China telecom, pay-TV revenue to hit $483b by 2029

This is despite a modest compound annual growth rate of 0.5%.

China’s telecom and pay-TV services revenue is expected to grow, albeit at a modest compound annual growth rate (CAGR) of 0.5%, to $483b in 2029, according to GlobalData.

The report said this will be driven by mobile data service increasing at a CAGR of 5.3% due to an increase in 5G subscriptions and mobile data ARPU.

Pay-TV services revenue will also increase, supported by the subscription gains in the IPTV segment and a marginal increase in overall pay-TV ARPU.

However, mobile voice service revenue will decline significantly at a CAGR of 19% due to consumer shift towards OTT communication platforms and the decline in mobile voice ARPU.

Moreover, in the fixed communication services segment, fixed voice service revenue will also fall due to losses in circuit-switched subscriptions and declining fixed voice ARPU.

“Fibre will remain the dominant technology across China, due to the ongoing investments by operators and the government in fibre-optic network expansion,” Sarwat Zeeshan, Telecom Analyst at GlobalData, said.