[prnewswire] The rollout of a new fiber network in Singapore will enable higher fixed connection speeds, boosting adoption and service capabilities and helping to drive service revenue to US$5.1 billion by 2014, according to a new report from Pyramid Research.
Singapore: Fiber Initiative to Drive Higher Adoption of Broadband and Pay-TV offers a precise profile of the country's telecommunications, media, and technology sectors based on proprietary data collected and analyzed by Pyramid. This 28-page report provides detailed competitive analysis of both the fixed and mobile sectors, tracks the market shares of technologies and services, and monitors the introduction and spread of new technologies.
Despite Singapore's high penetration rate in 2009, there is still much room for growth in mobile data, broadband and pay-TV markets, notes Tae-Hyung Kim, analyst at Pyramid Research and the co-author of this report. "Market players are betting strongly on these areas, with investments being made in 3G and in a national fiber network to enable higher data speeds and more advanced services provision," says Kim.
Data services revenue currently accounts for 31 percent of total service revenue and will further expand its importance to 38 percent by 2014, as demand for both mobile and fixed data services grows, notes Kim. "Service revenue from mobile data will grow at a CAGR of 10.7 percent in local currency terms during the next five years, driven by increased mobile Internet and mobile broadband usage," says Kim. "Furthermore, about 14 percent of Singaporeans now subscribe to mobile broadband connectivity services, a figure we expect to reach 40 percent by the end of 2014."
"In the fixed sector, growth in broadband subscribers – DSL, cable modem, and fiber – will be the principal driver behind increasing revenue, especially following the completion of the new national fiber network," Kim says. "A larger base of broadband subscribers will increase the adoption of both VoIP and IPTV, which we forecast to grow at a CAGR of 20.4 percent and 41.1 percent, respectively, during the next five years," he adds.
Fiber Network Drives Broadband Adoption in Singapore, Pyramid Finds