New Zealand fixed communication services market to grow $1.4b by 2029

This growth is driven by increasing demand for fixed broadband.

New Zealand’s fixed communication services market revenue is expected to moderately grow to $1.4b by 2029 from $1.3b in 2024, GlobalData reported.

This growth is driven by increasing demand for fixed broadband, particularly fibre-to-the-home/business (FTTH/B) connections, whilst investments in fibre infrastructure continue to advance the country’s high-speed broadband capabilities.

For instance, Chorus, a wholesale fixed line provider, launched a fibre build program in February to expand fibre internet coverage to 10,000 additional homes and businesses, encompassing 59 communities across the country.

GlobalData forecasts that fixed voice services revenue will see a marginal compound annual growth rate (CAGR) of 0.9% during the 2024 to 2029 period amidst the steady decline in circuit-switched subscriptions and sluggish growth in packet-switched subscriptions.

Fixed broadband service revenue is expected to increase at a CAGR of 1.6% over the forecast period, mainly supported by the growth in fixed wireless and FTTH/B subscriptions, on the back of government efforts to expand broadband connectivity in the country.

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