How big is the Hong Kong Telecom Market?

The Hong Kong Telecom Market size is expected to reach USD 7.61 billion in 2024 and grow at a CAGR of 2.60% to reach USD 8.65 billion by 2029. Read More

What is the current Hong Kong Telecom Market size?

In 2024, the Hong Kong Telecom Market size is expected to reach USD 7.61 billion. Read More

What years does this Hong Kong Telecom Market cover, and what was the market size in 2023?

In 2023, the Hong Kong Telecom Market size was estimated at USD 7.41 billion. The report covers the Hong Kong Telecom Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hong Kong Telecom Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Hong Kong Telecom Market - Companies & Share

Hong Kong Telecom Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Hong Kong Telecom Companies and the Market is Segmented by Services, Which Have Been Further Classified Into Voice Services (Wired and Wireless), Data and Messaging Services, and OTT and Pay TV. The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Hong Kong Telecom Industry Overview

The Hong Kong telecom market is semi-consolidated. Major players include Hong Kong Broadband Network Limited (HKBN), Hong Kong Telecommunications (HKT) Limited, China Mobile Hong Kong Company Limited, SmarTone Telecommunications Holdings Limited, and Hutchison Telecommunications Hong Kong Holdings Limited. Players in the market are adopting partnerships and acquisitions, which help them enhance their product offerings and gain a sustainable competitive advantage.

In May 2024, HKBN Hong Kong and AXA Macau strategically partnered to offer comprehensive home insurance protection to all HKBN customers. AXA’s strategic alliance with HKBN aims to provide all-inclusive peace of mind to households by integrating home insurance with HKBN’s home broadband service. Customers purchasing home broadband service will benefit from comprehensive home protection, such as dual guarantee home broadband, home network security, and home asset protection.
In March 2024, Hong Kong Telecom (HKT) adopted the latest 50G PON technology, becoming the first telecommunication service provider in Hong Kong to support 50G applications using 50G PON technology. This prepares HKT for the delivery of an ultra-high-speed, multi-device, and ultra-low-latency network experience for both consumers and commercial customers. The 50G fiber broadband offers a significant step up in speed, with a specification download speed of up to 50Gbps. This development positions HKT at the forefront of technological advancements in the telecommunications sector, ensuring they meet the growing demand for internet services, which are faster and more reliable.