South Korea - Telecommunication Services: Highly competitive and challenging (Strategy, Performance and Risk Analysis)
This report provides an in depth analysis of the South Korean telecommunication market, exploring key areas such as the current and forecast trends of the sectors, regional, global and country benchmarking for a comparative analysis, and the competitive landscape, including the top players. South Korea’s telecom infrastructure is one of the most advanced in the world, with high broadband penetration levels and growing technological advancements. Among much more, readers can find further information on the South Korean telecoms market's technological development and drive in the report.
MarketLine’s Premium industry reports provide a comprehensive market view including sections on: industry risk & reward, key industry trends and drivers, industry SWOT analysis, industry benchmarking to compare key performance indicators with regional and global markets, competitive landscape, and innovation.
Adoption of LTE technology
LTE is a leading technology platform for mobile subscriptions. LTE subscriptions increased at 30.8% CAGR during 2012-16, from 15.8 million in 2012 to 46.3 million in 2016, and are expected to increase by 6.4% CAGR during 2016-21 to reach 63.1 million in 2021. The competitive position is a result of multiple factors, such as spectrum allocation and spectrum price among others. With an increase in penetration, South Korea offers LTE services through spectrums with bandwidths on 1800 MHz and 2.1 GHz bands.
Mobile telecom market is saturated in South Korea
High mobile penetration rates in South Korea indicate that there is limited opportunity for growth in the country. Mobile penetration increased at 2.5% CAGR during 2012-16 from 110.2% in 2012 to 121.6% in 2016, and is expected to increase at 1.9% CAGR over 2016-2021 to reach 133.5% by 2021.
Fixed revenue significantly contributes to total revenue
Fixed communications service revenue declined marginally at -0.8% CAGR during 2012-16, from US$9,352.9 million in 2012 to US$9,052.2 million in 2016, and is expected to decline marginally at -0.5% CAGR during 2016-21 to reach US$8,825.6 million. The fixed broadband internet component is promising and is poised to grow, though it will be offset by falling fixed voice service revenue.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook