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Taiwan Telecommunication Infrastructure Industry Analysis
The telecommunications infrastructure construction projects industry in Taiwan is currently experiencing steady growth due to the country's advanced digital infrastructure and strong government support. The industry is focused on expanding and upgrading the existing infrastructure to meet the growing demand for high-speed internet, mobile connectivity, and other telecommunications services.
Taiwan is known for having one of the most advanced and reliable telecommunications networks in the world. According to the Ministry of Economic Affairs, the telecommunications industry in Taiwan generated a revenue of NTUSD 596.8 billion in 2020. This was a 3.9% increase from the previous year, indicating a steady growth trend.
One major area of growth in the industry is the construction of 5G infrastructure. The government has set a goal of achieving full 5G coverage by 2025, which has led to an increase in investment in infrastructure construction projects by both the government and private sector. Major telecom companies such as Chunghwa Telecom, Taiwan Mobile, and Far EasTone have all launched their 5G networks, and are investing heavily in expanding their coverage.
Another area of growth is in the construction of data centers. Taiwan is home to several major tech companies, and the demand for data storage and processing is increasing rapidly. This has led to an increase in investment in the construction of data centers across the country. According to a report by JLL, a real estate services company, Taiwan is expected to see a 19% increase in data center capacity in the next three years.
Overall, the outlook for the telecommunications infrastructure construction projects industry in Taiwan is positive. The country's strong digital infrastructure, government support, and focus on innovation make it an attractive location for investment in the industry. However, competition in the market is expected to increase, and companies will need to continue to invest in upgrading and expanding their infrastructure to stay ahead.
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