Philippines: Fixed comms revenue to grow 2.7% CAGR to 2027
November 23, 2022
The total fixed communication services revenue in the Philippines is expected to increase at a compounded annual growth rate (CAGR) of 2.7 per cent from $5.2 billion in 2022 to $6 billion in 2027, mainly driven by the strong growth in fixed broadband segment, forecasts GlobalData, a data and analytics company.
GlobalData’s Philippines Fixed Communications Forecast (Q2 2022) reveals that the fixed voice service revenue will decline at a CAGR of 2 per cent over 2022-2027, owing to the drop in circuit switched subscriptions and decline in fixed voice average revenue per subscriber (ARPS) levels as a result of the increasing preference for mobile/internet-based communications and free voice minutes bundled as a part of operators’ fixed bundled plans.
Srikanth Vaidya, Telecom Analyst at GlobalData, commented: “Fixed broadband services revenue, on the other hand, will increase at a CAGR of 3.7 per cent during 2022-2027, driven by the steady growth in broadband subscriptions, especially higher-ARPS yielding fibre broadband subscriptions.”