed connectivity, digital infrastructure and working with investors and regulators to unlock growth.
Businessstandardsng.com/ a strategic cross-reporting initiative with enterprisethrob.com
