The South & Central America 2G & 3G switch off market was valued at US$ 13,058.70 million in 2020 and is expected to reach US$ 1,860.99 million by 2030; it is estimated to register a CAGR of -17.7% from 2020 to 2030.
Rising Digital Transformation Across SME's Fuels South & Central America 2G & 3G Switch Off Market
Digital transformation across SMEs is presenting a unique opportunity for the 2G and 3G switch off market. As these businesses embrace the digital era, they are increasingly adopting modern technologies, such as 4G and 5G networks, to streamline their operations and enhance their connectivity. This shift towards advanced networks is driving the need for the decommissioning of outdated 2G and 3G infrastructure.
SMEs are recognizing the benefits of faster and more reliable data transfer, improved network coverage, and enhanced capacity that come with newer network technologies. This realization is prompting them to upgrade their communication systems, making the 2G and 3G networks obsolete.
Moreover, the digital transformation journey of SMEs also opens up opportunities for companies in the switch off market. These companies can offer services like network infrastructure decommissioning, equipment recycling, and network migration solutions. They can help SMEs smoothly transition from legacy networks to more advanced ones, ensuring minimal disruptions to their business operations. Thus, such rising digital transformation across SMEs creates opportunities for using higher networks and switching off the 2G and 3G networks.
South & Central America 2G & 3G Switch Off Market Overview
The South & Central America 2G & 3G switch off market is segmented into Brazil, Argentina, and the Rest of South & Central America. According to the GSM Association, uptake of 4G in the region has more than doubled in between 2015-2020, with more than 410 million connections in 2021. This growth is projected to continue till 2024 as consumers increasingly transfer to 5G plans. In June 2022, seven countries in the region launched commercial 5G services. The modern adoption rate of 5G services is ~1% of total 5G connections, but this is expected to reach 11% by 2025. Several regional network operators are switching off the 2G and 3G networks to re-purpose the spectrum and provide 4G. For instance, as of November 2022, Tigo confirmed that it switched off its 2G network in Colombia, taking ~2,000 1900 MHz sites offline and freeing up the spectrum, which will be re-purposed and used for its 4G network.
As of March 2022, Claro also announced the shutting down of its 2G network in Colombia, following in Tigo's footsteps. Further, Movistar plans to do the same in Chile in the second half of 2023, while Telecom will shut down 3G in Argentina. The mass implementation of 4G and the entry of 5G are beginning to influence these decisions.
South & Central America 2G & 3G Switch Off Market Revenue and Forecast to 2030 (US$ Million)
South & Central America 2G & 3G Switch Off Market Segmentation
The South & Central America 2G & 3G switch off market is categorized into type, application, and country.
Based on type, the South & Central America 2G & 3G switch off market is bifurcated into 2G and 3G. The 3G segment held a larger market share in 2020.
In terms of application, the South & Central America 2G & 3G switch off market is segmented into message, voice, data, and IoT. The data segment held the largest market share in 2020.
By country, the South & Central America 2G & 3G switch off market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America 2G & 3G switch off market share in 2020.
AT&T Inc, Deutsche Telekom AG, KDDI Corp, NTT Data Corp, Orange SA, Telefonica SA, and Vodafone Group Plc are among the leading companies operating in the South & Central America 2G & 3G switch off market.
South & Central America 2G & 3G Switch Off Market Strategic Insights
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South & Central America 2G & 3G Switch Off Market Segmentation Analysis
South & Central America 2G & 3G Switch Off Market Report Highlights
South & Central America 2G & 3G Switch Off Report Scope
Report Attribute
Details
Market size in 2020
US$ 13,058.70 Million
Market Size by 2030
US$ 1,860.99 Million
CAGR (2020 - 2030)
-17.7%
Historical Data
2018-2019
Forecast period
2021-2030
Segments Covered
By Type
2G and 3G
By Application
Message
Voice
Data
IoT
Regions and Countries Covered
South and Central America
Brazil
Argentina
Rest of South and Central America
Market leaders and key company profiles
AT&T Inc
Deutsche Telekom AG
KDDI Corp
NTT Data Corp
Orange SA
Telefonica SA
Vodafone Group Plc
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South & Central America 2G & 3G Switch Off Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - South & Central America 2G & 3G Switch Off Market
1. AT&T Inc 2. Deutsche Telekom AG 3. KDDI Corp 4. NTT Data Corp 5. Orange SA 6. Telefonica SA 7. Vodafone Group Plc
Frequently Asked Questions
How big is the South & Central America 2G & 3G Switch Off Market?
The South & Central America 2G & 3G Switch Off Market is valued at US$ 13,058.70 Million in 2020, it is projected to reach US$ 1,860.99 Million by 2030.
What is the CAGR for South & Central America 2G & 3G Switch Off Market by (2020 - 2030)?
As per our report South & Central America 2G & 3G Switch Off Market, the market size is valued at US$ 13,058.70 Million in 2020, projecting it to reach US$ 1,860.99 Million by 2030. This translates to a CAGR of approximately -17.7% during the forecast period.
What segments are covered in this report?
The South & Central America 2G & 3G Switch Off Market report typically cover these key segments-
Type (2G and 3G)
Application (Message, Voice, Data, IoT)
What is the historic period, base year, and forecast period taken for South & Central America 2G & 3G Switch Off Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America 2G & 3G Switch Off Market report:
Historic Period : 2018-2019
Base Year : 2020
Forecast Period : 2021-2030
Who are the major players in South & Central America 2G & 3G Switch Off Market?
The South & Central America 2G & 3G Switch Off Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
AT&T Inc
Deutsche Telekom AG
KDDI Corp
NTT Data Corp
Orange SA
Telefonica SA
Vodafone Group Plc
Who should buy this report?
The South & Central America 2G & 3G Switch Off Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the South & Central America 2G & 3G Switch Off Market value chain can benefit from the information contained in a comprehensive market report.
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