Mobile Services Market in APAC to Increase Focus on B2B and B2B2C Segments
May 24, 2019 | Frost & SullivanEstimated reading time: 2 minutes
The mobile services market in Asia-Pacific (APAC) is expected to focus more on business models for the Business-to-Business (B2B) or Business-to-Business-to-Consumer (B2B2C) segments as a result of declining revenue from traditional services.
Frost & Sullivan reported that 53% of services launched by mobile network operators in Asia-Pacific over 2017 to 2018 were consumer services, whereas the remaining 47% were services targeted at enterprises.
“There is significant untapped potential in the B2B segment as we are witnessing a growing demand from SMEs and enterprise customers for digital transformation. As more businesses go digital, the demand for ICT end-to-end services will increase,” said Mei Lee Quah, associate director, information and communication technology at Frost & Sullivan.
Frost & Sullivan’s recent report, Asia-Pacific Mobile Services Market, Forecast to 2023, provides detailed analysis on the mobile services market, revenue forecast, market trends, business case studies and growth strategies.
“The slow projected growth of 2% CAGR between 2018 and 2020 is driving mobile network operators to innovate for new revenue streams, cost reduction, and improvements in core services,” added Sofea Zukarnain, Research Associate, Information and Communication Technology at Frost & Sullivan.
The deployment of 5G networks in 2019 will further boost B2B segment services as the technology will enable mobile network operators to provide new services and transform early implementations of cloud-based services such as Artificial Intelligence (AI) and Augmented and Virtual Reality (AR/VR) services. Frost & Sullivan estimates that by 2023, only 25% of services will cater to consumers, whereas the remaining 75% will cater to enterprises.
Frost & Sullivan highlights growth opportunities in the Asia-Pacific mobile services market, mainly:
- Network Functions Virtualization (NFV)—The NFV market has grown as a result of the increasing trend toward mobility in enterprise IT infrastructure.
- Cloud Computing—There is potential for mobile network operators to partner with cloud service providers to improve business efficiency and expand new services.
- Cybersecurity—Growth opportunities exist for Managed Security Service Providers (MSSPs) to succeed in enterprise security services. Security is particularly important in the 5G era.
- Augmented and Virtual Reality—AR/VR-based services will boost mobile data usage for businesses and consumers, which ultimately increases revenue for mobile network operators.
About Frost & Sullivan
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success.
Suggested Items
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).
Technica USA Presents Inaugural Supplier Alliance Award at IPC APEX EXPO 2024
04/24/2024 | Technica USADuring IPC APEX EXPO 2024, Technica USA took the opportunity to thank all of their supply partners that made the effort to join them for the exhibition in their booth, as well to all of our SMT partners that had their own booths, with the latest in automation and process technology.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.