Taiwan Telecom Market Size (2024 - 2029)

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.