Czech Republic Telecom Sector to grow at 3.4% CAGR: Ken Research

1
Czech Republic Telecom Sector to grow at 3.4
CAGR Ken Research
2
Ken Research announced recent publication titled
The Czech Republic Revenue Expected to Grow
Moderately Through 2021 Supported by LTE, Fiber,
Pay-TV and M2M Growth, discuss telecom industry
present and future analysis. It details fixed and
mobile data usage and increase in pay-TV adoption
trends. Report has covered telecom market size,
major industry trends and competitive landscape
of the market. Major players and their stake in
the market has also been covered along with
regulatory environment, political and demographic
analysis.
3
The Czech Republic is a stable and prosperous
market economy closely integrated with the EU.
While the conservative, inward-looking Czech
financial system has remained relatively healthy,
the small, open, export-driven Czech economy
remains sensitive to changes in the economic
performance of its main export markets. As a
result, real GDP fell sharply in 2009. The
economy slowly recovered in the second half of
2009 and registered weak growth in the next two
years. In 2012, however, the economy fell into a
recession again, due both to a slump in external
demand and to the governments austerity
measures. The auto industry is the largest single
industry and, together with its upstream
suppliers, accounts for nearly 24 of Czech
manufacturing. The Czech Republic produced more
than a million cars for the first time in 2010,
over 80 of which were exported. The Czech
Republic has developed as an advanced social
market economy that supports a high-income welfare
state.
4
The Czech economys transition to greater
openness and flexibility has been facilitated by
a decade of restructuring and liberalisation. Low
tax rates encourage the development of a vibrant
private sector. The government has placed a high
priority on fiscal discipline and is striving for
budgetary balance after years of fiscal deficits.
Lingering corruption increases the overall cost
of doing business and continued institutional
reforms to enhance transparency and keep
government spending under control. The Czech
Republic is participating in the European Single
Market of the European Union and is therefore a
part of the economy of the European Union. Its
largest trading partner for both export and
import is Germany. As of July 2016,
the unemployment rate in the Czech Republic was
the lowest in the EU at 4.0, and the poverty
rate is the second lowest. Total revenue refers
to the sum of individual income taxes, business
income taxes and other tax revenues a government
collects over a given period of time, usually one
year.
5
Gross domestic product is the total value of
goods and services a nations economy
produces. Total revenue tends to grow as GDP
grows. Conversely, when there is an economic
downturn, revenues usually decrease. This becomes
important when total revenues are compared to
government spending. The telecom market is
expected to generate CAGR growth of 3.4 in next
five years. The growth is expected to lead by
growth in data revenue. Positive growth in fixed
and mobile data usage and increase in pay-TV
adoption will further support the market. Telecom
service revenue in the Czech Republic is
estimated to generate USD 3.4 billion in 2016 and
to register CAGR growth of 3.4 during 2016-2021.
The growth will be mainly driven by the data
(fixed and mobile) and pay-TV segments. O2 and
T-Mobile will further drive the countrys telecom
market in 2016. Operators are focusing on
investing in IoT/M2M initiatives, LTE network
expansion and improving broadband speeds to
cement their market positions.
6
To know more on coverage, click on the
link https//www.kenresearch.com/technology-and-t
elecom/telecommunications-and-networking/czech-rep
ublic-revenue-expected-grow-moderately/73652-105.h
tml Related Reports https//www.kenresearch.com/
technology-and-telecom/telecommunications-and-netw
orking/ukraine-telecom-service-revenue-decline-thr
ough/73651-105.html https//www.kenresearch.com/t
echnology-and-telecom/telecommunications-and-netwo
rking/romania-telecoms-mobile-broadband-digital-me
dia/72882-105.html
7
Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204