Pay TV down in Australia

Pay TV revenues in Australia are set for the largest decline in the country’s telecoms services market. 

While the overall telecom and pay TV services revenue in Australia is expected to grow at a compound annual growth rate of 1.6% from $20.2 billion in 2021 to $21.9 billion in 2026, GlobalData predicts that Pay TV is set for a significant decline in the coming years. 

The report notes that continued cord-cutting will see losses in cable TV and DTH subscriptions, as services such as Netflix and Stan continue to grow. The overall pay TV market will decrease by 3.7%, the firm predicts.

Also predicted are losses for fixed voice and mobile voice services, while fixed broadband and mobile data will both grow by more than 3.5% over the next five years. 

Aasif Iqbal, Telecom Analyst at GlobalData, said: “4G services currently account for a majority share of the overall mobile subscriptions in Australia. 5G subscriptions, on the other hand, are set to increase at a rapid pace and surpass 4G subscriptions in 2024 driven by the ongoing efforts of operators like Optus, TPG Telecom, and Telstra to expand and upgrade 5G network services across the country.”

Continued rise in the demand for high-speed data services and growing availability of fibre network are especially driving the fibre broadband service adoption in the country. For instance, NBN Co. is encouraging more than 50,000 customers who are currently using its fibre-to-the-node (FTTN) infrastructure to switch to fibre-to-the-premises (FTTP). NBN also hopes to increase the number of premises that can upgrade from FTTN to FTTP to about 600,000 by the end of 2022 and two million by the end of 2023.”