According to the report analysis, ‘Israel:
Country Intelligence Report’ telecom service revenue growth in Israel
will decline from USD 4.7 billion in 2017 to USD 4.2 billion in 2022 at a CAGR
of 2.4%, owing to considerable depreciation of the local currency against the
USD. Moreover, fixed broadband will be the largest revenue-contributing segment
from 2019, with its share of total revenue to increase to 31.3% in 2022 led by
a continued rise in fiber broadband services aided by fiber network expansions
by operators. Whereas, industry and technology wise, the industry of telecom in
Israel has been among global leaders in technology development. It is observed
that during 2000s Israel was the emerging leading supplier for the global
telecommunications industry and a global player in technological research. Additionally,
with the more development and research in the technologies the Israel is going
to dominate the huge share in the telecommunication market very soon.
Mobile data revenue will grow at a CAGR of 1.4% over
2017-2022 to reach USD 41.0billion by the end of 2022, aided by rising adoption
of LTE/LTE-A services, data bundles and value-added services. Operator focus on
expanding 4G network, M2M/IoT solutions and government initiative to expand
fiber-optic networks will boost mobile and fixed broadband markets,
respectively. With the advancement in the technology of 4G networks most of the
sector of Israel has become more efficient in their working as the radio was
succeeded to recover from rating problem and Israel police is also be able to
communicate very easily with the other law enforcement bodies. Moreover, in the
present trend field of mailing in Israel is prevailing very much and leads the
effective competition in the telecommunication sector.
Significant development in the telecommunication
sector of Israel will lead to huge investment and welcoming new opportunities
for both such as the key players and consumers. The telecommunications
regulatory environment has changed rapidly in recent trends and these changes
were significantly driven by the short-term political considerations. For
acquiring handsome amount of share in the market there is a need for setting
clear policies and establishing regulatory stability. In addition, due to
extensive usage of data communication facilities the usage of smartphones has
also proliferated in Israel. Many homes, institutions and every business have a
separate fax machine which is linked to electronic mail and internet.
Many systems are developed in Israel which can
increase the capacity of digital satellite and fiber topic cable
telecommunications links. Moreover, there are some companies which are
currently taking advantage of telecommunications such as HOT Mobile, Celcom,
013 NetVision, Bezeq, Bezeq International, Israel Broadband Company (IBC),
Xfone, Pelephone and others. Whereas, the Israel telecom market will be
dominated by Bezeq, Cellcom and HOT Telecom. Operators will continue to focus
on network investments, 4G coverage expansions, fiber deployments and offering
appealing data plans and value-added services to stimulate data adoption.
However, in the recent market trend the customers are
migrating to 4G services whereas 3G will be the most adopted mobile technology
through 2021. With the change in the lifestyle and development in the
infrastructure will lead the market growth of the telecommunication in the
market of Israel. Therefore, in the forecasted period it is expected that the
market of telecommunication in Israel is going to be grow
in the coming years over the next few years.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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