COMPANY NEWS: New Zealand’s mobile service revenue is poised to increase at a compound annual growth rate (CAGR) of 2.5% from $1.5 billion in 2024 to $1.7 billion in 2029, driven by the mobile data services segment with rising adoption of 5G services, forecasts GlobalData, a leading data and analytics company. GlobalData’s New Zealand Mobile Broadband Forecast (Q2-2024) reveals that mobile voice service revenue will decline at a 1.8% CAGR over the forecast period owing to the increasing consumer preference for over-the-top (OTT) communication platforms, and the decline in voice average revenue per user (ARPU) levels with telcos offering unlimited voice minutes with their mobile service plans.
* **Mobile Data: The Engine of Mobile Industry Growth**
* **Mobile Data Revenue:
**Mobile data service revenue** is a crucial indicator of the overall health and growth of the mobile industry. It reflects the amount of money generated from selling mobile data services, including text messaging, internet access, and other data-related services. **The steady growth in mobile data consumption** over 4G/5G networks is a significant driver of revenue growth.
For example, as of July 2024, Spark 5G network coverage spans 103 locations in New Zealand, with further plans to extend connectivity to all towns with a population exceeding 1,500 by 2026. Mahananda concludes: “One New Zealand will lead the mobile services market in terms of subscriptions through 2029, given its strong focus on 4G and 5G network developments and expansion across the country and its various affordable prepaid and postpaid plans with unlimited calls and data.”
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