Philippines Telecom Market Report and Forecast 2025-2034
Description
The Philippines telecom market reached around USD 6.13 Billion in 2024. The market is projected to grow at a CAGR of 4.10% between 2025 and 2034 to reach nearly USD 9.16 Billion by 2034.
Philippines Telecom Market Growth
As per the National Telecommunication Commission, the Philippines has nearly 23,000 cell sites, which is lower than its neighbouring counterparts like Vietnam (90,000) and Bangladesh (30,000). As per the Asian Development Bank, the Philippines needs to establish 60,000 additional cell towers by 2031 in its GIDA (Geographically Isolated and Disadvantaged Areas). As per the World Bank, though the Philippines has the most expensive rates for internet subscriptions in Southeast Asia, the speed of connectivity is relatively slow as compared to other countries like Singapore, Thailand, Brunei, and Malaysia. Therefore, the Philippines needs to invest nearly $1.1 billion to expand the coverage of fibre optic networks in the country.
Improvements in the regulations of telecom are expected to facilitate the market growth. In May 2020, the Philippines’ Department of ICT introduced the Common Tower Policy, which is expected to drive the coverage of mobile networks in the country. Besides, the DICT and BCDA (Bases and Conversion Development Authority) are collectively executing the National Broadband Plan worth $20 million, which includes the National Free Wi-Fi Program, Common Tower Policy, and satellite overlay under its ambit.
Philippines Telecom Industry Segmentation
Philippines Telecom Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Service
Fixed Voice Services
Fixed Internet Access Services
Mobile Voice Services
Mobile Data Services
Pay-TV Services
Machine-to-Machine (Mobile IoT) Services
Market Breakup by Transmission
Wireline
Wireless
Philippines Telecom Market Share
Based on services, the market is segmented into fixed voice services, fixed internet access services, mobile voice services, mobile data services, Pay-Tv services, and mobile IoT services. Over the forecast period, machine to machine (mobile IoT) services are expected to grow at a CAGR of 5.1%, due to rapid technological advancements.
Leading Companies in the Philippines Telecom Market
To expand its public broadband infrastructure and boost connectivity in far flung areas, the World Bank has provided the Philippines with a grant of PhP 16.1 billion to accelerate the rollout of the Philippines Digital Infrastructure Project.
PLDT Inc.
GLOBE TELECOM, INC.
DITO Telecommunity Corporation
CONVERGE INFORMATION AND COMMUNICATIONS TECHNOLOGY SOLUTIONS, INC.
Eastern Telecommunications Philippines, Inc.
SKY Cable Corporation.
NOW Corporation
Others
Philippines Telecom Market Report Snapshots
Philippines Telecom Market Size
Philippines Telecom Market Growth
Philippines Telecom Market Share
Philippines Telecom Companies
Philippines Telecom Market Growth
As per the National Telecommunication Commission, the Philippines has nearly 23,000 cell sites, which is lower than its neighbouring counterparts like Vietnam (90,000) and Bangladesh (30,000). As per the Asian Development Bank, the Philippines needs to establish 60,000 additional cell towers by 2031 in its GIDA (Geographically Isolated and Disadvantaged Areas). As per the World Bank, though the Philippines has the most expensive rates for internet subscriptions in Southeast Asia, the speed of connectivity is relatively slow as compared to other countries like Singapore, Thailand, Brunei, and Malaysia. Therefore, the Philippines needs to invest nearly $1.1 billion to expand the coverage of fibre optic networks in the country.
Improvements in the regulations of telecom are expected to facilitate the market growth. In May 2020, the Philippines’ Department of ICT introduced the Common Tower Policy, which is expected to drive the coverage of mobile networks in the country. Besides, the DICT and BCDA (Bases and Conversion Development Authority) are collectively executing the National Broadband Plan worth $20 million, which includes the National Free Wi-Fi Program, Common Tower Policy, and satellite overlay under its ambit.
Philippines Telecom Industry Segmentation
Philippines Telecom Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Service
Fixed Voice Services
Fixed Internet Access Services
Mobile Voice Services
Mobile Data Services
Pay-TV Services
Machine-to-Machine (Mobile IoT) Services
Market Breakup by Transmission
Wireline
Wireless
Philippines Telecom Market Share
Based on services, the market is segmented into fixed voice services, fixed internet access services, mobile voice services, mobile data services, Pay-Tv services, and mobile IoT services. Over the forecast period, machine to machine (mobile IoT) services are expected to grow at a CAGR of 5.1%, due to rapid technological advancements.
