Omdia: Mobile market sees highest revenue growth in 12 years

Omdia

2022/6/24 10:08

PR96594

 

LONDON, June 22, 2022 /PRNewswire=KYODO JBN/ --

 

Mobile revenues reached a new record of $210bn in Q1 2022, 5.5% higher than

last year, according to Omdia's [

https://omdia.tech.informa.com/?utm_source=mobilerevenue&utm_medium=PR&utm_campaign=SP

] analysis of global service providers and mobile markets. The mobile market

hasn't seen growth at this level since 2010 when 4G was launched and mobile

penetration was half of what it is today.

 

Photo -

https://mma.prnewswire.com/media/1843135/Omdia_Mobile_Services_Revenues.jpg

Photo -

https://mma.prnewswire.com/media/1843136/Omdia_Operators_and_revenue_growth.jpg

 

The increase was felt around the world, but some regions did better than

others. Central and Southern Asia including India, Pakistan, and Bangladesh,

recorded the highest annual growth at 14.5%. It was followed by Africa, the

Middle East, and Eastern Europe all showing annual growth rates between 9-10%.

North and South America also performed well with annual growth rates of 6.5%

and 7.8% respectively. At the bottom was Western Europe (2%) and the rest of

Asia (2.7%) which includes Australia, China, Indonesia, South Korea, and Japan.

 

Operators around the world are starting to see the benefits with 17 out of the

top 20 mobile operators experiencing growth in Q1. Bharti Airtel and Reliance

Jio saw double-digit revenue increases in India while operators in the US

posted annual growth near or above 5% such as Verizon (9.5%), T-Mobile (6.6%),

and AT&T (4.8%).

 

COVID recovery, 5G, and IoT were the three main core drivers of growth in Q1

2022 but there are other factors at play which may affect the market in the

future.

 

Ronan de Renesse, Omdia's Senior Research Director for Service Provider Markets

[ https://bit.ly/3QiKsFT ] said: "Will this success be short-lived? Probably

yes. Looking forward into Q2 2022 and beyond, we anticipate revenues to

continue to grow but at a slower pace than what was observed in Q1."

 

Tight COVID restrictions in China will negatively impact revenues in South-East

Asia. In Eastern Europe, the impact of the Russian-Ukraine conflict will be

more felt in Q2 and throughout the rest of the year as the hope of a resolution

is still unclear.

 

"Macro-economic factors such as inflation and the prospect of a global

recession will affect consumer propensity to spend on mobile services in the

future." adds de Renesse.

 

About Omdia

 

Omdia is a leading research and advisory group focused on the technology

industry. With clients operating in over 120 countries, Omdia provides

market-critical data, analysis, advice, and custom consulting.

 

Contact:

Fasiha Khan / T: +44 7503 666806 / E: fasiha.khan@omdia.com

 

Visit Omdia [

https://omdia.tech.informa.com/?utm_source=media&utm_medium=pressrelease&utm_campaign=AImarketmaturity

]

 

SOURCE  Omdia

 

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