Global Telecom Services Market 2024-2028
Global Telecom Services Market 2024-2028
The telecom services market is forecasted to grow by USD 669.2 bn during 2023-2028, accelerating at a CAGR of 6.22% during the forecast period. The report on the telecom services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for broadband, mergers and acquisitions, and increase in global mobile data traffic.
Technavio's telecom services market is segmented as below:
- By End-user
- Consumer/Residential
- Business
- By Type
- Wireless
- Wireline
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the technological advancements as one of the prime reasons driving the telecom services market growth during the next few years. Also, adoption of 5G technology and high investment by vendors will lead to sizable demand in the market.
The report on the telecom services market covers the following areas:
- Telecom services market sizing
- Telecom services market forecast
- Telecom services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading telecom services market vendors that include AT and T Inc., Bharti Airtel Ltd., BT Group PLC, China Mobile Ltd., China Telecom Corp. Ltd., Cisco Systems Inc., Comcast Corp., Deutsche Telekom AG, Juniper Networks Inc., KDDI Corp., KT Corp., Nippon Telegraph and Telephone Corp., Nokia Corp., Orange SA, Reliance Industries Ltd., SoftBank Group Corp., Tata Teleservices Ltd., Telefonica SA, Verizon Communications Inc., and Vodafone Group PLC. Also, the telecom services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.