Turkey Telecom Market Size

Turkey Telecom Market Analysis

The Turkey telecom market is expected to grow at a CAGR above 4.43% over the next five years. Based on the telecom regulator's efforts to construct a 5G network, there has been a steady growth in mobile subscriptions and an increase in mobile data subscriptions. Turkey is one of the few nations that can design and create its own communications satellites, and it is expanding its capabilities within the telecom sector.

• With around 85 million people, Turkey's mobile communication business is expanding quickly. As the young population adopts new technology and services, Turkey will soon take the lead in Europe for mobile service adoption. Except for mobile telephony, there is little rivalry in the telecommunications industry. Turkey's mobile market has expanded quickly during the last ten years. At the beginning of the current year, there were 78 million cell phone connections in Turkey, according to data from GSMA Intelligence.
• The current telecom landscape in Turkey provides a solid platform for developing a dynamic, genuinely national broadband network that serves and benefits everyone. The reach, speed, and price of broadband have all been established thanks to a competitive market, supportive regulations, and considerable expenditures. With the combined effect of several price changes and strong upsell performance, the country's telecom operators are witnessing robust ARPU growth in fixed and mobile broadband. Also, this growth was driven by innovative technologies that allowed the companies to offer services to the right consumer at the right time.
• Even though Turkey is accelerating its broadband reach and is consistently laying the groundwork for this growth, low demand among entry-level customers, a lack of desire for faster speeds, expensive device taxes, spotty coverage in suburban and rural regions, a difficult wholesale market, and distribution inefficiencies are the obstacles preventing the Turkish broadband industry from developing. However, numerous effective, reasonably priced, and minimally disruptive techniques and reforms have been developed in the country to build on that basis and overcome present obstacles.
• Turkish telecom operators are forging forward with more robust software and hardware development as part of the Turkish government's ambition to establish an advanced telecom infrastructure servicing millions of residents. Notably, work to build various 5G technology units, and 5G radio continued unabatedly, even during the coronavirus pandemic. Leading service providers are anticipating the deployment of commercial 5G by next year.
• The COVID-19 pandemic has brought about several significant changes in people's daily life, including remote employment, online education, and the growing demand for online media. The significance of telecommunications services is highlighted during this critical time. Turkey's telecom has witnessed notable demand growth in the use of digital solutions due to COVID-19. Consumption of the internet during regular business hours has grown as the nation has become accustomed to living with COVID-19. Weekday viewing, movie rentals, and movie sales have increased, as has the telecom industry.