OPINION
There is no denying that fixed-line voice service, as a standalone business, has
reached its peak, and the market is expected to remain stable during the forecast
years in the Asia/Pacific (Excluding Japan) or APEJ region. Key findings of this study
are:
Revenue from voice services in APEJ amounted to US$64.4 billion in 2007,
reflecting a year-over-year (YoY) increase of 5.6%. PSTN accounted for 77.3%
of revenue while VoIP service contributed another 8.2%. Wireless local loop
(WLL) services accounted for the remaining 13.7%. China, Australia, and South
Korea were the biggest markets in APEJ, constituting 55.2%, 11.1%, and 10.2%
of total regional revenues, respectively.
Revenues from voice services are expected to reach US$64.7 billion in 2012,
reflecting a five-year compound annual growth rate (CAGR) of 0.1%. PSTN will
still account for 67.4% of revenue while VoIP will grow to 12.4%, and WLL to
19.7%. China, India, and Australia are expected to be the largest markets in
APEJ.
Even though revenues from VoIP and WLL services are on the rise, operators in
the region have started to prepare for the new frontier where voice may become
a complimentary add-on to higher value communications services, such as IP
television (IPTV) or data services. Within the region, many service providers
(SPs) have launched bundled packages to test market response. Additionally, it
is worth noting that almost all incumbents have either launched or are in the
process of developing an IPTV service as they seek alternative revenue streams.
In addition to IPTV, operators are exploring ways to leverage unified
communications (UC) to improve average revenue per user (ARPU). Hong
Kong’s PCCW’s "eye" multimedia service, which combines broadband content
and applications with voice service, is one of the first prototypes. PCCW is
expecting "eye" to help it maintain its fixed-line subscription base while
generating higher ARPU. Operators in the region are looking closely at the model
and may introduce their own variation of the service during the forecast period.
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