The volume of mobile voice calls in South Korea stood at 217 Unit Minutes in 2023. Over the past five years, the overall growth has been modest, characterized by minor year-on-year fluctuations. From 2013 to 2023, there has been a consistent but slow upward trend, mostly oscillating around 0.47% year-on-year growth in recent years. The Compound Annual Growth Rate (CAGR) over the last five years averaged around 0.47%, highlighting a low yet stable growth trajectory.
Looking forward, forecasts suggest a slight easing in growth with a projected 5-year CAGR of 0.36%, culminating in a 1.83% overall increase by 2028. The year-on-year growth rate continues to decrease slightly, indicating a maturing market.
Future trends to watch for:
- Emergence and growth of alternative communication methods like VoIP and messaging apps.
- Technological advancements in 5G and beyond, which could potentially impact mobile voice call usage.
- Changing consumer behavior and preferences towards data-centric communication services.
- Regulatory changes and their potential impacts on the telecom industry.
