Mobile revenues to inch up 0.7% by 2030 as 5G offsets voice decline

Voice revenue may fall 5.8% as data and 5G usage drive market shift to 2030.

Singapore’s mobile service revenue is projected to grow at a compound annual rate of 0.7% between 2025 and 2030, whilst voice revenues are expected to fall 5.8% over the same period, according to a forecast by data analytics and consulting company GlobalData.

The report said the decline in voice revenue will be driven by continued migration to over-the-top (OTT) communication platforms, which has reduced average revenue per user for traditional voice services.

At the same time, mobile data revenue is expected to grow at a CAGR of 4.4%, supported by rising 5G adoption and higher data consumption.

GlobalData said 5G services accounted for a significant share of mobile subscriptions in 2025 and are expected to represent more than 95% of subscriptions by 2030.

It attributed this to ongoing network expansion and demand for higher-speed data services.

Average monthly mobile data usage is projected to increase to 15.1 GB in 2030 from 10.8 GB in 2025, driven by higher consumption of streaming and social media content.

The report added that operators continue to invest in network upgrades to support 5G growth. It cited Singtel as maintaining a leading position in subscriptions, supported by continued 5G expansion, including the rollout of its 5G+ network in May 2025.

GlobalData telecom analyst Kantipudi Pradeepthi said rising demand for high-speed data services and continued 5G network expansion are driving adoption.

She added that operators will need to balance infrastructure investment with pricing strategies as the market becomes more saturated.