Philippines Telecom Market Size (2024 - 2029)

The telecommunication industry in the Philippines is poised for growth, with its market size expected to expand significantly over the forecast period. Major telecom companies are driving innovation through substantial R&D investments, while efforts to enhance network capacity through fiber and wireless deployments are addressing the increasing demand for high-speed internet services. Initiatives such as the deployment of extensive fiber-optic networks and the expansion of Wi-Fi solutions in public areas are creating new growth opportunities. Additionally, the push towards 5G technology is anticipated to further positively influence the market's expansion.

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Market Size of Philippines Telecom Industry

Philippines Telecom Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 5.58 Billion
Market Size (2029) USD 6.55 Billion
CAGR (2024 - 2029) 3.28 %
Market Concentration High

Major Players

Philippines Telecom Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

By Services
Voice Services
Wired
Wireless
Data and Messaging Services (Coverage to Include Internet and Handset Data packages and Package Discounts)
OTT and Pay-TV Services
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Philippines Telecom Market Size Summary

The telecommunications industry in the Philippines is poised for significant growth over the forecast period, driven by substantial investments in network infrastructure and technological advancements. Major players such as PLDT, Smart Communications, Globe Telecom, DITO Telecommunity, and NOW Telecom are at the forefront, consistently investing in research and development to foster innovation. The industry is witnessing a robust expansion of fiber and wireless networks, with initiatives like the deployment of extensive fiber-optic cabling and the construction of numerous mobile towers to enhance connectivity across the archipelago. Government efforts, such as the five-year roadmap by the Department of Information and Communications Technology, aim to improve urban and rural connectivity, further propelling the market's growth. The shift towards 5G networks and the modernization of existing infrastructure are expected to positively impact the market, catering to the increasing demand for high-speed internet and mobile services.

The market landscape is characterized by a shift in consumer preferences towards over-the-top (OTT) services, which is influencing the dynamics of pay-TV penetration. The growing popularity of streaming platforms like Netflix, iflix, Viu, and Prime Video is creating new opportunities for telecom providers to expand their service offerings. The rise in mobile and smartphone subscriptions is also contributing to the demand for these services. Key players are focusing on expanding their broadband services, with significant investments in fiber infrastructure to support 5G networks and enhance internet connectivity. Partnerships and collaborations, such as those between PLDT and Telesat, and Globe Telecom and AST SpaceMobile, are aimed at providing high-speed mobile and satellite broadband services, further strengthening the market's growth trajectory.

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Philippines Telecom Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Ecosystem Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 COVID-19 Impact on the Industry Ecosystem

    5. 1.5 Regulatory Landscape in the Philippines

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Services

      1. 2.1.1 Voice Services

        1. 2.1.1.1 Wired

        2. 2.1.1.2 Wireless

      2. 2.1.2 Data and Messaging Services (Coverage to Include Internet and Handset Data packages and Package Discounts)

      3. 2.1.3 OTT and Pay-TV Services

Philippines Telecom Market Size FAQs

The Philippines Telecom Market size is expected to reach USD 5.58 billion in 2024 and grow at a CAGR of 3.28% to reach USD 6.55 billion by 2029.

In 2024, the Philippines Telecom Market size is expected to reach USD 5.58 billion.

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Telecommunication Industry in the Philippines Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)