Telecom Services Market Size At Around US$ 2.65 Trn In 2030

The telecom services market would grow at a CAGR of 4.85% over the predicted time frame. The market is expected to increase in value from US$ 1.81 trn in 2022 to US$ 2.65 trn in 2030.

The telecom services market is soaring due to 5G networks, availability of smartphones as well as e-commerce. Japan, India and China are key countries in the growth of this market. India and China were the leading global Internet users of to 854 million clients as stated by the international telecommunication Union. Increased government initiatives by incorporating ICT are expected to help in the expansion of the Asia Pacific market. There shall be a group of 100 smart city schemes with the amount of money spent which will be USD 600 and million in India. The introduction of IFC in North America and European countries is also expected to help the market grow. The Asia Pacific region will dominate this market due to rapidly growing population, rising Internet penetration and adoption of smartphones.

Report highlights

• Due to R&D in this field there is a major increase in the market share. Availability of smartphones and internet connectivity has increased the market share. The introduction of 5G internet has boosted the market. The Asia Pacific region is expected to grow well in future.
• Based on the type of transmission, the wireless segment hit largest market share 76% in 2021.
• Based on end user, the consumer/residential segment has garnered market share of 61% in 2021.

Market Dynamics

Drivers

Due to liking for smartphones and next generation Internet doesn't increase expenditure on all these. The governments are creating new infrastructures in the market of telecom services. Also, there is a rise in the quantity of mobile subscribers. which have an elevated demand for data connectivity and also a demand for value added services. All of these factors are responsible for the enlargement of the market. During the pandemic, there has been a major shift to digital entertainment in the houses, this has helped in achieving the profit. The market players are investing in order to acquire the necessary spectrum for offering high speed Internet services as this would help them to strengthen their presence in the market.

Restraints

The wireless and the cable Telecommunication network requires an extensive infrastructure in case of corporates or big offices. Maintenance of these infrastructures is also a lot of investment. It is very difficult to reach the some geographical areas. The telecom services are dominated only by a handful of players. Owing to frequent changes in communication technology, there are shorter and shorter upgrade cycles which require new infrastructure so there's a lot of investment. Apart from this, there are network congestion issues that are a leading cause of Internet coverage problems today. Due to improper phone lines or fiber optic cables, infected computers or smartphones there could be malfunctioning also there could be fitment failures due to various climatic changes causing damage to these hardware devices.

Opportunities

5G is the next big thing happening in this sector. Apart from that, the smart city projects that use IoT plays an important role in the development. There is a potential for an extensive broadband market across the various nations. As there are options for high quality communication and Internet services for cable, wireless, satellite Internet providers, consumers will enjoy flexibility in purchasing the services in the years coming. As there are many benefits offered by the 5G network, it also creates security concerns and challenges so there is a need to recheck the cyber security for the 5G era.

Challenges

Many telecom operators like AT&T and Verizon Communications have mentioned that there is a decline in the revenue expansion post covid as the telecom services have become sluggish. As the worldwide financial system has weakened, the per capita earnings of the customers are also coming down thereby reducing the expenditure on unnecessary services. When there are crisis clients expect instant customer service, to meet the consumer demands and stay on the top of the situations becomes a challenge. Building quick and good assistance becomes a problem. As there are millions of subscribers and various products the operational tasks are complex. Even the smallest of the tasks like invoicing fulfillment of the orders and payments are becoming challenging day by day. But as the customers expect a quick reply and they do not tolerate any delays in the processes customer service is a core of the telecom industry. It's a huge challenge to continue operating and providing support even with agents working from home. Therefore, a technology which can be managed from the cloud has become a boon and if some telecom service providers do not have this technology, they need to implement one as soon as possible. New threats come along with new technology. In order to make this in order to secure the networks and applications there should be new technologies and more reliable and secure authentication features.

Recent Developments

• Verizon Communications and AT&T Inc suspend around U.S. dollars 70 million in February 2021. In order to provide 5G connectivity to their customers other service providers are also investing to gain millimeter wave spectrum for delivering great bandwidth connectivity for businesses and other consumers.
• In order to build a robust 5G network infrastructure in US, in April 2020, T-Mobile USA Inc acquired Sprint Corp there shall be an investment of U.S. dollars 40 billion by this merger.

Key market players

• AT&T Inc.
• Verizon Communications Inc.
• China Mobile Limited.
• SoftBank Group Corp.
• Duetsche Telecom AG. KT Corp.
• Vodafone Group.
• Bharti Airtel limited.
• Reliance JioInfocomm limited.
• KT Corp.
• Nippon Telegraph and Telephone Corporation
• Comcast Corporation

Segments covered in the report.

(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)

By Service

• Fixed Voice Services
• Fixed Internet Access Services
• Mobile Voice Services
• Mobile Data Services
• Pay-TV Services
• Machine-to-Machine (Mobile IoT) Services

By Transmission

• Wireline services
• Wireless services

By End User

• Residential
• Offices
• Corporates
• Hospitals
• Others

By Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Philippines
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)
• GCC
• North Africa
• South Africa
• Rest of the Middle East & Africa

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Telecom Services Market 

5.1. COVID-19 Landscape: Telecom Services Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Telecom Services Market, By Service

8.1. Telecom Services Market, by Service Type, 2022-2030

8.1.1. Fixed Voice Services

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Fixed Internet Access Services

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Mobile Voice Services

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Mobile Data Services

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Pay-TV Services

8.1.5.1. Market Revenue and Forecast (2017-2030)

8.1.6. Machine-to-Machine (Mobile IoT) Services

8.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Telecom Services Market, By Transmission

9.1. Telecom Services Market, by Transmission, 2022-2030

9.1.1. Wireline services

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Wireless services

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Telecom Services Market, By End User 

10.1. Telecom Services Market, by End User, 2022-2030

10.1.1. Residential

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Offices

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Corporates

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Hospitals

10.1.4.1. Market Revenue and Forecast (2017-2030)

10.1.5. Others

10.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Telecom Services Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Service (2017-2030)

11.1.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.1.3. Market Revenue and Forecast, by End User (2017-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Service (2017-2030)

11.1.4.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.1.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Service (2017-2030)

11.1.5.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.1.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Service (2017-2030)

11.2.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.2.3. Market Revenue and Forecast, by End User (2017-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Service (2017-2030)

11.2.4.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.2.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Service (2017-2030)

11.2.5.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.2.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Service (2017-2030)

11.2.6.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.2.6.3. Market Revenue and Forecast, by End User (2017-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Service (2017-2030)

11.2.7.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.2.7.3. Market Revenue and Forecast, by End User (2017-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Service (2017-2030)

11.3.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.3.3. Market Revenue and Forecast, by End User (2017-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Service (2017-2030)

11.3.4.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.3.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Service (2017-2030)

11.3.5.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.3.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Service (2017-2030)

11.3.6.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.3.6.3. Market Revenue and Forecast, by End User (2017-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Service (2017-2030)

11.3.7.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.3.7.3. Market Revenue and Forecast, by End User (2017-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Service (2017-2030)

11.4.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Service (2017-2030)

11.4.4.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.4.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Service (2017-2030)

11.4.5.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.4.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Service (2017-2030)

11.4.6.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.4.6.3. Market Revenue and Forecast, by End User (2017-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Service (2017-2030)

11.4.7.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.4.7.3. Market Revenue and Forecast, by End User (2017-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Service (2017-2030)

11.5.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Service (2017-2030)

11.5.4.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.5.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Service (2017-2030)

11.5.5.2. Market Revenue and Forecast, by Transmission (2017-2030)

11.5.5.3. Market Revenue and Forecast, by End User (2017-2030)

Chapter 12. Company Profiles

12.1. AT&T Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Verizon Communications Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. China Mobile Limited.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. SoftBank Group Corp.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Duetsche Telecom AG. KT Corp.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Vodafone Group.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Bharti Airtel limited.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Reliance JioInfocomm limited.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. KT Corp.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Nippon Telegraph and Telephone Corporation

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

12.11. Comcast Corporation

12.11.1. Company Overview

12.11.2. Product Offerings

12.11.3. Financial Performance

12.11.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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