Telecom Services Market

Telecom Services Market by Services (Fixed Internet Access Services, Fixed Voice Services, Machine-to-Machine (Mobile IoT) Services, Mobile Data Services, Mobile Voice Services, and Pay-Tv Services), Transmissions (Wireless and Wireline), End-users (Consumer/Residential and Business [Travel & Hospitality, Transportation & Logistics, Retail, Energy and Utilities, Government & Defense, Healthcare, IT & Telecom, Manufacturing, BFSI, Education, Media & Entertainment, and O&G and Mining), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Trends, Size, and Forecast 2021 – 2028

  • Report ID: ICT-SE-439
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 3
  • No. Of Pages: 146
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The global telecom services market was valued at USD 1,650 Million in 2020 and is predicted to expand at a CAGR of 5.5% during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing expenditure on the 5G infrastructure owing to the rising inclination toward next-generation technologies and smartphone devices.

Telecom Services Market Key Takeaways

Telecommunication providers offer various telecom service provider facilities to the customers through telecommunication system. Over the years, the industry’s product offering developed from voice signals to visual signals on the basis of telegraphs to the present situation of exchanging text, audio, and video content over several wireless channels with the help of fiber optics or cables.

The telecom services market has experienced numerous developments in form of data speeds, which include the inception of global system for mobile communications (GSM) and code division multiple access (CDMA) to the establishment of 3G, 4G, and now the emergence of 5G networks. The duration of transferring large amount of data reduced from days to hours and hours to few seconds, which has been made possible due to the arrival of data connectivity.

The global telecom service providers and digital entertainment platforms/Over-the-top (OTT) platforms have gained enormous profit from the situation of COVID-19 pandemic. Since the year 2020, the usage of several digital platforms such as gaming, OTT channels, and social media applications have been significantly increased owing to the temporary shutdown of entertainment places as well as multiplexes, due to the COVID-19 pandemic. During this pandemic, the mobile voice traffic has witnessed a robust increase across the globe.

The demand for high bandwidth along with high-speed connectivity has been enlarged due to the rising consumption of digital media platforms by the users around the globe. Recently, various telecom service companies has forced OTT suppliers to decrease the streaming resolution of their media content due to the increasing consumption of digital media platforms. The Cellular Operators Association of India (COAI) has requested video streaming suppliers to reduce their high definition (HD) content quality to a standard definition (SD).

Market Trends, Drivers, Restraints, and Opportunities:

  • Rising demand for high-speed data connectivity owing to growing number of mobile users is expected to fuel the market growth.
  • Several marketers and customers are increasing their inclination toward OTT applications and its content, which in turn, can foster the growth of market during the forecast period.
  • Growing number of super-fast Internet Protocol (IP) networks and open-source platforms is projected to support the expansion of market.
  • The congestion in Internet traffic may hinder the market growth during the analysis period.
  • Rising R&D activities by some market players and growing support of some government state bodies to the telecom services to ensure smooth functioning of their data and voice carriers are presenting numerous opportunities for the expansion of market.

Scope of the Report

The report on the global telecom services market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in this report.

Attributes

Details

Report Title

Telecom Services Market - Global Industry Analysis, Growth, Share, Trends, Size, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Services (Fixed Internet Access Services, Fixed Voice Services, Machine-to-Machine (Mobile IoT) Services, Mobile Data Services, Mobile Voice Services, and Pay-Tv Services), Transmissions (Wireless and Wireline), and End-users (Consumer/Residential and Business [Travel & Hospitality, Transportation & Logistics, Retail, Energy and Utilities, Government & Defense, Healthcare, IT & Telecom, Manufacturing, BFSI, Education, Media & Entertainment, and O&G and Mining])

Regional Scope

Asia Pacific, Europe, North America, Latin America, and Middle East & Africa

Report Coverage

Company Share, Growth Factors, Market Analysis and Size, Competitive Landscape, and Trends, and Revenue Forecast

Key Players Covered in the Report

AT&T Inc., Bharati Airtel Limited, BT Group plc, China Mobile Ltd., China Telecom Corp Ltd., Comcast Corporation, Deutsche Telekom AG, KDDI Corporation, KT Corporation, Nippon Telegraph and Telephone Corporation (NTT), Orange SA, Reliance Jio Infocomm Limited, SoftBank Group Corp., Telefonica SA, Verizon Communications Inc., and Vodafone Group


Global Telecom Services Market Segment Insights

Mobile data segment anticipated to hold a large market share
Based on services the market is divided into fixed internet access services, fixed voice services, machine-to-machine (mobile IoT) services, mobile data services, mobile voice services, and pay-tv services. The mobile data segment is anticipated to hold a large market share during the forecast period and is expected to expand at a substantial CAGR during the forecast period, 2021 to 2028. This is attributed to the rising penetration of smartphones across the globe.

Increasing demand for high-speed broadband services in the commercial and household sectors is fueling the growth of the mobile IoT services segment. Moreover, the growing demand for broadband services for online gaming and streaming 4K UHD videos is fostering the segment growth.

Several industry verticals such as manufacturing, energy and utilities, public sector, healthcare, and others are adopting the internet of things (IoT) connected devices, which is increasing the customer base for the market. As per the statistics, the number of IoT connected devices is anticipated to reach surpass 50 Billion by 2028.

Telecom Services Market By Services

Wireless segment to account a significant market share
On the basis of transmissions, the market is bifurcated into wireless and wireline. The wireless segment is anticipated to account a significant share of the market and is predicted to expand at a robust CAGR during the forecast period. The major factors contributing to the growth of wireless segment includes artificial intelligence (AI), IoT, and cloud computing technologies. Rising application of wireless local area networks (WLANs) has facilitated the Internet access to cellular devices in offices, cafes, airports, private homes, and public spaces, among others.

Moreover, the emerging 5G wave is anticipated to bridge the gap between the remote and wireline networks, and is projected to penetrate in residential, public end business places. The wireline channel of 5Gl plays an important role in the market. As it provides a better mobile user quality and optimizing network performance than wireless channel.

The wireline communication includes transmission of data through twisted pair, coaxial, and optical fiber cables. It helps to transfer data over-the-air (OTA) using transmitters, receivers, and radio frequency waves. The growth of wireline segment is attributed to the increasing number of SMEs and MNCs in countries such as China, the US, and the UK, which operates over a broad network of integrated services, including digital network (ISDN) and public switched telephone networks (PSTN).

Consumer/residential segment to account a large revenue share
By end-users, the market is bifurcated into consumer/residential and business. The business segment is further divided into travel & hospitality, transportation & logistics, retail, energy and utilities, government & defense, healthcare, it & telecom, manufacturing, BFSI, education, media & entertainment, and O&G and mining. The consumer/residential segment is expected to account a large revenue share during the forecast period owing to the increasing smartphone users around the globe.

The private telecom operators currently owns a larger customer base as compared to government owned telecom companies. Additionally, the increasing demand for OTT applications is urging the customers to subscribe wireless Internet offerings which is contributing to the implementation of communication networks for the consumer/residential segment. Rising use of online gaming and watching ultra-high-definition videos is projected to fuel the segment growth during the forecast period.

Growing implementation of next-generation high speed network has increased the demand for Internet offerings in business applications. Several businesses are installing 5G and private LTE networks to ensure smooth routine. Furthermore, the advanced bandwidth connectivity is supporting the businesses to improve the overall customer experience, which is proliferating the growth of the business segment.

Asia Pacific to account a large market share
In terms of regions, the global telecom services market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to account for a large market share and is projected to expand at a high CAGR owing to the increasing smartphone devices. The major factors driving the regional market growth includes investments in 5G networks and increasing e-commerce and retailer buy-in platforms. Emerging countries such as China, India, and Japan are significantly contributing to the regional market growth. According to the report published by international telecommunication union (ITU), China and India were ranked top amongst the global internet users with more than 854.1 million and 560.1 million users respectively in the year 2020. Increasing initiatives by government state bodies on digital integration through information communication technologies (ICT) is expected to propel the market growth in the region. For instance, the Indian government has spent over USD 600 million on the advancement of 100 smart city projects, where IoT plays an important role in the modification of those cities to transform them into ‘smart-cities’.

The market in North America is expected to account a considerable revenue share owing to the increasing user expenditure on smartphone devices along with the acceptance of digitalized technologies. Moreover, the deployment of 5G services in the countries such as the US and Canada is propelling the regional market growth.

