China Telecom Market Size (2024 - 2029)

China Telecom Market Analysis

The China Telecom Market size is estimated at USD 491.90 billion in 2024, and is expected to reach USD 562.27 billion by 2029, growing at a CAGR of 2.71% during the forecast period (2024-2029).

Over the past three decades, China's telecommunications sector has undergone several waves of liberalization and privatization-related reforms. One of the world's biggest marketplaces for communications today is China. The Chinese telecoms sector has undergone several changes and impressive developments in recent years.

• According to official figures, China's telecoms industry had sustained growth in the first seven months of this year. 944.2 billion yuan (USD 137.87 billion) was the total industrial income, up 8.3% year over year, according to the Ministry of Industry and Information Technology. During this time, emerging industries like big data, cloud computing, internet data centres, and the Internet of Things saw fast growth. According to China's Ministry of Industry and Information Technology (MIIT), the country's three telecom players, China Telecom, China Mobile, and China Unicom saw a 35.1 per cent increase in emerging business income yearly to 184.3 billion yuan (USD 25.71 billion).
• New players now have chances to improve the telecom ecosystem on the back of 5G deployment. Whether or not they are successful, the most recent 5G launch demonstrates how the number of participants is growing. According to GSMA Intelligence, 198 operators have introduced 5G services, including FWA, in 77 markets as of Q1 of the previous year. 5G connections made up 8% of all mobile connections worldwide. 85% of the USD 620 billion worldwide mobile CAPEX that operators are predicted to spend on 5G between last year and 2025. With 68% of all 5G connections worldwide as of Q1 of the previous year, China is a significant 5G market. Chinese operators intend to collectively install 2 million 5G base stations by the end of last year.
• The digital transformation in China is opening opportunities not just for people inside its borders but also for enterprises worldwide. For enterprises worldwide, it will be crucial to comprehend this enormous shift in the Chinese market's use of technology and how to capitalize on it. Since customers spend more money online at established e-commerce sites, this expansion has been centered on them. According to an All-China Review, China's gross domestic product (GDP) growth between 2013 and 2025 may be attributed to 7 and 22% of the country's upcoming digital revolution.
• However, the United States authorities have recently targeted Chinese telecom and technology companies due to national security concerns. In November 2021, President Joe Biden signed legislation prohibiting organizations deemed a security danger from obtaining new telecom equipment licenses. The Secure Equipment Act mandates that the Federal Communications Commission (FCC) cease to review applications from risk-prone organizations. This prohibits the use of equipment from Huawei, ZTE, and three other Chinese businesses in the US telecommunications network. Also, during the same time, the United States government added a dozen Chinese firms to its list of entities with whom it has prohibited trade, citing national security and foreign policy concerns.
• The COVID-19 pandemic made people aware of how strong the telecommunication network is to Chinese finance, business, and the economy. According to GSMA research, mobile networks have played a crucial role in sustaining social and economic activity during the epidemic by supplying connections. During the pandemic, the volume of mobile data traffic in China increased by 40% compared to the previous month. However, despite this increase, the analysis concluded that networks were mainly robust, underscoring operators' major recent expenditures in cutting-edge networks.

China Telecom Industry Segmentation

Telecom or Telecommunication is the long-range transmission of information by electromagnetic means.
China Telecom Market includes in-depth trend analysis based on connectivity like Fixed Networks, Mobile Networks, and Telecom Towers. The telecom services are divided into Voice Services (Wired and Wireless), Data and Messaging Services, OTT, and PayTV Services. Several factors, including an increasing demand for 5G, likely drive the adoption of telecom services.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.