Global Market Research Company US Singapore Next Generation Connectivity Market Fore | Page 7

Industry Brief
Smart Nation Initiative to Drive Singapore Next Generation Connectivity Market through
2023
According to TechSci Research report, “Singapore Next Generation Connectivity Market By Technology Type, By Type
of User, By Services, Competition Forecast and Opportunities, 2013 - 2023’’, next generation connectivity services
market is gaining traction in Singapore and is projected to cross $ 6.6 billion by 2023, owing to increasing demand from
carriers offering OTT (Over the Top) content services and growing popularity of enterprise mobility in the country.
Moreover, next generation nationwide broadband network initiative by the government of Singapore for laying optical
fiber cable infrastructure across the country, combined with growing penetration of smartphones and internet is
leading to high demand for next generation connectivity services by carrier providers. Additionally, increasing
digitization is further likely to propel growth in Singapore next generation connectivity market in the coming years
On the basis of type, Singapore next generation connectivity market is segmented into Internet, Fiber Network, DWDM
and Metro Ethernet. Internet segment dominated the market and is likely to continue its dominance in the country’s
next gen connectivity market during the forecast period as well. However, connectivity services offered over DWDN
infrastructure are growing at a significant pace, due to increasing need for high speed LAN-to-LAN connectivity, disaster
recovery, etc. In 2017, Central & East region accounted for the largest revenue share in Singapore next generation
connectivity market on the back of high demand for internet services from home and business users and increasing
smartphone users in the region.
“Rising demand for high speed broadband services among different end users is driving the Singapore next generation
connectivity market. Moreover, increasing market competition is leading to reduction in prices of connectivity
services, which in turn, is boosting the adoption of connectivity services. Additionally, significant growth in the fiber
network infrastructure of the country, growing acceptance of enterprise mobility by companies and rising mobile data
services revenue would further steer growth in Singapore next generation connectivity market in the coming
years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
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