Brazil Telecom Market Size

Statistics for the 2023 & 2024 Brazil Telecom market size, created by Mordor Intelligence™ Industry Reports. Brazil Telecom size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Brazil Telecom Industry

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Brazil Telecom Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 32.13 Billion
Market Size (2029) USD 43.34 Billion
CAGR (2024 - 2029) 6.17 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Brazil Telecom Market Analysis

The Brazil Telecom Market size is estimated at USD 32.13 billion in 2024, and is expected to reach USD 43.34 billion by 2029, growing at a CAGR of 6.17% during the forecast period (2024-2029).

Most major telecom companies in the world, such as AT&T, Verizon, and Comcast, are based in Brazil. They promote innovation by making significant R&D investments consistently.

  • To fulfill the ongoing demand for faster networks, the Brazilian telecom industry made further strides in expanding its network capacity with more fiber and wireless deployments. For instance, Speedcast signed a long-term agreement with Nokia to deploy its private wireless network technology for mining and energy enterprise customers. The new project will see the deployment of the Nokia Digital Automation Cloud (DAC) to provide high-quality, critical voice and video connectivity for workers on site.
  • According to the GSMA report, in 2021, the country had a smartphone adoption rate of 84%, which is expected to rise to 88% by 2025. The estimated subscriber penetration for FY 2025 is 75%. As per the study, 4G penetration in Brazil was 80% in 2021, compared to 16% and 4% for 3G and 2G, respectively. The country is expected to have 5G adoption of 20% by the end of 2025.
  • Telecom operators are slowly deploying 5G services across brazil. For instance, America Movil launched 5G services in Sao Paulo, Brazil. In the Future, all customers are expected to migrate from 3G and 4G networks to the 5G network slowly.
  • In September 2022, Amdocs network solution company signed a six-year contract with Brazilian telco Winity Telecom to support the operator with its 4G and 5G rollout across remote areas of the country. Telecom operators such as Claro, TIM, and Algar are increasingly shifting to 5G networks, bringing new opportunities for customers across the telecom market.
  • The COVID-19 pandemic significantly impacted the Brazilian telecommunication industry and other facets of daily life across the country. Due to the pandemic, a large portion of the Brazilian population has been forced to spend time almost constantly at home, which has increased remote jobs, telemedicine, online education, and streaming in-home entertainment. However, on the other hand, the pandemic has also harmed the live effect on the pay-TV business and the cable TV industry. Post COVID-19 scenario created an unexpectedly high demand for mobile, fixed broadband, and OTT services.

Brazil Telecom Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)