The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: We have not made major forecast revisions to the mobile sector outlook out to 2020. With 3G/
4G rates nearing 100% penetration and organic subscriber growth prospects low, the market is driven by
converged services and the upselling of premium value added services (VAS). The increased competition
from the introduction of a fourth carrier will likely hasten ARPU decline over the course of our forecast
period. We believe that opportunities are ripe in the Internet of Things (IoT) and we expect the launch of
new services and innovative products in 2016 and beyond to bolster revenue growth and subscriber
Latest Updates And Industry Developments
? Latest reports from the market suggest that multiple companies have shown interest in acquiring the
spectrum set aside by the regulator for the fourth national carrier. Results of the auction are expected in
Q4 2016 and it is likely that the winner will be announced before the end of 2016. We expect the
prospective new mobile operator to commence operations in H217.
? We forecast Singapore's mobile sector will grow by a compound annual growth rate (CAGR) of about
1.59% from 2015 to 2020, with 4G being the main driver of growth. We believe 3G/4G subscriptions will
reach 8.318mn by end-2016 and hit 8.889mn by end-2020.