South Korea Telecom Services Market Size & Outlook
South Korea telecom services market, 2018-2030 (US$M)
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South Korea telecom services market highlights
- The South Korea telecom services market generated a revenue of USD 49,254.0 million in 2025 and is expected to reach USD 66,492.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.2% 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 49,254.0 million |
| Market revenue in 2030 | USD 66,492.5 million |
| Growth rate | 6.2% (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, South Korea accounted for 2.4% 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 Asia Pacific, China telecom services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 217,629.9 million by 2030.
Mobile data services was the largest segment with a revenue share of 38.78% in 2025. Horizon Databook has segmented the South Korea 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 telecommunications industry in South Korea is growing at a rapid pace, driven by the presence of both global and local fixed and mobile network operators.
Mobile network operators have been investing aggressively in fiber and tower infrastructure over the past few years, which is ultimately expected to contribute to the growth of the telecom services market in the country.
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Telecom Services Market Scope
Telecom Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea telecom services market size, by service type, 2018-2030 (US$M)
South Korea Telecom Services Market Outlook Share, 2025 & 2030 (US$M)
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