The Telecom Towers Market size is estimated at USD 28.48 billion in 2024, and is expected to reach USD 32.75 billion by 2029, growing at a CAGR of 2.84% during the forecast period (2024-2029).
The increasing penetration of high-speed internet services globally and the sharp rise in the number of smartphone and smart device users worldwide are some of the key driving factors expected to affect the growth trajectory of the global telecom tower market in the next years.
The telecom tower market is semi-consolidated and consists of several major players, such as American Tower Corporation, Helios Towers PLC, Indus Towers Limited (Bharti Infratel), China Tower Corporation, and SBA Communications Corporation. Only some significant players currently dominate the market in terms of market share. These major players in the telecom tower market are expanding their customer base internationally through strategic collaborations and acquisitions of telecom tower startups. This has led to a moderately high market concentration, with a few dominant players benefiting from significant market share and profitability.
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