Wired Telecommunications Carriers in the US - Industry Market Research Report

Wired Telecommunications Carriers in the US - Industry Market Research Report

Wired Telecommunications Carriers in the US

Wired telecommunications carriers offer local and long-distance voice services using the public switched telephone network and wholesale access to networks for use by companies that provide voice communication services to customers. Once the principal provider of voice communication services, numerous substitutes have siphoned revenue away such as wireless telephony and Voice over Internet Protocol (VoIP) technology. Carriers have also suffered due to the growing demand for fiber-optic broadband internet access. Shifting consumer preferences for newer technologies are estimated to hurt industry revenue. Industry-wide revenue has been declining at an average annualized 2.6% over the past five years and is expected to total $67.5 billion in 2023, when revenue will stagnate. However, profit is expected to increase during the same period as carriers have made cost-cutting measures in response to declining revenue.

This industry provides local and long-distance voice communication services using the public switched telephone network. Industry operators also generate revenue by providing private network services and by wholesaling access to their networks for voice communication. This industry excludes operators that provide wired internet or video services and those that solely resell telecommunications services (IBISWorld report 51791a).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.