Wireless Telecommunications Carriers in Canada - Industry Market Research Report

Wireless Telecommunications Carriers in Canada - Industry Market Research Report

Wireless Telecommunications Carriers in Canada

More than ever, Canadian consumers expect to be connected everywhere, all the time, bringing nearly the entire population to subscribe to a mobile service. Wireless telecommunication carriers have capitalized on this accelerating use of data, as they're the bridge connecting users to the critical mobile networks they need. Still, while telecommunication providers were essential for Canadians to remain connected during the pandemic, revenue fell as in-person visits to retail stores plummeted. Wireless carriers have struggled to strengthen revenue since, even as data usage ramps up nationwide following upticks in travel and hybrid work environments. Steep competition between companies and sky-high capital investments in building, upgrading and maintaining 5G infrastructure limit revenue growth. Industry revenue has been declining at a CAGR of 1.8% to an estimated $32.3 billion – including an expected jump of 2.4% in 2023 – when profit is set to total 35.7%.

Companies in this industry primarily provide wireless telecommunications services to mobile devices over switching and transmission facilities they own and operate. Wireless carriers that provide services through a combination of owned and leased facilities are also included in this industry. Companies primarily generate revenue through prepaid voice telephony services, postpaid voice telephony services, data services and equipment sales.

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."