Summary
Telecommunication Services in Colombia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Telecommunication services market is segmented into fixed and wireless telecommunication services.
- The Colombian telecommunication services market recorded revenues of $6.3 billion in 2024, representing a compound annual growth rate (CAGR) of 0.7% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 5.7% between 2019 and 2024, reaching a total of 103.7 million subscriptions in 2024.
- In 2024, the revenue of Colombia’s telecommunication services market grew by 9.8% annually, due to the increase in the proportion of internet users. According to the World Bank, in 2024, the proportion of internet users in Colombia’s total population reached 91.2%, up from 89.2% in the previous year.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the telecommunication services market in Colombia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the telecommunication services market in Colombia
- Leading company profiles reveal details of key telecommunication services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Colombia telecommunication services market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Colombia telecommunication services market by value in 2024?
- What will be the size of the Colombia telecommunication services market in 2029?
- What factors are affecting the strength of competition in the Colombia telecommunication services market?
- How has the market performed over the last five years?
- Who are the top competitors in Colombia's telecommunication services market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the key market players?
7.2. What strategies do the key market players follow?
7.3. What are the most recent market developments?
8 Company Profiles
8.1. Claro Colombia
8.2. Millicom International Cellular SA
8.3. Movistar Colombia
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Colombia telecommunication services market value: $ billion, 2019-24
Table 2: Colombia telecommunication services market volume: million subscriptions, 2019-24
Table 3: Colombia telecommunication services market category segmentation: % share, by value, 2019-24
Table 4: Colombia telecommunication services market category segmentation: $ billion, 2019-24
Table 5: Colombia telecommunication services market geography segmentation: $ billion, 2024
Table 6: Colombia telecommunication services market value forecast: $ billion, 2024-29
Table 7: Colombia telecommunication services market volume forecast: million subscriptions, 2024-29
Table 8: Claro Colombia: Key Facts
Table 9: Claro Colombia: Key Employees
Table 10: Millicom International Cellular SA: Key Facts
Table 11: Millicom International Cellular SA: Annual Financial Ratios
Table 12: Millicom International Cellular SA: Key Employees
Table 13: Movistar Colombia: Key Facts
Table 14: Colombia Size of Population (Million), 2020-24
Table 15: Colombia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 16: Colombia GDP (Current Prices, $ Billion), 2020-24
Table 17: Colombia Inflation, 2020-24
Table 18: Colombia Consumer Price Index (Absolute), 2020-24
Table 19: Colombia Exchange Rate, 2019-24
List of Figures
Figure 1: Colombia telecommunication services market value: $ billion, 2019-24
Figure 2: Colombia telecommunication services market volume: million subscriptions, 2019-24
Figure 3: Colombia telecommunication services market category segmentation: $ billion, 2019-24
Figure 4: Colombia telecommunication services market geography segmentation: % share, by value, 2024
Figure 5: Colombia telecommunication services market value forecast: $ billion, 2024-29
Figure 6: Colombia telecommunication services market volume forecast: million subscriptions, 2024-29
Figure 7: Forces driving competition in the telecommunication services market in Colombia, 2024
Figure 8: Drivers of buyer power in the telecommunication services market in Colombia, 2024
Figure 9: Drivers of supplier power in the telecommunication services market in Colombia, 2024
Figure 10: Factors influencing the likelihood of new entrants in the telecommunication services market in Colombia, 2024
Figure 11: Factors influencing the threat of substitutes in the telecommunication services market in Colombia, 2024
Figure 12: Drivers of degree of rivalry in the telecommunication services market in Colombia, 2024
