Mobile Service Revenue in Australia Set to Surge to $10.8 bn

Australia’s mobile service revenue is forecasted to escalate from $8.7 billion in 2023 to $10.8 billion by 2028.
Australia 5G business forecastThe expected CAGR of 4.5 percent in mobile service revenue in Australia is primarily attributed to the burgeoning mobile data service revenues, GlobalData said in its latest Australia Mobile Broadband Forecast for Q4 2023.

GlobalData said the surge in mobile data service revenue is expected to counterbalance the decline in mobile voice service revenue over the forecast period.

Mobile voice service revenue in Australia is slated to decrease at a CAGR of 1.6 percent from 2023 to 2028, owing to consumer preferences shifting towards Over-the-Top (OTT) communication platforms.

Mobile data revenue in Australia is poised for a notable increase at a CAGR of 5.7 percent during the same timeframe. This surge is propelled by factors such as the continuous upsurge in mobile internet subscriptions, escalating adoption of 5G services, and an augmentation in mobile data average revenue per user (ARPU).

“The average monthly mobile data usage in Australia is expected to increase from 14.4 GB in 2023 to 28.7 GB in 2028, driven by the growing consumption of online video and social media content over smartphones, thanks to data-centric offers extended by telcos with their 4G and 5G service plans,” Sarwat Zeeshan, Telecom Analyst at GlobalData, said.

GlobalData anticipates a surge in 5G service adoption, driven by escalating consumer demand for high-speed connectivity and the continuous expansion of 5G networks by major telecom operators across the nation.

Notably, TPG Telecom is actively deploying 1,000 additional 5G mobile sites each year from 2023 until 2025. By 2028, 5G subscriptions are projected to constitute the majority, with an 82.4 percent share of total mobile subscriptions.

Telstra has emerged as the leading player in the mobile services market in Australia in terms of mobile subscriptions in 2023, closely followed by Optus and TPG Telecom.

Telstra is poised to maintain its dominance through 2028, bolstered by its robust focus on 5G network expansion and modernization. Telstra aims to achieve 5G coverage for 95 percent of the country’s population by 2025, GlobalData said. News Desk