Australian mobile service revenues will reach $15.6 billion by 2026
Australian mobile service revenues are expected to reach US$11.2 billion ($15.6 billion) by 2026, driven primarily by mobile data services.
According to research firm GlobalData, this revenue growth in the Australian mobile services market is representative of a five-year compound annual growth rate (CAGR) of 3%, up from $9.6 billion. of 2021 ($13.4 billion).
The company affirmed, through the analysis of its Australia Mobile Broadband Forecast Model (Q4-2021)that mobile data service revenue is expected to increase at a CAGR of 4.1% over the period due to increased adoption of 5G services, which in turn will lead to higher average revenue per user (ARPU) raised.
Meanwhile, mobile voice revenue is expected to decline at a CAGR of 0.3%.
“While 3G service subscription is expected to decline sharply over the forecast period, 5G service will see its subscriptions overtake that of 4G service in 2024 and become the dominant mobile technology, capturing 68% of total mobile subscriptions. by the end of the forecast. period,” said Deepa Dhingra, principal telecommunications analyst at GlobalData.
“This growth in 5G subscriptions will be primarily driven by ongoing 5G network extensions by major carriers – Telstra, Optus and TPG Telecom.”
While an increase in 5G services should improve mobile networks in general, it should also be a boon for the channel, especially in the area of security.
Technology research firm ABI Research claimed that global 5G security revenue will grow over the period 2021-2026 by a CAGR of 41.4%, reaching US$11.7 billion (US$16.3 billion). of dollars).
This shows that there is a potential opportunity for managed security service providers (MSSPs) to exploit 5G and enrich their own service offerings, according to Michela Menting, research director at the technology research firm.
“Network security technologies (firewalls, IDS [intrusion detection system]/IPS [intrusion prevention system]SIEM [security information and event management]Anti DDoS [distribution denial of service]etc.) will be in high demand to secure 5G mobile infrastructure and bring new security value propositions to enterprise customers, including as a URLLC [ultra-reliable low-latency communication] and mMTC [massive machine-type communications] apps are emerging,” she said.
“There is a significant opportunity to meet enterprise market demand for network cybersecurity through various sales models (direct sales and partnerships) with plenty of room for a rich and diverse vendor ecosystem to thrive, from pure-play cybersecurity providers to communication, from network service and equipment providers to hyperscalers.”
Meanwhile, Dhingra said Telstra is expected to lead the mobile services market in the country based on mobile subscriptions in 2021, with Optus in second and TPG in third.
“Telstra will retain its leadership position through 2026 with plans to increase the reach of its 5G network to 95% of the population from the existing 75%, while doubling metropolitan cells to improve speed and capacity. 5G by 2025,” the GlobalData analyst added. .
GlobalData’s analysis comes days after TPG Telecom signed a decade-long network sharing agreement with Telstra, giving it access to 3,700 of the latter’s mobile network assets.
Under the agreement, Telstra will gain access and deploy infrastructure to up to 169 existing TPG Telecom mobile sites as well as part of its existing 4G and 5G spectrum in regional areas.
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Tags TelstraoptusTPG TelecomGlobalData