Turkey Telecom Market Size (2024 - 2029)

Turkey Telecom Market Analysis

The Turkey Telecom Market size is estimated at USD 8.14 billion in 2024, and is expected to reach USD 9.68 billion by 2029, growing at a CAGR of 3.52% during the forecast period (2024-2029).

The telecom market in the country has undergone significant transformation over the past few years due to various initiatives taken by the government to boost the country's internet infrastructure and broadband connection, growth in 5G deployments across the country, growth in data consumption from businesses and individuals, and various innovations by the major telecom market vendors operating in Turkey.

• Turkey has a growing mobile phone penetration rate, with many people now owning smartphones. Smartphone affordability, coupled with competitive mobile plans offered by telecom operators, has contributed to this surge in mobile adoption.

• For instance, as per the report by GSMA in January 2024, the number of mobile connections in Turkey accounted for 93.8% of the total population. With a growing percentage of the population using smartphones, the enhanced service quality offered by operators, and technology and infrastructure upgrades, the number of internet users is expected to increase further.

• As broadband access expands throughout Turkey, the population gains access to high-speed internet services. Consequently, there is a surge in demand for internet-based offerings like streaming, online gaming, and video conferencing, which fuels revenue growth for telecom firms providing these services. According to the ITU's report on the Digital Economy, Turkey's internet penetration is projected to increase during the forecast period. The penetration rate is expected to reach 82.3% this year and rise to 84.6% in the next two years.

• Satellites can provide broadband internet access to remote and underserved areas where terrestrial infrastructure is limited or unavailable. This extends the reach of telecom services, enabling more people to participate in the digital economy, access online education, and benefit from services like telemedicine.

• In recent years, Turkey has made significant investments in developing and implementing satellite-based internet technology. This innovative approach promises to deliver internet coverage to even the most remote areas, opening up new avenues for communication and connectivity. Scheduled for launch in 2024, Türksat 6A represents Turkey's first domestically developed communication satellite. The Türksat 6A project is a collaborative effort involving TAI, ASELSAN, TÜBİTAK UZAY, and CTech. Within this project, CTech Information Technologies, specializing in defense, security, aviation, space, telecom, and broadcasting, is responsible for producing telemetry and telecommunication subsystems for Türksat 6A.

• Restrictive internet policies can have detrimental effects on the telecom industry. They may deter companies from investing in network expansion or new services due to uncertainties surrounding future regulations or censorship measures. This reluctance to invest can impede technological advancement and innovation, ultimately stifling market growth and competitiveness.

• The Information and Communications Technologies Authority (ICTA) enacts license agreements, monitors the telecommunications sector, regulates personal telecommunications facilities, and develops standards for telecommunications equipment. The primary role of the authority is to protect consumer rights, promote fair competition, and foster innovation and investment in the telecommunications industry. To ensure the smooth functioning of the telecommunication industry, the country has enacted comprehensive laws and regulations that govern telecommunication activities.

Turkey Telecom Industry Segmentation

The Turkish telecom market study tracks the revenues generated through the sale of various telecom services (data, voice, messaging, roaming, etc.) provided by major telecom companies to end users (consumers and enterprises) in Turkey.

The Turkish telecom market is segmented by telecom services (voice services (wired, wireless), data and messaging services, OTT and payTV services). The report offers market forecasts and size in value (USD) for all the above segments.