In this analysis we discuss how the Asia Pacific telecom industry fared in 2022 and the key trends shaping the region in 2023.
- Telcos maintain growth momentum, estimated at 6.5 percent for 2022 in comparison to 6.4 percent in 2021
- Earnings fail to keep pace with revenue growth, 45 percent of telcos show decline in EBITDA
- Telcos make steady progress in establishing enterprise business, enterprise now accounts for 20 percent of total revenues
- Diversification into adjacencies such as media, gaming, e-commerce, financial services gain momentum. Non-connectivity is expected to reach 30 percent of revenues by 2025.
- China leads the 5G surge, APAC, subscriber numbers to reach 2.1 billion by 2026; Enterprise the key revenue driver
- Industry consolidation to continue with growing need for network investments
- Telcos accelerate transition to become digital telco; many get better at execution; CX gets sustained board room attention
- Cloud became a key board room agenda as telcos forged strategic partnerships with hyperscalers
- Telcos under cyberattack, cybersecurity grows as a business opportunity
- ESG reporting gains traction, leaders look to define broader purpose focused on themes such as digital inclusion, privacy and security.
Download the 40 slides full report here for in-depth insights into these top 10 trends shaping the industry.
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