Consumer Spending and Investment-Led Growth in Hong Kong’s Mobile Market - TelecomLead

Consumer spending and investment-led growth in Hong Kong’s mobile market - TelecomLead

Hong Kong’s mobile services market is set to experience revenue growth at a compound annual growth rate (CAGR) of 1.2 percent, rising from $2.7 billion in 2024 to $2.9 billion in 2029, according to GlobalData. This growth will be largely fueled by increasing consumer spending on mobile data services, as demand for high-speed connectivity and data-intensive applications continues to rise. 5G base station in Chongqing, southwest China Consumer pre…

Mobile service revenue in Hong Kong to increase at 1.2% CAGR over 2024-2029, forecasts GlobalData

Hong Kong’s mobile services market will see moderate growth in its revenue at a compound annual growth rate (CAGR) of 1.2% from $2.7 billion in 2024 to $2.9 billion in 2029, mainly supported by growth in mobile data service segment, while mobile voice service revenue continues to decline, forecasts GlobalData, a leading data and analytics company. GlobalData’s Hong Kong Mobile Broadband Forecast (Q1-2025) reveals that mobile voice service revenu…