$34.3bn
$XX.Xbn
42,039
2,969
$X.Xbn
The Telecommunications Services subdivision provides connectivity to Australians through fixed-line, wireless and resold plans and services. Fixed-line service revenue has faltered, as consumers opt for faster and more convenient telco services like 5G. Following the NBN rollout's completion, mobile providers have tapped into a need for even faster speeds and the changing environment in which people use the internet. For instance, both workers and consumers are rapidly intensifying their data consumption as access to the internet becomes more ingrained in our day-to-day lives. Wireless price competition has heated up, which, coupled with eroding wired network revenue, has led to a decline in subdivision revenue. Overall, subdivision revenue has declined at an annualised 1.8% over the five years through 2022-23, to $33.7 billion. This trend includes a 0.6% uptick in 2022-23.
Industry revenue has declined at a CAGR of 2.7 % over the past five years, to reach an estimated $34.3bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Telstra | 13,300.0 | |
SingTel Optus | 6,060.0 | |
NBN Co | 5,515.0 |
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Industry revenue is measured across several distinct product and services lines, including Mobile services, Wired services and Resold telecommunications. Mobile services is the largest segment of the Telecommunications Services in Australia.
The rise of 5G has added to mobile services' dominance
Telecommunications companies operate, maintain or provide access to facilities that transmit voice, data, text, sound and video over wire, cable, wireless and satellite networks. Not all subdivision participants own and operate telecommunications infrastructure. Telecommunications resellers purchase network capacity and then retail services to businesses and consumers. Internet service providers are not included in this subdivision.
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ANZSIC 580 - Telecommunications Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Key digital and fibre-optics technologies are constantly transforming this subdivision. Businesses and government agencies look to adopt the best-quality connection services.
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NBN connections have saturated the wired services industry. The NBN has spread across Australia and competes with mobile services as an internet connection medium.
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Population hubs are ideal locations for telcos. Proximity to high-density infrastructure enables better access to businesses and more efficient network layouts.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The persistent growth of mobile networks is pressuring fixed-line operators. Mobile networks are improving their coverage, data limits and download speeds.
Learn about the performance of the top companies in the industry.
Telstra reigns supreme over other internet service providers. Despite the transition of their wired network to NBN Co, Telstra continues to dominate the other telecommunicati...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The ACCC monitors misleading telco claims and mergers and acquisitions. Their decision on the TPG Telecom-Telstra regional mobile network sharing proposal will drastically af...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profitability is tanking as mobile competition heats up. Rising key materials costs have also hindered profit margins for infrastructure-heavy telcos.
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Telecommunications Services industry in Australia is $34.3bn in 2024.
There are 2,969 businesses in the Telecommunications Services industry in Australia, which has grown at a CAGR of 1.6 % between 2018 and 2023.
The market size of the Telecommunications Services industry in Australia has been declining at a CAGR of 2.7 % between 2018 and 2023.
Over the next five years, the Telecommunications Services industry in Australia is expected to grow.
The biggest companies operating in the Telecommunications Services market in Australia are Telstra, SingTel Optus and NBN Co
Mobile services and Wired services are part of the Telecommunications Services industry.
The company holding the most market share in Australia is Telstra.
The level of competition is high and increasing in the Telecommunications Services industry in Australia.