logo

Taiwan Telecom Market Size (2024 - 2029)

The Taiwan telecom market is experiencing growth driven by the adoption of advanced technologies and a strong focus on research and development, manufacturing, and innovation. Key players in the ICT sector are enhancing Taiwan's position in the global telecom landscape, particularly in the development of Open RAN applications. The increasing demand for 5G solutions is fostering collaborations between telecom software providers and local hardware suppliers, as the industry shifts towards software-defined and cloud-based architectures. Initiatives by the Ministry of Digital Affairs, such as the 5G Private Network Project, are further encouraging partnerships to expand market share. Despite challenges posed by the COVID-19 pandemic, the demand for telecom services has surged, prompting Taiwanese vendors to offer competitive voice, data, and OTT services to meet rising subscriber needs.

Home Market Analysis Technology, Media and Telecom Research Telecom Research Taiwan Telecom Market Market Size

Market Size of Taiwan Telecom Industry

Taiwan Telecom Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 10.57 Billion
Market Size (2029) USD 12.53 Billion
CAGR (2024 - 2029) 3.46 %
Market Concentration Medium

Major Players

Taiwan Telecom Market Major Players

*Disclaimer: Major Players sorted in no particular order

Taiwan Telecom Market Analysis

The Taiwan Telecom Market size is estimated at USD 10.57 billion in 2024, and is expected to reach USD 12.53 billion by 2029, growing at a CAGR of 3.46% during the forecast period (2024-2029).

  • The adoption of advanced technologies drives the Taiwanese telecom market growth, with a robust focus on R&D, manufacturing, and innovation bolstered by key players like Foxconn, TSMC, and HTC. These players bolster Taiwan's ICT sector and contribute significantly to the overall tech landscape.
  • Taiwan's ICT industry played a pivotal role in the introduction of Rakuten Mobile's Open RAN service in Japan, leveraging its position as a hub for many of the country's core telecom hardware suppliers. Encouraged by this success, Taiwan's industry leaders are now eyeing a larger share of the total telecom supplier industry, traditionally dominated by European players, by developing their own Open RAN applications.
  • As the demand for 5G solutions surges, there's a notable trend of Taiwan's telecom software providers collaborating with local hardware suppliers. With the evolution of networks towards software-defined, virtualized systems and cloud-based architectures, Taiwan's hardware manufacturers are actively seeking partnerships with global entities to craft innovative telecom applications.
  • In June 2023, Taiwan's Ministry of Digital Affairs (MODA) launched the 5G Private Network Project, introducing licenses spanning up to a decade. US telecom software and cloud service providers are urged to forge partnerships with Taiwanese counterparts under this initiative.
  • In April 2023, MODA took a significant step by inviting Internet service providers to seek proof-of-concept licenses for its Digital Resilience Verification Program. This program evaluates the efficacy of non-synchronous LEO satellites as a backup network during natural or manmade disasters.

Taiwan Telecom Industry Segmentation

Basic telecommunications services encompass public network infrastructure, data transmission, and essential voice communication services. These include fixed and mobile phone services, network and data communication, and information services. In Taiwan's telecom market, vendors provide various services, spanning voice, video, Internet, and communication services. Voice services, whether wired or wireless, are a key facet of these offerings, driving market growth in Taiwan.

The Taiwanese telecom market report is segmented by services (voice services (wired and wireless), data and messaging services, and OTT and PayTV services). The market size and forecasts are provided in terms of value (USD) for all the above segments.

By Services
Voice Services
Wired
Wireless
Data and Messaging Services (Coverage to include Internet & Handset Data packages, and Package Discounts)
OTT and PayTV Services
Need A Different Region Or Segment?
Customize Now

Taiwan Telecom Market Size Summary

The Taiwanese telecom market is experiencing a dynamic transformation driven by the adoption of advanced technologies and a strong emphasis on research and development. Key industry players such as Foxconn, TSMC, and HTC are instrumental in bolstering Taiwan's ICT sector, contributing significantly to the tech landscape. The market is witnessing a shift towards software-defined, virtualized systems and cloud-based architectures, with telecom software providers collaborating with local hardware suppliers to meet the surging demand for 5G solutions. Initiatives like the 5G Private Network Project and the Digital Resilience Verification Program underscore the government's commitment to enhancing telecom infrastructure and fostering innovation. Despite challenges posed by the COVID-19 pandemic, the demand for voice and data services has surged, driven by increased reliance on wireless traffic and the growing popularity of remote work and streaming platforms.

The market is semi-consolidated, with major companies like Chunghwa Telecom, Far EasTone Telecommunications, and Taiwan Mobile leading the charge in introducing innovative products and forming strategic partnerships. The rapid deployment of 5G networks and the maturation of the device ecosystem have accelerated 5G adoption, while the adoption of cloud-native architecture is becoming crucial for communication service providers. The rise of over-the-top (OTT) platforms is reshaping content consumption habits, with platforms like Netflix, YouTube, and Disney+ gaining prominence. Collaborations with global entities and strategic partnerships, such as those with Fujitsu and AWS, are paving the way for high-capacity, low-latency networks and enhanced service offerings. These developments are poised to drive growth in Taiwan's telecom market, positioning it as a key player in the global telecom landscape.

Explore More

Taiwan Telecom Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Assessment of the Impact of COVID-19 on the Industry Ecosystem

    4. 1.4 Regulatory Landscape in the Taiwan

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Services

      1. 2.1.1 Voice Services

        1. 2.1.1.1 Wired

        2. 2.1.1.2 Wireless

      2. 2.1.2 Data and Messaging Services (Coverage to include Internet & Handset Data packages, and Package Discounts)

      3. 2.1.3 OTT and PayTV Services

Taiwan Telecom Market Size FAQs

The Taiwan Telecom Market size is expected to reach USD 10.57 billion in 2024 and grow at a CAGR of 3.46% to reach USD 12.53 billion by 2029.

In 2024, the Taiwan Telecom Market size is expected to reach USD 10.57 billion.

Taiwan Telecom Market Report Snapshots

Taiwan Telecom Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)