Mobile services revenue in Australia to reach nearly US$15B by 2025

Three major operators including Telstra, Optus, and Vodafone Australia support the growth

Australia mobile services

Mobile services revenue in Australia to reach nearly US$15B by 2025. Source: pixabay.com

According to GlobalData, mobile services revenue in Australia is expected to maintain a CAGR of 15.4% and reach US$14.9 billion in 2025.

An analysis of GlobalData’s Australia Mobile Broadband Forecast Model reveals that the mobile voice revenues is expected to grow at a CAGR of 12.7% by 2025, driven by the steady rise in voice subscriptions.

As to mobile data service revenue, it’s anticipated to grow at a CAGR of 16.7% over the same period. It will be driven by the strong growth in the higher average revenue per user 5G subscriptions.

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Besides, the Australian government’s plans to auction high band 5G spectrum in H1 2021 for faster, high-capacity 5G services will pave way for the further evolution of the mobile services market in the country. Along with that, the government aims to allocate a low-band 5G spectrum in H2 2021 for broader geographic coverage of 5G services.

We’ve reported that mobile video calls users reached nearly 2 billion in 2020.

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