Data and analytics company GlobalData has predicted that Taiwan’s fixed broadband service revenue will increase at a compound annual growth rate (CAGR) of 4.3% over 2022–2027.
According to its forecast, Taiwan’s fixed broadband service revenue is poised to increase from $1 billion in 2022 to $1.3 billion in 2027, thanks to the continued rise in cable and fiber-optic broadband subscriptions.
GlobalData’s Taiwan Fixed Communications Forecast (Q3-2022) reveals that total fixed broadband lines will increase at a CAGR of 5.1% during 2022–2027, driven by growing cable subscriptions and the increasing availability and adoption of high-speed fiber broadband services in the country.
Hrushikesh Mahananda, telecom research analyst at GlobalData, comments: “Fiber optics lines will account for the largest share of the overall fixed broadband lines through the forecast period, supported by the rising demand for higher-speed broadband connectivity and operator focus on fiber-optic network service expansions in the country. As a result, fiber optic service revenue is expected to increase at a CAGR of 5.5% during 2022-2027.”
Cable broadband lines will increase at a CAGR of 5.7% over the forecast period due to their comparatively lower costs than fiber broadband services.
Mahananda concludes: “Chunghwa Telecom led the fixed broadband services market in terms of subscriptions in 2021 and will remain the leading company through 2027. This can be primarily attributed to its strong presence in both DSL and FTTH segments and investments on fiber network improvements in the country. The operator’s promotional offers on broadband plans will also help it maintain leadership over the forecast period.”