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CAMBRIDGE, Massachusetts - June 3, 2010 - 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 (www.pyr.com).
Singapore: Fiber Initiative to Drive Higher Adoption of Broadband and Pay-TV 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. Download an excerpt of this report here.
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.
“Singapore’s pay-TV market also holds good growth prospects as it benefits from competition, convergence, and the new fiber network,” notes Kim. Despite an already high household penetration level of 65 percent in 2009, Pyramid expects penetration to grow to 89 percent by 2014.
Singapore: Fiber Initiative to Drive Higher Adoption of Broadband and Pay-TV is part of Pyramid Research’s Asia-Pacific Country Intelligence Report Series.Download an excerpt here. This report can be purchased online here or by emailing us at info@pyr.com.
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About Pyramid Research
Pyramid Research (www.pyr.com) offers practical solutions to the complex demands our clients face in the telecommunications, media and technology industries. Our analysis is uniquely positioned at the intersection of emerging markets, emerging technologies and emerging business models, powered by the bottom-up methodology of our market forecasts for over 100 countries - a distinction that has remained unmatched for more than 25 years. As the telecom research arm of the Light Reading Communications Network, Pyramid Research works with Heavy Reading, providing the communications industry's most comprehensive market data, trusted research and insightful technology analysis.
About Light Reading
Founded in 2000, Light Reading (www.lightreading.com) is the leading online media, research, and event focused company serving the $3 trillion worldwide communications market. Lightreading.com is the ultimate source for technological and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. Light Reading’s research arms, Heavy Reading and Pyramid Research, provide the most comprehensive communications research, market data, and technology analysis in close to 100 markets around the world. Light Reading produces nearly 20 targeted communications events including TelcoTV, and TelcoTV Asia, Ethernet Expo New York and Ethernet Europe, and The Tower Summit @ CTIA, as well as focused one-day events tailored for cable, mobile, and wireline executives in the US, Europe, India, and China. Light Reading was acquired by United Business Media in August 2005 and operates as a unit of TechWeb.
About UBM TechWeb
UBM TechWeb (http://www.techweb.com), the global leader in technology media and professional information, enables people and organizations to harness the transformative power of technology. Through its core businesses - media solutions, marketing services and professional information - UBM TechWeb produces the most respected and consumed brands, applications and services in the technology market. More than 14.5 million business and technology professionals (CIOs, IT and IT Support managers, Web & Digital professionals, Software and Game developers, Government decision makers, and Telecom providers) actively participate in UBM TechWeb’s communities. UBM TechWeb brands includes: global face-to-face events such as Interop, Game Developers Conference (GDC), Web 2.0, Black Hat and VoiceCon; large-scale online networks such as InformationWeek, Light Reading and Gamasutra; research, training and certification services, including HDI, Pyramid Research and InformationWeek Analytics; and market-leading magazines such as InformationWeek and Wall Street & Technology. UBM TechWeb is part of UBM, a global provider of media and information services for professional B2B communities and markets.
Press contact:
Jennifer Baker
+1 617 871-1910
jbaker@pyr.com
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