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Czech Republic Telecom Market Analysis

The Czech Republic Telecom Market size is estimated at USD 2.45 billion in 2024, and is expected to reach USD 2.76 billion by 2029, growing at a CAGR of 2.46% during the forecast period (2024-2029).

• The market sizing estimates reflect the revenue the Czech market vendors generated from various services offered. These services include Voice Services (Wired and Wireless), Data and Messaging Services, OTT, and payTV services.
• The telecom sector in Czech is expanding due to increasing end-user applications and growth in markets like IoT, cloud, data centers, and 5G. The country is also witnessing an increase in internet consumption. Market players are developing new internet plans to fulfill the growing demand for internet services and grab a more significant portion of the market.
• The growing demand for high-speed connectivity services by customers and increasing spending on the deployment of 5G infrastructure positively influence the growth of the Czech telecom market. For instance, according to Ookla, Czechia's median mobile internet speed increased by 17.45 Mbps, representing a 39.2% rise over the twelve months leading up to 2024. This significant improvement highlights the advancements in mobile network infrastructure and service quality. In parallel, Ookla's findings indicate that fixed internet speeds in Czechia experienced a 10.53 Mbps increase, reflecting a 19.9% uptick during the same period. This growth underscores the ongoing enhancements in fixed broadband services within the country.
• The growth in the telecom industry is mainly due to the increasing population with the rising adoption of mobile phones that support 3G, 4G, and 5G services across the country. For instance, the Czech Statistical Office states that over half of Czechs have purchased products online since 2020. By 2023, this figure surged to 72.5%, with a significant portion of internet users in Czechia engaging in online shopping. Notably, online shopping's appeal transcends age and gender, with women edging out men in the online shopping arena. Furthermore, the demographic most active in online purchases is Czechs between the ages of 25 and 34.
• The government plans to develop a network infrastructure that provides high-speed connectivity services for customers. For instance, The National Plan for the Development of Very High Capacity Networks identifies a significant investment gap of CZK 15.3 billion (approximately USD 0.66 billion) required to enhance backhaul and access networks. Given the co-financing rate of 75%, the anticipated public financial support is approximately CZK 11.5 billion. The plan includes comprehensive measures to address network development's supply and demand aspects.
• The ongoing digital disruptions in the Czech telecom industry may hamper the Czech telecom market's growth over the forecast period. With new and advanced technologies, consumer expectations of speed and connectivity are constantly changing, thus forcing telecom operators to invest more in infrastructure, IT, and people to satisfy consumer demands. In addition, large-scale IT transformation in the telecom industry means heavy CAPEX and long lead times, thus negatively impacting the market's growth.

Czech Republic Telecom Market Trends

Increasing 4G Penetration and Transition to 5G

Czech Republic Telecom Industry Segmentation

Telecom or telecommunication is the long-range transmission of information by electromagnetic means. The Czech Telecom Market includes in-depth trend analysis based on connectivity, such as Fixed Networks, Mobile Networks, and Telecom Towers. Telecom services are divided into Voice Services (Wired and Wireless), Data and Messaging Services, and OTT and PayTV Services. Several factors, including an increasing demand for 5G, are likely to drive the adoption of telecom services.

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.