MEDIA RELEASE PR35923
IPTV, VoIP, Mobile Data to Drive Revenue Growth in South Korea's Telecom Market,
Finds Pyramid
CAMBRIDGE, Mass., Sept. 1 /PRNewswire-AsiaNet/ --
The main engines of growth in South Korea's telecom market from 2010 to
2014 will be services built around broadband technologies such as VoIP, IPTV,
and mobile data, according to the latest report from Pyramid Research
(www.pyr.com), the telecom research arm of the Light Reading Communications
Communications Markets in South Korea offers a precise, incisive profile
of the country's converged telecommunications, media, and technology sectors
based on proprietary data from our research in the South Korean market. The
29-page report provides detailed competitive analysis of both the fixed and
mobile sectors, tracks the market shares of technologies and services, and
monitors the introduction and spread of new technologies such as WiMax, IPTV,
and VoIP. This executive study provides a comprehensive view of the South
Korea communications market by analyzing key trends, evaluating near-term
opportunities and assessing upcoming risks factors. Download an excerpt of
this report here:
South Korea is one of the most advanced communications markets in the
world with its 75 percent household fixed broadband penetration rate and 86
percent mobile user penetration rate at year-end 2008. "Despite the expected
decline in service revenue in 2009 in U.S. dollar terms, Pyramid Research
expects the market to rebound and to grow at a CAGR of 4.9 percent during the
next five years, generating $29.5 billion by 2014," notes Tae Hyung Kim,
analyst at Pyramid Research and author of the report. The main engines of
growth from 2010 to 2014 will be services built around broadband technologies
such as VoIP, IPTV, and mobile data. "Due to near saturation in the fixed
market, operators are turning to value-added services such as VoIP, IPTV, and
broadband applications to create additional revenue streams," says Kim.
VoIP subscribers increased eight-fold from just 0.3 million subscribers
in 2006 to 2.5 million in 2008 due to the enactment of VoIP number
portability and Pyramid expects the trend to continue throughout the forecast
period. "With 18.8 million pay-TV subscriptions in a country of 17.6 million
households, South Koreans are familiar with the idea of paying money for
premium content," says Kim. "Although cable TV operators dominate the scene
with 77 percent share of the pay-TV market, IPTV is a real threat, which all
three fixed operators launched in the first quarter of 2009," he explains.
With the regulatory obstacles cleared, attractively priced and bundled with
other services will enable IPTV to account for 27 percent of pay-TV
subscriptions by year-end 2014.
South Korea has one of the lowest levels of mobile data usage among
developed markets, largely because of a history of nontransparent and
exorbitantly high pricing for content. South Korean consumers, however, are a
prime target for mobile content given their familiarity and comfort with
online content. "Re-education combined with transparent and affordable
pricing levels should be all that is needed to reignite the mobile content
market in South Korea," Kim says.
Communications Markets in South Korea is part of Pyramid Research's
Asia/Pacific Country Intelligence Report Series. Pyramid Research's premium
Country Intelligence Reports are the industry's best available analysis on
market trends, regulatory environments, and competitive dynamics for 60
countries worldwide. Download an excerpt of this report here:
Communications Markets in South Korea is priced at $990 and can be
purchased online here:
through Amalia Vega via email at avega@pyr.com or telephone at
+1 809 330 4520.
For more information about Pyramid Research's products and services,
please visit www.pyr.com or contact us at info@pyr.com.
About Pyramid Research
Pyramid Research (www.pyr.com) offers practical solutions to the complex
demands our clients face in the telecommunications, media and technology
industries. Our analysis is uniquely positioned at the intersection of
emerging markets, emerging technologies and emerging business models, powered
by the bottom-up methodology of our market forecasts for over 100 countries -
a distinction that has remained unmatched for more than 25 years. As the
telecom research arm of the Light Reading Communications Network, Pyramid
Research works with Heavy Reading, providing the communications industry's
most comprehensive market data, trusted research and insightful technology
analysis.
About Light Reading
online media, research, and focused event company serving the $3 trillion
worldwide communications market. Lightreading.com is the ultimate source for
technology and financial analysis of the communications industry, leading the
media sector in terms of traffic, content, and reputation. Light Reading's
research arms, Heavy Reading and Pyramid Research, provide the most
comprehensive communications research, market data, and technology analysis
in close to 100 markets around the world. Light Reading produces nearly 20
targeted communications events including TelcoTV, Ethernet Expo New York and
Ethernet Expo London, The Tower Summit @ CTIA, and Optical Expo, as well as
focused one-day events tailored for cable, mobile, and wireline executives.
Light Reading was acquired by United Business Media in August 2005 and
operates as a unit of TechWeb.
About TechWeb
technology media, is an innovative business focused on serving the needs of
technology decision-makers and marketers worldwide. TechWeb produces the most
respected and consumed media brands in the business technology market. Today,
more than 13.3 million* business technology professionals actively engage in
our communities created around our global face-to-face events, Interop, Web
2.0, Black Hat, and VoiceCon; online resources such as the TechWeb Network,
Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and
The Financial Technology Network; and the market leading, award-winning
InformationWeek, TechNet Magazine, MSDN Magazine, and Wall Street &
Technology magazines. TechWeb also provides end-to-end services including
next-generation performance marketing, integrated media, research, and
analyst services. TechWeb is a division of United Business Media, a global
provider of news distribution and specialist information services with a
market capitalization of more than $2.5 billion.
*13.3 million business decision-makers: based on number of monthly
connections
About United Business Media Limited
UBM (UBM.L) focuses on two principal activities: worldwide information
distribution, targeting and monitoring; and, the development and monetization
of B2B communities and markets. UBM's businesses inform markets and serve
professional commercial communities - from doctors to game developers, from
journalists to jewelry traders, from farmers to pharmacists - with integrated
events, online, print, and business information products. Our 6,500 staff in
more than 30 countries are organized into specialist teams that serve these
communities, bringing buyers and sellers together, helping them to do
business and their markets to work effectively and efficiently. For more
Press contact:
Jennifer Baker
+1 617 871-1910
jbaker@pyr.com
SOURCE: Pyramid Research
CONTACT: Jennifer Baker,
+1-617-871-1910,
jbaker@pyr.com
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