(Telecom-NewsWire.Net, September 07, 2017 ) Telecommunications services are an essential part of every business, with 83% of small and medium sized enterprises agreeing that they would not be able to achieve their goals without them. The telecom market in the UK is one of the largest in Europe. It is highly competitive in the mobile and broadband sectors. According to a recent analysis, the economy has entered into an era of uncertainty post the Brexit referendum, though the telecom industry is not expected to be affected in the short term. Market Research Hub (MRH) has recently included a new study to its vast repository, which is titled as “The United Kingdom-Telecommunication Services: An attractive and competitive market (Strategy, Performance and Risk Analysis)”. This report offers an in-depth analysis of the U.K. market for telecommunication with key projections for the period 2016-2021.
This study provides a broad market view on industry risk & reward, key industry trends & drivers, industry benchmarking to compare key performance indicators with regional and global markets, competitive landscape and innovation. The first part of the report presents industry snapshot of telecommunication services in U.K. In terms of mobile subscriptions, the UK is the second largest market in western Europe. According to the study key highlights, with growing data penetration, coupled with a consistent rise in demand for data and high speeds, operators are largely investing in technology and network enhancement. Subscriptions for LTE-4G significantly increased at a CAGR of 455.1% during the review period, and are anticipated to grow at a CAGR of 10.9% over 2016-2021.
Key industry segments such as Voice, Data, Prepaid, Postpaid, Broadband, and IPTV are also highlighted in detail. Additionally, how is the market performing in terms of Revenues, Subscribers, ARPU and Customer Churn are detailed. The research identifies that the data and internet revenue outpaces voice revenue. Mobile data revenue increased at a CAGR of 1.6% during the review period, with expectations for the rise to continue at a CAGR of 3.2% during 2016-2021, to reach US$16,769.6 million. Also, the UKs customers, which highly depend on connectivity as a daily necessity, are experiencing an increase in mobile data traffic per subscriber every year. In that case, the rollout of 5G will further drive mobile data consumption. In order to provide the best options within the telecom industry, Ofcom is planning to choose 700 MHz, 3.4 to 3.8 GHz, and 26 GHz to roll out the technology.
The research further also highlights the leading players in the United Kingdom Telecommunications industry and their performance. In this part of the report, information is provided about latest business strategies adopted by market players along with insights on SWOT and financials.
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