Telecommunication Services in the United States
Summary
Telecommunication Services in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The telecommunication services market is defined as the total volume and value of both the fixed line and the wireless telecommunications market. The market volume here is defined as the number of fixed-line and wireless subscriptions.
- The US telecommunication services market recorded revenues of $362.5 billion in 2023, representing a compound annual growth rate (CAGR) of 3.1% between 2018 and 2023.
- The market consumption volume increased with a CAGR of 3.7% between 2018 and 2023, to reach a total of 0.8 billion subscriptions in 2023.
- The growth of the US telecommunications services market is driven by the rising number of internet users in the country. According to the World Bank, internet users accounted for 94.4% of the total US population in 2023, up from 93.1% the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the telecommunication services market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the telecommunication services market in the United States
- Leading company profiles reveal details of key telecommunication services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States telecommunication services market with five year forecasts by both value and volume
- What was the size of the United States telecommunication services market by value in 2023?
- What will be the size of the United States telecommunication services market in 2028?
- What factors are affecting the strength of competition in the United States telecommunication services market?
- How has the market performed over the last five years?
- Who are the top competitors in the United States's telecommunication services market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the key market players?
- 7.2. What strategies do the key market players follow?
- 7.3. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. AT&T Inc
- 8.2. Verizon Communications Inc.
- 8.3. T-Mobile US, Inc.
- 8.4. Comcast Business Communications LLC
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United States telecommunication services market value: $ billion, 2018-23
- Table 2: United States telecommunication services market volume: million Subscriptions, 2018-23
- Table 3: United States telecommunication services market category segmentation: % share, by value, 2018-2023
- Table 4: United States telecommunication services market category segmentation: $ billion, 2018-2023
- Table 5: United States telecommunication services market geography segmentation: $ billion, 2023
- Table 6: United States telecommunication services market value forecast: $ billion, 2023-28
- Table 7: United States telecommunication services market volume forecast: million Subscriptions, 2023-28
- Table 8: AT&T Inc: key facts
- Table 9: AT&T Inc: Annual Financial Ratios
- Table 10: AT&T Inc: Key Employees
- Table 11: Verizon Communications Inc.: key facts
- Table 12: Verizon Communications Inc.: Annual Financial Ratios
- Table 13: Verizon Communications Inc.: Key Employees
- Table 14: Verizon Communications Inc.: Key Employees Continued
- Table 15: T-Mobile US, Inc.: key facts
- Table 16: T-Mobile US, Inc.: Annual Financial Ratios
- Table 17: T-Mobile US, Inc.: Key Employees
- Table 18: T-Mobile US, Inc.: Key Employees Continued
- Table 19: Comcast Business Communications LLC: key facts
- Table 20: Comcast Business Communications LLC: Key Employees
- Table 21: United States size of population (million), 2019-23
- Table 22: United States real gdp (constant 2010 prices, $ billion), 2019-23
- Table 23: United States gdp (current prices, $ billion), 2019-23
- Table 24: United States inflation, 2019-23
- Table 25: United States consumer price index (absolute), 2019-23
- Table 26: United States exchange rate, 2018-23
- List of Figures
- Figure 1: United States telecommunication services market value: $ billion, 2018-23
- Figure 2: United States telecommunication services market volume: million Subscriptions, 2018-23
- Figure 3: United States telecommunication services market category segmentation: $ billion, 2018-2023
- Figure 4: United States telecommunication services market geography segmentation: % share, by value, 2023
- Figure 5: United States telecommunication services market value forecast: $ billion, 2023-28
- Figure 6: United States telecommunication services market volume forecast: million Subscriptions, 2023-28
- Figure 7: Forces driving competition in the telecommunication services market in the United States, 2023
- Figure 8: Drivers of buyer power in the telecommunication services market in the United States, 2023
- Figure 9: Drivers of supplier power in the telecommunication services market in the United States, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the telecommunication services market in the United States, 2023
- Figure 11: Factors influencing the threat of substitutes in the telecommunication services market in the United States, 2023
- Figure 12: Drivers of degree of rivalry in the telecommunication services market in the United States, 2023
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