Hong Kong’s telecom services market recovered in 2010, expanding 5.8% in local currency terms from 2009’s HK$34.8bn (US$4.5bn) to HK$36.8bn (US$4.7bn). This followed two straight years of revenue contraction caused in part by the global economic crisis. The recovery in Hong Kong’s telecom services market can be tied in part to a strong recovery in the economy; the EIU is currently projecting that Hong Kong’s economy will expand by 5.2% in 2011. It is also due, however, to robust growth in the mobile broadband market, which has been driven by the increasing popularity of smartphones and mobile computing devices such as tablets from vendors like Apple and Samsung. Mobile data will continue to be one of the fastest-growing segments of Hong Kong’s telecom services market, increasing at a CAGR of 12.9% between 2011 and 2016 in US dollar terms. By 2016, Hong Kong’s mobile data market will generate $2.0bn, exceeding the mobile voice market, Hong Kong’s largest telecom service segment in 2011. Hong Kong’s total fixed voice market will experience a modest 1.7% compound annual contraction between 2011 and 2016. Hong Kong’s mature fixed broadband market means that growth in this segment, anticipated to reach 1.6% CAGR between 2011 and 2016, will not be enough to offset the 3.6% compound annual decline in fixed circuit-switched.
Table of Contents
Executive Summary
Market and Competitor Overview
Hong Kong in a regional context
Economic, demographic and political context
Regulatory environment
Demand profile
Service evolution
Competitive landscape
Major market players
Segment analysis
Mobile services
Fixed services
Pay-TV
Identifying Opportunities
The Hong Kong Intelligence Report is the industry’s best available analysis on market trends, regulatory environments, and competitive dynamics, providing detailed competitive analysis on fixed and mobile sectors, tracking market adoption of new technologies and services such as WiMAX, IPTV, and VoIP.
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