Tuesday, 04 May 2021 00:29

GlobalData: Investment in 5G to drive South Korea’s mobile services market over 2020-2025

By

The mobile data service revenues will grow at a 7.1% CAGR over 2020-2025 driven by the projected rise in the adoption of 5G services, which yield higher average revenue per user (ARPU), according to GlobalData.

An analysis of GlobalData’s South Korea Mobile Communication Forecast Model reveals that total mobile services revenue in South Korea is set to increase at a compound annual growth rate (CAGR) of 3.7% from US$21.0B in 2020 to US$25.1B in 2025, supported by continued growth in the mobile data services segment.

Mobile voice and mobile messaging service revenues on the other hand will continue with their downward trend as users increasingly adopt over the top (OTT)-based communication platforms.

Aasif Iqbal, Telecom Analyst at GlobalData, said: “Though 4G services will remain the leading mobile technology by subscriptions in South Korea until 2024, 5G subscriptions will grow at the fastest CAGR of 26.9% over the forecast period 2020-2025.

"GlobalData expects 5G subscriptions to account for 52.0% share of the total mobile subscriptions by the end of 2025. This growth will be primarily supported by 5G network expansions by the three major mobile network operators (MNOs) in the country - SK Telecom, KT and LG Uplus. In July 2020, all the three MNOs agreed to invest KRW25.7 trillion to boost 5G infrastructure in the country through 2022.

“SK Telecom led the mobile market in terms of subscription share in 2020 and will remain the leading mobile operator through 2025. SK Telecom’s market leadership will be primarily supported by the 5G promotional plans with value added benefits.

"For instance, it is offering unlimited mobile data and voice calling, VIP membership (subscribers can avail discounts on movies, coffees, transportation 12 times a year) along with free subscription of the music application FLO music."


Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Alex Zaharov-Reutt

Alex Zaharov-Reutt is iTWire's Technology Editor is one of Australia’s best-known technology journalists and consumer tech experts, Alex has appeared in his capacity as technology expert on all of Australia’s free-to-air and pay TV networks on all the major news and current affairs programs, on commercial and public radio, and technology, lifestyle and reality TV shows. Visit Alex at Twitter here.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments