Telecommunication Services Market Size, Share, Growth Report 2030

Telecommunication Services Market

Telecommunication Services Market -By Package Type (Double Play, Quad Play, and Triple Play), By End-Use (Residential and Commercial), and By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 15-Apr-2021 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-6107 Status : Published

The global telecommunication market has been continuously transforming with the adoption and integration of emerging communication technologies such as 5G, IoT, NB IoT, and many more

Telecommunication Services Market

The global Telecommunication Services market accrued earnings worth approximately 1,517 (USD Billion) in 2019 and is predicted to gain revenue of about 2,001(USD Billion) by 2026, is set to record a CAGR of nearly 5.3% over the period from 2020 to 2026. The report offers assessment and analysis of the Telecommunication Services market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Synopsis

Telecom services are used for sending or transmitting as well as receiving messages via electronic equipment. It encompasses mobile internet access, text, fax, email, TV, and radio. In addition to this, telecom services have proved to be advantageous for myriad businesses as it facilitates proficient communication channels with consumers and facilitates establishment of strong relationships with consumers. Apart from this, telecom solutions also help in easy data transmission along with imparting flexibility to them.

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Market Growth Drivers

Breakthroughs in technology, funding of new telecom systems such as wireless & satellite communications, and launching of e-farming and e-education tools will embellish the market trends. Apart from this, massive popularity & use of high speed data processor as well as high internet bandwidth will exponentiate the expansion of telecommunications services industry over the upcoming years. Nevertheless, low level of awareness of these services among the people and huge value added solution costs will put brakes the telecommunications services industry size in the years ahead. However, growing penetration of connected things and AI across the globe will not only negate the impact of the hindrances on telecommunications services industry but will produce novel growth opportunities for telecommunications services business in the next decade.

Furthermore, large-scale allocation of funds for installation of 5G network with growing preference for next-gen systems as well as smartphones & iPhones will enlarge the scope of telecommunications services in the years to come. With onset of COVID-19 pandemic, there is a shift in working from physical to online mode requiring strong network connectivity as well as infrastructure facility. This will generate lucrative growth avenues for telecommunications services industry over the assessment period.

Global Telecommunication Services Market SizeRequest Free Sample

Asia Pacific To Make Humungous Contributions Towards Overall Market Proceeds By 2026

The swift expansion of telecommunication services industry in the region over the forecast timeline can be ascribed to growing preference for telecom services in various firms across countries like Japan, China, and India. Apparently, the sub-continent is the major production hub and exported of ITES as well as IT solutions. This will drive the regional market trends.

Report Scope

Report Attribute Details
Base Year 2022
Historic Years 2018 - 2022
Forecast Years 2023 - 2030
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2023 to 2030
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Key participants profiled in the study are TalkTalk, Vodafone Group Plc, BCE Inc., Telefonica SA, AT & T Intellectual Property, Telus, Roger Communications, Inc., Bharti Airtel, and T-Mobile.

The global Telecommunications Services Market is segmented as follows:

 By Package Type  

  • Double Play
  • Quad Play
  • Triple Play 

By End Use

  • Residential
  • Commercial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Breakthroughs in technology, funding of new telecom systems such as wireless & satellite communications, and launching of e-farming and e-education tools will embellish the market trends. Apart from this, massive popularity & use of high speed data processor as well as high internet bandwidth will exponentiate the expansion of telecommunications services industry over the upcoming years. However, growing penetration of connected things and AI across the globe but will produce novel growth opportunities for telecommunications services business in the next decade.

Furthermore, large-scale allocation of funds for installation of 5G network with growing preference for next-gen systems as well as smartphones & iPhones will enlarge the scope of telecommunications services in the years to come. With onset of COVID-19 pandemic, there is a shift in working from physical to online mode requiring strong network connectivity as well as infrastructure facility. This will generate lucrative growth avenues for telecommunications services industry over the assessment period.

According to Zion market research report, the global Telecommunication Services market accrued earnings worth approximately 1,517 (USD Billion) in 2019 and is predicted to gain revenue of about 2,001(USD Billion) by 2026, is set to record a CAGR of nearly 5.3% over the period from 2020 to 2026.

Asia Pacific region will contribute lucratively towards the global market value over the estimated timeline. The swift expansion of telecommunication services industry in the APAC over the forecast timeline can be ascribed to growing preference for telecom services in various firms across countries like Japan, China, and India. Apparently, the sub-continent is the major production hub and exported of ITES as well as IT solutions. This will drive the regional market trends.

 

The key market participants include TalkTalk, Vodafone Group Plc, BCE Inc., Telefonica SA, AT & T Intellectual Property, Telus, Roger Communications, Inc., Bharti Airtel, and T-Mobile.

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