Philippines Telecom Market Size (2024 - 2029)

Philippines Telecom Market Analysis

The Philippines Telecom Market size is estimated at USD 5.58 billion in 2024, and is expected to reach USD 6.55 billion by 2029, growing at a CAGR of 3.28% during the forecast period (2024-2029).

Most major telecom companies, such as PLDT, Smart Communications, Globe Telecom, DITO Telecommunity, and NOW Telecom, are based in the Philippines and promote innovation by making significant R&D investments consistently.

• To overcome the growing demand, the Philippine telecom industry made further strides in expanding its network capacity with fiber and wireless deployments. For instance, in April 2022, the Anti-Red Tape Authority affirmed its decision ordering the National Telecommunications Commission to extend the permit of Now Telecom Company to operate mobile telephone services and mobile and fixed wireless frequencies. Such initiatives will increase the demand for reliable and high-speed internet connectivity services.
• DITO Telecommunity deployed more than 30,000 km of fiber-optic cabling in June 2022 to link the country's three major islands and built over 5,500 mobile towers, connecting more than 600 cities and municipalities.
• In 2020, DICT(Department of Information and Communications Technology) introduced a five-year road map to improve connectivity in urban areas across the Philippines. This five-year road map aims to build cell towers and deploy high-throughout satellites for provinces such as Mindoro, Marinduque, Batanes, Romblon, Siargao, and Camiguin. Such initiatives are rising mobile internet subscriptions and growth in smartphone subscriptions that will bring new customers into the telecom market.
• For instance, Globe Telecom company extended the reach of its free GoWiFi service across 3,700 locations nationwide to meet the demand for reliable internet access in public areas. This project covers government sites, supermarkets, hospitals, airports, and schools across the city halls of Quezon, Mandaluyong, Bacoor, Puerto Galera, Davao, and Antipolo. Such initiatives across Wi-Fi solutions will bring growth opportunities for the telecom market.
• The outbreak of COVID-19 has significantly impacted production and supply chains globally. The telecom sector will likely experience an increase in mobile device production in the coming years. It may also be difficult for network operators to manage workflows when maintaining and upgrading existing infrastructure. Progress toward the 5G network is expected to impact the market's growth positively.

Philippines Telecom Industry Segmentation

Telecom or telecommunication is the long-range transmission of information by electromagnetic means. The study on the Philippine telecom market includes an in-depth trend analysis based on connectivity like fixed networks, mobile networks, and telecom towers. The telecom services are divided into voice services (wired and wireless), data and messaging services, OTT, and PayTV services. Several factors, including an increasing demand for 5G, are expected to drive the adoption of telecom services.

The market sizes and forecasts are provided in terms of value (in USD million) for all the above segments.