Global Telecom Convergence Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Telecom Convergence Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Telecom convergence is based on IP communication, with VoIP, video communication, multimedia conferencing, collaborative office, address book, and instant messaging as its core business capabilities. No matter where users are, they can access the network and enjoy various services of unified communication. The unified communication platform can also enable users to realize the unification of various communications and the unification of user experience through diversified terminals, unified control, and bearer network with IP as the core, and integrated service platform. Telecommunications convergence is characterized by the combination of services offered by various operators, supported using Internet connectivity.

Market Overview:

The latest research study on the global Telecom Convergence market finds that the global Telecom Convergence market reached a value of USD 177259.0 million in 2022. It’s expected that the market will achieve USD 210419.0 million by 2028, exhibiting a CAGR of 2.9% during the forecast period.

Strength

Telecom convergence has a wide range of applications and large downstream demand
The emergence of new services and technologies is driving the development of telecommunications convergence

Weakness

More suitable for companies that already have the necessary infrastructure
Services, products, or technologies are bundled together and have a greater impact when problems occur.

Opportunities

Policy support for the telecommunications industry in various countries
The development of the Internet of Things, 5G, artificial intelligence, and other technologies provides new opportunities for Telecom convergence

Threat

The capital and technology threshold for entering the industry is high, and the market competition is fierce

This section examines the Telecom Convergence market from five different perspectives, namely, competitive rivalry in the industry, the threat of new entrants, bargaining power of suppliers, bargaining power of buyers, and the threat of substitutes. The industrial trends give a detailed review of the situation of the market players and their position in the Telecom Convergence. The factors affecting their position are examined to understand the opportunities and threats to the players.

Region Overview:

In 2022, the share of the Telecom Convergence market in North America stood at 33.61%.

Company Overview:

AT＆T is one of the major players operating in the Telecom Convergence market, holding a share of 12.57% in 2023.

Segmentation Overview:

By type, Multimedia segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Personal segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Telecom Convergence market covered in Chapter 3:

Softbank Group Corp
Verizon
Nippon Telegraph & Telephone Corp.
Vodafone Group Plc
AT＆T
Deutsche Telekom
Comcast
China Telecom
China Mobile Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Telecom Convergence market from 2018 to 2029 is primarily split into:

Voice
Data
Video
Multimedia

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Telecom Convergence market from 2018 to 2029 covers:

Enterprise
Personal

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)