Telecommunications Market Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: AT&T, Verizon, China Mobile, IBM ,Deutsche Telekom

The global market for Telecommunications is expected to register a CAGR of more than 3.5% during the forecast period 2022-2027.

Telecommunications Market Overview

Rising spending on the deployment of 5G infrastructures due to the shift in customer inclination toward next-generation technologies and smartphone devices is one of the key factors driving this industry. An increasing number of mobile subscribers, soaring demand for high-speed data connectivity, and the growing demand for value-added managed services are the other potential factors fueling the market growth. The global Telecommunication network has undoubtedly been one of the prominent areas for continued technological advancements over the past few decades. Telecommunications service is expected to be hosted majorly on the cloud, because of a large number of mobile users in every region. Cloud hosting is also set to expand further, as more CSPs are adopting this, due to the expanding consumer base. According to GMSA by 2025 the unique mobile subscribers will reach 5.9 billion which is about 71% of the world's population as the subscribers increase the service providers need to address the critical issues such as demand for niche products, high customer churn rate, a faster response rate which will drive the adoption of Telecommunications service.

IoT technology adoption by manufacturing and transportation services companies is driving the telecom market in the forecast period. IoT is a network of physical objects such as devices, vehicles, buildings and other items which are embedded with electronics, software, sensors and network connectivity enable these objects to collect and exchange data. 

Who are the Major Players in Telecommunications Market?

The Telecommunications Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market AT&T, Verizon, China Mobile, IBM ,Deutsche Telekom, NTT, Telkom, Indosat, XL Axiata, Smartfren, AIS, True Corporation, DTAC, TM (Malaysia), Maxis (Malaysia), Axiata (Malaysia), Digi (Malaysia), Viettel, Vinaphone, Mobifone, PLDT, Globe Telecom and others.

Industry News and Updates

14 November 2019: Nokia and AT&T launch IoT Innovation Studio in Germany-- 

Nokia and AT&T are delivering a new Munich-based innovation studio to support the growing global adoption of current and next-generation Internet of Things (IoT) solutions. From connected cars and factories to video analytics and future 5G-enabled applications, the dedicated space will demonstrate both current capabilities and the future of global connected solutions.

June 28, 2021: Verizon Partners with IBM and Red Hat to Deploy Its 5G Network as an Open Hybrid Cloud Platform-- 

IBM and Verizon have a long and successful history of collaboration, built on a shared vision to drive continuous innovation for consumers and businesses in all industries. Over the years, we’ve progressed our work together with this focus in mind – including, most recently, our announcement last summer to collaborate on 5G innovation for enterprise businesses.

What are the major Applications, Types and Regions for Telecommunications Market?

Telecommunications Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

•     Mobile Telecommunications


•     Fixed Telecommunications


•     Others

By Applications it is segmented into

•     Consumer


•     Business


•     Corporate


•     Others

Telecommunications Market Regional Analysis

The huge population of Asian countries such as India and China is augmenting the region's growth in telecom subscribers. North American market growth is projected to be boosted by rapid technical breakthroughs in the domain. The presence of leading telecom firms is also a major factor in the market's expansion across the region. The increasing growth of the telecom business in the area was also aided by the optimization of network investments for customer satisfaction.

Telecommunication market growth is aided by IoT deployment and rising acceptance of artificial intelligence and machine learning. Apart from that, the growing use of smartphones, 4G, and high-speed broadband services in Latin America provide a chance for the telecom business to expand. The many service portfolios supplied by telecommunication products and service providers supplying security, cloud, and IoT solutions are expected to reflect the European telecommunications sector's consistent progression.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Telecommunications Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Telecommunications Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Telecommunications Market report scope?

Key Takeaways from this Telecommunications Report

• Evaluate Telecommunications market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Telecommunications market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Telecommunications Market?

The Telecommunications Market is growing at a CAGR of 3.5% over the next 5 years.

Who are the key players in Telecommunications Market?

AT&T, Verizon, China Mobile, IBM, Deutsche Telekom, NTT, Telkom, Indosat, XL Axiata, Smartfren, AIS, True Corporation, DTAC, TM (Malaysia), Maxis (Malaysia), Axiata (Malaysia), Digi (Malaysia), Viettel, Vinaphone, Mobifone, PLDT, Globe Telecom

What are the significant types of Telecommunications Market?

Mobile Telecommunications, Fixed Telecommunications, Others

What are the major end-use applications of Telecommunications Market?

Consumer, Business, Corporate, Others

On the basis of application, Which segment is likely to hold the major share in the Telecommunications Market?

Consumer segment to hold the largest share in Telecommunications market

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