Indonesia communication service revenue to grow to $4b in 2029

This is due to fibre broadband service adoption.

Indonesia’s communication services revenue will increase at a compound annual growth rate (CAGR) of 4.6% from $3.2b in 2024 to $4b in 2029, according to GlobalData.

This is due to fibre broadband service adoption gaining traction.

“Fibre lines are estimated to account for about 88% share of the total fixed broadband lines in Indonesia in 2024 and will remain the leading broadband technology through 2029,” said Srikanth Vaidya, Telecom Analyst at GlobalData.

Fixed broadband service revenue will also increase at a CAGR of 4.9% as its penetration gains pace, especially with the growing adoption of higher ARPU fibre-optic (FTTH/B) services.

Meanwhile, Indonesia's Fixed Communications Forecast for Q2 2024 revealed that fixed voice service revenue will decline at a CAGR of 0.7%.

GlobalData attributes this to the continuous drop in circuit-switched subscriptions and a decline in fixed voice average revenue per user (ARPU) levels with users shifting from traditional telephone to mobile/OTT services.

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GlobalData

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