Smart Nation Initiative to Drive Singapore Next Generation Connectivity Market through 2023
Increasing
digitization, rapid adoption of connectivity services & solutions, high
internet & smartphone penetration and Smart Nation Initiative to drive
Singapore next generation connectivity market through 2023
According to TechSci Research report, “Singapore Next Generation Connectivity Market By Technology
Type, By Type of User, By Services, Competition Forecast and Opportunities, 2013 - 2023’’, next
generation connectivity services market is gaining traction in Singapore and is
projected to cross $ 6.6 billion by 2023, owing to increasing demand from
carriers offering OTT (Over the Top) content services and growing popularity of
enterprise mobility in the country. Moreover, next generation nationwide broadband network initiative
by the government of Singapore for laying optical fiber cable infrastructure
across the country, combined with growing penetration of smartphones and
internet is leading to high demand for next generation connectivity services by
carrier providers. Additionally, increasing digitization is further likely to
propel growth in Singapore next generation connectivity market in the coming
years.
Browse 27
market data Figures spread through 80
Pages and an in-depth TOC on
"Singapore Next Generation Connectivity Market" https://www.techsciresearch.com/report/singapore-next-generation-connectivity-market/3047.html
On the basis of type, Singapore next generation
connectivity market is segmented into Internet, Fiber Network, DWDM and Metro
Ethernet. Internet segment dominated the market and is likely to continue its
dominance in the country’s next gen connectivity market during the forecast
period as well. However, connectivity services offered over DWDN
infrastructure are growing at a significant pace, due to increasing need for
high speed LAN-to-LAN connectivity, disaster recovery, etc. In 2017, Central & East region accounted for
the largest revenue share in Singapore next generation connectivity market on the
back of high demand for internet services from home and business users and
increasing smartphone users in the region.
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“Rising
demand for high speed broadband services among different end users is driving
the Singapore next generation connectivity market. Moreover, increasing market
competition is leading to reduction in prices of connectivity services, which
in turn, is boosting the adoption of connectivity services. Additionally,
significant growth in the fiber network infrastructure of the country, growing
acceptance of enterprise mobility by companies and rising mobile data services
revenue would further steer growth in Singapore next generation connectivity
market in the coming years.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
“Singapore
Next
Generation Connectivity Market By Technology Type, By Type of User, By Services, Competition
Forecast and Opportunities, 2013 - 2023” has evaluated the future growth
potential of Singapore next generation connectivity market and provides
statistics and information on market size, structure and future market growth. The
report offers decision makers superior market intelligence, thereby enabling
them to conduct thorough investment appraisal. Besides, the report also analyzes the evolving market trends along with major
drivers, challenges and opportunities in Singapore next generation connectivity
market.
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