The growing adoption of 5G services in Singapore is expected to boost the mobile data segment in the country, which in turn is set to drive mobile service revenue at a CAGR of 3% from 2022 to 2027, according to analytics company GlobalData.
According to the report, mobile service revenue in Singapore is projected to reach $2.1 billion by the end of the forecast period.
According to GlobalData’s ‘Singapore Mobile Broadband Forecast’ report reveals that mobile voice service revenue will decline at a CAGR of 4.6% over the forecast period due to the widespread consumer shift towards over-the-top (OTT) based communication platforms and the subsequent decline in voice service average revenue per user (ARPU) levels.