Leading Companies in the Philippines Telecom Market
To expand its public broadband infrastructure and boost connectivity in far flung areas, the World Bank has provided the Philippines with a grant of PhP 16.1 billion to accelerate the rollout of the Philippines Digital Infrastructure Project.
PLDT Inc.
GLOBE TELECOM, INC.
DITO Telecommunity Corporation
CONVERGE INFORMATION AND COMMUNICATIONS TECHNOLOGY SOLUTIONS, INC.
Eastern Telecommunications Philippines, Inc.
SKY Cable Corporation.
NOW Corporation
Others
Philippines Telecom Market Report Snapshots
Philippines Telecom Market Size
Philippines Telecom Market Growth
Philippines Telecom Market Share
Philippines Telecom Companies
Table of Contents
115 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Telecom Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Telecom Historical Market (2018-2024)
- 5.3 Asia Pacific Telecom Market Forecast (2025-2034)
- 6 Philippines Telecom Market Overview
- 6.1 Key Industry Highlights
- 6.2 Philippines Telecom Historical Market (2018-2024)
- 6.3 Philippines Telecom Market Forecast (2025-2034)
- 7 Philippines Telecom Market by Service
- 7.1 Fixed Voice Services
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Fixed Internet Access Services
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Mobile Voice Services
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Mobile Data Services
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Pay-TV Services
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Machine-to-Machine (Mobile IoT) Services
- 7.6.1 Historical Trend (2018-2024)
- 7.6.2 Forecast Trend (2025-2034)
- 8 Philippines Telecom Market by Transmission
- 8.1 Wireline
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Wireless
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 Market Dynamics
- 9.1 SWOT Analysis
- 9.1.1 Strengths
- 9.1.2 Weaknesses
- 9.1.3 Opportunities
- 9.1.4 Threats
- 9.2 Porter’s Five Forces Analysis
- 9.2.1 Supplier’s Power
- 9.2.2 Buyer’s Power
- 9.2.3 Threat of New Entrants
- 9.2.4 Degree of Rivalry
- 9.2.5 Threat of Substitutes
- 9.3 Key Indicators for Demand
- 9.4 Key Indicators for Price
- 10 Competitive Landscape
- 10.1 Supplier Selection
- 10.2 Key Global Players
- 10.3 Key Regional Players
- 10.4 Key Player Strategies
- 10.5 Company Profiles
- 10.5.1 PLDT Inc.
- 10.5.1.1 Company Overview
- 10.5.1.2 Product Portfolio
- 10.5.1.3 Demographic Reach and Achievements
- 10.5.1.4 Certifications
- 10.5.2 GLOBE TELECOM, INC.
- 10.5.2.1 Company Overview
- 10.5.2.2 Product Portfolio
- 10.5.2.3 Demographic Reach and Achievements
- 10.5.2.4 Certifications
- 10.5.3 DITO Telecommunity Corporation
- 10.5.3.1 Company Overview
- 10.5.3.2 Product Portfolio
- 10.5.3.3 Demographic Reach and Achievements
- 10.5.3.4 Certifications
- 10.5.4 CONVERGE INFORMATION AND COMMUNICATIONS TECHNOLOGY SOLUTIONS, INC.
- 10.5.4.1 Company Overview
- 10.5.4.2 Product Portfolio
- 10.5.4.3 Demographic Reach and Achievements
- 10.5.4.4 Certifications
- 10.5.5 Eastern Telecommunications Philippines, Inc.
- 10.5.5.1 Company Overview
- 10.5.5.2 Product Portfolio
- 10.5.5.3 Demographic Reach and Achievements
- 10.5.5.4 Certifications
- 10.5.6 SKY Cable Corporation.
- 10.5.6.1 Company Overview
- 10.5.6.2 Product Portfolio
- 10.5.6.3 Demographic Reach and Achievements
- 10.5.6.4 Certifications
- 10.5.7 NOW Corporation
- 10.5.7.1 Company Overview
- 10.5.7.2 Product Portfolio
- 10.5.7.3 Demographic Reach and Achievements
- 10.5.7.4 Certifications
- 10.5.8 Others
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