Wireless Telecommunication Services Market Size, Share, Growth Report 2030

Global Wireless Telecommunication Services Market Overview

The Global Wireless Telecommunication Services Market accounted for USD 879.8 Billion in 2020 and is expected to reach USD 1268 Billion by 2028, growing at a CAGR of 4.7 % from 2021 to 2028.

The telecommunication service providers are the ones that provide the services of wireless telecommunications. These services are used for the purpose of receiving and sending messages with the help of electronic devices and wireless mediums. The services that are provided by wireless telecommunication are texting, email, paging, accessing the internet through smartphones, and other types of satellite wireless telecommunication services.

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COVID-19 Impact Analysis

As due to the COVID-19 pandemic, majorly every industry was shut down for a significant amount of time. Thus, people were forced to enter into or adapt to remote working which required a lesser number of people on the fieldwork. The wireless telecommunication services sector was also hit badly during the pandemic as the development work in the sector was halted due to a restrained workforce. However, there was also an upsurge in consumer demand considering both the existing as well as new users.

Growth Factors

There are various factors leading to the growth of the wireless telecommunication services market. As organizations are making use of digital solutions which are accurate and effective. The innovations that are made through the partnerships among different sectors propel the growth of the market in the coming years. In recent years, there has been an increased rate of adoption of solutions and services that are based on advanced technology by organizations and they are choosing IoT in order to make their business operations easy and efficient. Increasing adoption of the apps along with the wide usage of smartphones will also contribute to the market revenue. The trend of using landlines has almost vanished which boosted the global wireless communication market.

Report Scope:

Service Type Segment Analysis Preview

The data services segment held a share of over 44 % in 2020. Data services are being consumed by users globally for a number of purposes. The last decade has seen a huge rise in the demand for data services as smartphones have revolutionized the mobile sector. These services are being used to communicate, browse information, use applications, and many more purposes. As data speed and technology keep evolving the need for data services is going to increase significantly.

Application Segment Analysis Preview

The medical and healthcare sector is expected to contribute significantly towards the wireless telecommunication services market. A rapid growth of application of wireless telecommunication services in the medical and healthcare sector has been witnessed. As there are a lot of technologies which can be directly used in the medical devices and are making them more efficient and easier to operate. For instance, the present use of pervasive computing, consisting of RFID, Bluetooth, ZigBee and wireless sensor network gives innovative medium for data transmission for medical applications

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Regional Analysis Preview

The North America region is projected to grow at a CAGR of 4 % over the forecast period. The presence of a large number of market players is also going to contribute significantly towards the growth of the wireless telecommunication services market in the region. North America is a technologically advanced region, which means the adoption rate of any new technology is very high in the region. Though the majority of the organizations have already recognised the need for the wireless telecommunication services market and are using the same as well.

Asia pacific is expected to be growing significantly for the wireless telecommunication services market. The developing region has witnessed a rise in the usage of technology. As the population here becomes more comfortable with adoption of the smart devices, the demand for wireless telecommunication services will be boosted over the next few years. Also, awareness of the government towards the technology advancement will add to the growth of the market in the region.

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Key Market Players & Competitive Landscape

Some of the key players in the wireless telecommunication services market are AT&T, Inc., China Mobile Communications Corporation, Verizon Communications, Inc. , Vodafone Group PLC, The Nippon Telegraph and Telephone Corporation, Telefónic, América Móvil, Deutsche Telekom AG, China Telecommunications Corporation , and SoftBank Group Corp, among others.

These companies adopt various strategies in order to boost their presence and capitalization. For instance, AT&T’s strategy for 2021 and onward is to invest in expanding the network, and associated technologies, in the key areas of sports, venues, entertainment, travel, transportation, business transformation, security and public safety.

The wireless telecommunication services market is segmented as follows: 

 By Service Type

• Voice Services
• Data Services
• Texting Services
• Others

   By Application

• Smart Homes
• Medical & Healthcare
• Hospitality
• Manufacturing
• Automotive & Transportation
• Retail (Supply Chain)
• Agriculture
• Military & Defence

  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