Peru Telecom Services Market Size & Outlook, 2025-2030
Peru telecom services market, 2018-2030 (US$M)
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Peru telecom services market highlights
- The Peru telecom services market generated a revenue of USD 2,776.7 million in 2025 and is expected to reach USD 3,319.0 million by 2030.
- The Peru market is expected to grow at a CAGR of 3.7% from 2026 to 2030.
- In terms of segment, mobile data services was the largest revenue generating service type in 2025.
- Mobile Data Services is the most lucrative service type segment registering the fastest growth during the forecast period.
Telecom services market data book summary
| Market revenue in 2025 | USD 2,776.7 million |
| Market revenue in 2030 | USD 3,319.0 million |
| Growth rate | 3.7% (CAGR from 2026 to 2030) |
| Largest segment | Mobile data services |
| Fastest growing segment | Mobile Data Services |
| Historical data | 2018 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Voice Services, Fixed Internet Access Services, Mobile Voice Services, Mobile Data Services, Pay TV Services, Machine-to-Machine (Mobile IoT) Services |
| Key market players worldwide | AT&T, Verizon Communications Inc, Nippon Telegraph & Telephone Corp, China Mobile, Deutsche Telekom AG, SoftBank Group Corp, Telefonica SA, Vodafone Group PLC, KT Corp ADR, Reliance Inc, KDDI Corp, Orange SA, BT Group PLC, Comcast Corp Class A |
Other key industry trends
- In terms of revenue, Peru accounted for 0.1% of the global telecom services market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil telecom services market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 53,780.1 million by 2030.
Mobile data services was the largest segment with a revenue share of 33.93% in 2025. Horizon Databook has segmented the Peru telecom services market based on fixed voice services, fixed internet access services, mobile voice services, mobile data services, pay tv services, machine-to-machine (mobile iot) services covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing adoption of machine-to-machine (M2M) communication, IoT, and connected devices to propel the implementation of 5G technology and advance the implementation of Industry 4.0 is driving demand for telecom services in the country.
The strategic initiatives, such as new product launches, being pursued by both global and local market players in the country are also contributing to the growth of the market. For instance, in March 2021, Claro Peru, a Mexican-owned full-service provider, launched commercial fixed wireless broadband services based on 5G technology.
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Telecom Services Market Scope
Telecom Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Peru telecom services market size, by service type, 2018-2030 (US$M)
Peru Telecom Services Market Outlook Share, 2025 & 2030 (US$M)
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