TELECOMMUNICATION and pay-TV services revenue in the Philippines is expected to increase at 4 percent compound annual growth rate during 2021-2026, according to the forecast of GlobalData, a data and analytics company.“Pay-TV services revenue in the country is set to grow over the forecast period in line with the steady increase in [direct to home] DTH subscriptions and robust growth in [internet protocol television] IPTV subscriptions,” GlobalData said in a statement on Thursday.
Based on the data presented by GlobalData, mobile data and messaging will grow by 7.2 percent annually within the 2021-2026 period. For 5G, GlobalData’s analyst also noted that it will, however, increase at a “brisk pace” over the forecast period, supported by 5G network expansion efforts by operators like PLDT and Globe Telecom across the country.
With this, Iqbal said, “The acceleration in the adoption of fiber-optic broadband services in the Philippines can be primarily attributed to the rising demand for high-speed data services and the expansion of fiber-optic network infrastructure by local government and service coverage by operators.”
Source: News Formal (newsformal.com)
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