The 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.
Market Overview
The 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 the electronic devices and wireless mediums. The services that are provided by the wireless telecommunication are texting, email, paging, accessing the internet through the smartphones, and other types of satellite wireless telecommunication services.
COVID-19 Impact Analysis
As due to the COVID 19 pandemic, majorly every industry was shut 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 field work. 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 the 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 the organizations are making use of the 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 the recent years, there has been an increased rate of adoption of the solutions and the services that are based on the advanced technology by the 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 the 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:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
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 2021 to 2028 |
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. |
Service Type Segment Analysis Preview
The data services segment held a share of over 44 % in 2020. Data services are being consumed by the users globally for a number of purposes. The last decade has seen a huge rise in the demand for the data services as the smartphones have revolutionized the mobile sector. These services are being used to communicate, browse information, use applications and many more purposes. As the data speed and technology keeps 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
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.
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
By Application
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Service Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Wireless Telecommunication Services Market Revenue, 2016 – 2020 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Service Type, 2020 & 2028
FIG NO. 7. Global Wireless Telecommunication Services Market for Voice Services, Revenue (USD Million) 2016 – 2020
FIG NO. 8. Comparative Revenue Analysis of Wireless Telecommunication Services Market for Voice Services, By Country, 2020 & 2028
FIG NO. 9. Global Wireless Telecommunication Services Market for Data Services, Revenue (USD Million) 2016 – 2020
FIG NO. 10. Comparative Revenue Analysis of Wireless Telecommunication Services Market for Data Services, By Country, 2020 & 2028
FIG NO. 11. Global Wireless Telecommunication Services Market for Texting Services, Revenue (USD Million) 2016 – 2020
FIG NO. 12. Comparative Revenue Analysis of Wireless Telecommunication Services Market for Texting Services, By Country, 2020 & 2028
FIG NO. 13. Global Wireless Telecommunication Services Market for Others, Revenue (USD Million) 2016 – 2020
FIG NO. 14. Comparative Revenue Analysis of Wireless Telecommunication Services Market for Others, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 16. Global Wireless Telecommunication Services Market for Smart Homes, Revenue (USD Million) 2016 – 2020
FIG NO. 17. Comparative Revenue Analysis of Wireless Telecommunication Services Market for Smart Homes, By Country, 2020 & 2028
FIG NO. 18. Global Wireless Telecommunication Services Market for Medical & Healthcare, Revenue (USD Million) 2016 – 2020
FIG NO. 19. Comparative Revenue Analysis of Wireless Telecommunication Services Market for Medical & Healthcare, By Country, 2020 & 2028
FIG NO. 20. Global Wireless Telecommunication Services Market for Hospitality, Revenue (USD Million) 2016 – 2020
FIG NO. 21. Comparative Revenue Analysis of Wireless Telecommunication Services Market for Hospitality, By Country, 2020 & 2028
FIG NO. 22. Global Wireless Telecommunication Services Market for Manufacturing, Revenue (USD Million) 2016 – 2020
FIG NO. 23. Comparative Revenue Analysis of Wireless Telecommunication Services Market for Manufacturing, By Country, 2020 & 2028
FIG NO. 24. Global Wireless Telecommunication Services Market for Automotive & Transportation, Revenue (USD Million) 2016 – 2020
FIG NO. 25. Comparative Revenue Analysis of Wireless Telecommunication Services Market for Automotive & Transportation, By Country, 2020 & 2028
FIG NO. 26. Global Wireless Telecommunication Services Market for Retail (Supply Chain), Revenue (USD Million) 2016 – 2020
FIG NO. 27. Comparative Revenue Analysis of Wireless Telecommunication Services Market for Retail (Supply Chain), By Country, 2020 & 2028
FIG NO. 28. Global Wireless Telecommunication Services Market for Retail (Supply Chain), Revenue (USD Million) 2016 – 2020
FIG NO. 29. Comparative Revenue Analysis of Wireless Telecommunication Services Market for Retail (Supply Chain), By Country, 2020 & 2028
FIG NO. 30. Global Wireless Telecommunication Services Market for Agriculture, Revenue (USD Million) 2016 – 2020
FIG NO. 31. Comparative Revenue Analysis of Wireless Telecommunication Services Market for Agriculture, By Country, 2020 & 2028
FIG NO. 32. Global Wireless Telecommunication Services Market Revenue Share, By Region, 2020 & 2028
FIG NO. 33. North America Wireless Telecommunication Services Market Revenue, 2016 - 2020 (USD Million)
FIG NO. 34. Porter’s Five Forces Analysis for Global Wireless Telecommunication Services Market
FIG NO. 35. PEST Analysis for Global Wireless Telecommunication Services Market
FIG NO. 36. Pricing Analysis for Global Wireless Telecommunication Services Market
FIG NO. 37. Value Chain Analysis for Global Wireless Telecommunication Services Market
FIG NO. 38. Company Share Analysis, 2019
FIG NO. 39. Radar Determinant Chart, 2019
FIG NO. 40. Company Strategic Developments – Heat Map Analysis
FIG NO. 41. AT&T, Inc. Business Segment Revenue Share, 2020 (%)
FIG NO. 42. AT&T, Inc. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 43. Market Channels
FIG NO. 44. Marketing Channel Development Trend
FIG NO. 45. Growth in World Gross Product, 2008-2018
FIG NO. 46. Research Methodology – Detailed View
FIG NO. 47. Research Methodology
List of Tables
TABLE NO. 1. Global Wireless Telecommunication Services Market: Snapshot
TABLE NO. 2. Quarterly Wireless Telecommunication Services Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Wireless Telecommunication Services Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Wireless Telecommunication Services Market for Voice Services, by Region, 2016 – 2020 (USD Million)
TABLE NO. 7. Global Wireless Telecommunication Services Market for Data Services, by Region, 2016 – 2020 (USD Million)
TABLE NO. 8. Global Wireless Telecommunication Services Market for Texting Services, by Region, 2016 – 2020 (USD Million)
TABLE NO. 9. Global Wireless Telecommunication Services Market for Others, by Region, 2016 – 2020 (USD Million)
TABLE NO. 10. Global Wireless Telecommunication Services Market for Smart Homes, by Region, 2016 – 2020 (USD Million)
TABLE NO. 11. Global Wireless Telecommunication Services Market for Medical & Healthcare, by Region, 2016 – 2020 (USD Million)
TABLE NO. 12. Global Wireless Telecommunication Services Market for Hospitality, by Region, 2016 – 2020 (USD Million)
TABLE NO. 13. Global Wireless Telecommunication Services Market for Manufacturing, by Region, 2016 – 2020 (USD Million)
TABLE NO. 14. Global Wireless Telecommunication Services Market for Automotive & Transportation, by Region, 2016 – 2020 (USD Million)
TABLE NO. 15. Global Wireless Telecommunication Services Market for Retail (Supply Chain), by Region, 2016 – 2020 (USD Million)
TABLE NO. 16. Global Wireless Telecommunication Services Market for Retail (Supply Chain), by Region, 2016 – 2020 (USD Million)
TABLE NO. 17. Global Wireless Telecommunication Services Market for Agriculture, by Region, 2016 – 2020 (USD Million)
TABLE NO. 18. Global Wireless Telecommunication Services Market Revenue, By Region, 2016 – 2020 (USD Million)
TABLE NO. 19. North America Wireless Telecommunication Services Market Revenue, By Country, 2016 – 2020 (USD Million)
TABLE NO. 20. North America Wireless Telecommunication Services Market Revenue, By Service Type, 2016 – 2020 (USD Million)
TABLE NO. 21. North America Wireless Telecommunication Services Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 22. U.S. Wireless Telecommunication Services Market Revenue, By Service Type, 2016 – 2020 (USD Million)
TABLE NO. 23. U.S. Wireless Telecommunication Services Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 24. Canada Wireless Telecommunication Services Market Revenue, By Service Type, 2016 – 2020 (USD Million)
TABLE NO. 25. Canada Wireless Telecommunication Services Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 26. Mexico Wireless Telecommunication Services Market Revenue, By Service Type, 2016 – 2020 (USD Million)
TABLE NO. 27. Mexico Wireless Telecommunication Services Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 28. Drivers for the Wireless Telecommunication Services Market: Impact Analysis
TABLE NO. 29. Restraints for the Wireless Telecommunication Services Market: Impact Analysis
TABLE NO. 30. Major Buyers of Wireless Telecommunication Services Market
TABLE NO. 31. Distributors/Traders List of Wireless Telecommunication Services Market
TABLE NO. 32. Global Wireless Telecommunication Services Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 33. Global Wireless Telecommunication Services Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
Request the coronavirus impact analysis across industries and markets
The wireless telecommunication services market was valued at 879.8 USD Billion in 2020.
The wireless telecommunication services market is expected to reach USD 1268 Billion by 2028, growing at a CAGR of 4.7 % between 2021 to 2028.
Some of the key factors driving the wireless telecommunication services market growth are, increased rate of adoption of the solutions and the services that are based on the advanced technology by the organizations as well as the usage of smartphones.
The North America region held a substantial share of the market in 2020. The presence of a large number of market players is going to contribute significantly towards the growth of the wireless telecommunication services market in the region.
Some of the major companies operating 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.
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