 Telecom Services Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Telecom Services Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Telecom Services Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Telecom Services Market - Supply Chain
  4.5. Global Telecom Services Market Forecast
     4.5.1. Telecom Services Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Telecom Services Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Telecom Services Market Absolute $ Opportunity
5. Global Telecom Services Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Telecom Services Market Size and Volume Forecast by End Users
     5.3.1. Consumer/Residential Business
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Telecom Services Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Telecom Services Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Telecom Services Demand Share Forecast, 2019-2026
7. North America Telecom Services Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Telecom Services Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Telecom Services Market Size and Volume Forecast by End Users
     7.4.1. Consumer/Residential Business
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Telecom Services Demand Share Forecast, 2019-2026
8. Latin America Telecom Services Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Telecom Services Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Telecom Services Market Size and Volume Forecast by End Users
     8.4.1. Consumer/Residential Business
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Telecom Services Demand Share Forecast, 2019-2026
9. Europe Telecom Services Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Telecom Services Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Telecom Services Market Size and Volume Forecast by End Users
     9.4.1. Consumer/Residential Business
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Telecom Services Demand Share Forecast, 2019-2026
10. Asia Pacific Telecom Services Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Telecom Services Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Telecom Services Market Size and Volume Forecast by End Users
     10.4.1. Consumer/Residential Business
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Telecom Services Demand Share Forecast, 2019-2026
11. Middle East & Africa Telecom Services Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Telecom Services Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Telecom Services Market Size and Volume Forecast by End Users
     11.4.1. Consumer/Residential Business
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Telecom Services Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Telecom Services Market: Market Share Analysis
  12.2. Telecom Services Distributors and Customers
  12.3. Telecom Services Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. AT&T Inc.
     12.4.2. Bharati Airtel Limited
     12.4.3. BT Group plc
     12.4.4. China Mobile Ltd.
     12.4.5. China Telecom Corp Ltd.
     12.4.6. Comcast Corporation
     12.4.7. Deutsche Telekom AG
     12.4.8. KDDI Corporation
     12.4.9. KT Corporation
     12.4.10. Nippon Telegraph and Telephone Corporation (NTT)
Segments Covered in the Report
The global telecom services market has been segmented based on

Services
  • Fixed Internet Access Services
  • Fixed Voice Services
  • Machine-to-Machine (Mobile IoT) Services
  • Mobile Data Services
  • Mobile Voice Services
  • Pay-Tv Services
Transmissions
  • Wireless
  • Wireline
End-users
  • Consumer/Residential
  • Business
  • Travel & Hospitality
  • Transportation & Logistics
  • Retail
  • Energy and utilities
  • Government & Defense
  • Healthcare
  • IT & Telecom
  • Manufacturing
  • BFSI
  • Education
  • Media & Entertainment
  • O&G and Mining
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • AT&T Inc.
  • Bharati Airtel Limited
  • BT Group plc
  • China Mobile Ltd.
  • China Telecom Corp Ltd.
  • Comcast Corporation
  • Deutsche Telekom AG
  • KDDI Corporation
  • KT Corporation
  • Nippon Telegraph and Telephone Corporation (NTT)
  • Orange SA
  • Reliance Jio Infocomm Limited
  • SoftBank Group Corp.
  • Telefonica SA
  • Verizon Communications Inc.
  • Vodafone Group
Some major players of the global telecom services market include AT&T Inc., Bharati Airtel Limited, BT Group plc, China Mobile Ltd., China Telecom Corp Ltd., Comcast Corporation, Deutsche Telekom AG, KDDI Corporation, KT Corporation, Nippon Telegraph and Telephone Corporation (NTT), Orange SA, Reliance Jio Infocomm Limited, SoftBank Group Corp., Telefonica SA, Verizon Communications Inc., and Vodafone Group.

These market players are concentrating on the strategies such as mergers and acquisitions in order to enhance their product portfolio and market share. Moreover, government are undertaking initiatives to build 5G infrastructure. For instance, in December 2020, the Ireland Commission for Communications Regulation (ComReg) has announced an additional radio spectrum in the range of 700 megahertz to 2.6 gigahertz bands to allow the mobile network operators to offer their customers access to the 3G and 4G technologies. Additionally, the Federal Communications Commission (FCC) has assigned an extra spectrum to the communication network service suppliers guaranteeing continuity of broadband in the US.

In April 2020, T-Mobile US purchased Sprint Corporation, a US.-based telecommunication company. This strategy was implied in the account to develop 5G network infrastructure in the US and acquire maximum market share in rural as well as in the urban areas.

In February 2021, AT&T Incorporation and Verizon Communications together spent approximately USD 70.1 billion on the 5G spectrum to offer an enhanced network connectivity to their clients.
 
Telecom Services Market By Key Players

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