Bangladesh Telecom Market Size

Telecommunication in Bangladesh Market Analysis

The Bangladesh Telecom Market size is estimated at USD 4.87 billion in 2024, and is expected to reach USD 5.86 billion by 2029, growing at a CAGR of 4.31% during the forecast period (2024-2029).

Bangladesh is evolving rapidly as Vision 2041 becomes a reality. Bangladesh's viewpoint plan is to become an upper-middle-income country by 2031 and a high-income country by 2041. The goal is to be applied mainly through digital and internet technologies. Digital inclusion is essential to this transformation, and an inexpensive and dependable connection is necessary for the government to achieve its Vision 2041 goals.

• The fifth generation (5G) age of telecommunication is progressively growing in Bangladesh. Low latency, faster download speeds, improvements in virtual reality, augmented connectivity for billions of devices, artificial intelligence, and the Internet of Things are among a few things 5G can provide in Bangladesh. These developments can potentially transform the lifestyle of people throughout the country. Innovative healthcare, improved logistics, and modernized mining are all expected to emerge from its utilization.
• The telecom industry in the country is dominated by market players such as Robi Axiata, Grameenphone, and Banglalink. The telecom industry has seen robust growth with augmented mobile penetration, a rising number of internet users, and expanding 4G coverage. Industry partnerships and regulatory initiatives endure to drive advancements, further increasing development in the sector.
• Fixed broadband subscriptions in Bangladesh are expected to grow owing to the rising demand for high-speed internet access, driven by remote work, rising digitalization, the growing popularity of streaming services, and online education. Additionally, government investments and initiatives in increasing broadband infrastructure can contribute to fixed broadband subscription growth by making it more affordable and accessible for a larger population.
• As established by the planning ministry officials, the Government of Bangladesh is moving forward with the rollout of mobile internet services such as fifth-generation (5G) through state-run network provider Teletalk. At first, the 5G network is anticipated to be only accessible at important commercial and governmental institutions run by the two Dhaka municipal organizations.
• Connectivity has become crucial for social activity and sustaining the economy after the COVID-19 pandemic in Bangladesh. Telecommunication is vital in the country for enabling educational institutions and companies to constantly be active and provide people a way to work, socialize, and access several life-improving services. Mobile service suppliers in Bangladesh have retorted to the difficulties initiated by the pandemic by assuring that mobile technology is used effectively to maintain a normal life.