Uncover 2023 telecoms: Is growth here to stay for Asia Pacific telcos?

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Summary

Asia Pacific's telecom operators maintained growth momentum through 2022, with industry-wide revenue expansion holding steady year over year even as earnings growth failed to keep pace for a significant share of operators. That divergence between top-line growth and profitability sets the stage for the trends expected to define the region's telecom sector through 2023, from enterprise diversification to network investment cycles.

Enterprise business has steadily grown as a share of total telco revenue, while diversification into adjacent categories, including media, gaming, e-commerce and financial services, gains momentum as operators look beyond core connectivity for growth. Non-connectivity revenue is on track to represent a substantially larger portion of industry income within the next few years, reshaping how operators measure success.

China's scale continues to anchor the region's 5G subscriber growth, with enterprise use cases emerging as a key driver of that expansion. Meanwhile, industry consolidation, cloud partnerships with hyperscalers, rising cybersecurity investment and growing boardroom attention to environmental, social and governance reporting round out the forces reshaping operator strategy heading into the new year.

  • How customer experience has moved from a support function to a sustained board-level priority
  • Why cybersecurity is increasingly framed as a business opportunity rather than just a cost centre

Telecom strategists and investors tracking Asia Pacific's operator landscape will find a structured view of the ten trends most likely to shape competitive positioning in 2023.

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