Global Telecom Service
Market Report
2025
Telecom service market size was USD 1794.9 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 6.60% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global telecom service market size was USD 1794.9 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 6.60% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Telecom Service Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 6.6% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Service Type |
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Market Split by End User |
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Market Split by Transmission |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Telecom Service industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Telecom Service Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Networks for communications serve as essential infrastructure for businesses and consumers everywhere. The health of local telecommunications networks is frequently linked to the rate of innovation and development in a given area or industry, with digital transformation pushing a growing demand for speed and dependability. Network operators are looking to install next-generation networks to meet these expectations. The telecom sector has experienced rapid growth in recent years. The constant need for network optimizations, the high level of network performance, technological developments such as SDN, 5G, and NFV, rising smartphone usage and BYOD trends, and the rise in cyberattacks will all contribute to the telecom managed services market's expansion throughout the forecast period.
For instance, in May 2023, the Worldwide Semiannual Telecom Services Tracker from International Data Corporation (IDC) estimated that global spending on telecom and pay-TV services will reach $1,478 billion in 2022, up 2.2% from the previous year. IDC predicts that global spending on telecom and pay TV services will rise 2.0% in 2019 to $1,541 billion.
(Source:www.idc.com/getdoc.jsp?containerId=prUS50644723)
The demand is driven by higher expenditure on next-generation wireless communication setups due to preferences shifting toward 5G networks and cloud-based technology. The market is expected to increase fast as a result of rising demand for high-speed data connectivity, increasing worldwide digitalization, and the proliferation of OTT platforms. The proliferation of 5G-enabled smartphones in every country is a major driver of market expansion. The epidemic has increased the market's size as well. Around the world, entertainment platforms have gained enormous popularity when individuals are alone at home.
For instance, In 2023, the global telecommunications market is predicted to grow strongly, with forecasted global spending of 1.5 trillion US dollars. This is a 2.8 percent increase over the projected expenditure for 2022. In a time of flexible work, the dependability of telecom services has grown more crucial as businesses and governments see the significance of telecom investment in the digital economy.
As the demand for data and connectivity continues to grow, networks can become congested, leading to degraded service quality and slower data speeds. The rapid increase in data consumption due to streaming, online gaming, video conferencing, and other bandwidth-intensive activities substantially strains existing network infrastructure. This need is increased further by the expansion of Internet of Things (IoT) devices and the deployment of 5G networks, which allow for ever more data-hungry applications.
With lockdowns and social distancing measures in place, there was a surge in remote work, online education, and virtual events, leading to an increased demand for reliable internet and telecom services. Data traffic and usage patterns shifted as more people accessed online services from their homes. Voice call and messaging services experienced a temporary resurgence as people sought to stay connected with friends and family during lockdowns. In some regions, voice traffic increased significantly. For instance, Italy saw a 70% increase in national voice traffic during the early days of the pandemic.
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Significant players dominate the consolidated telecom services industry. Primary suppliers from various industries are preparing large investments in this market. As a result, the market is anticipated to expand extraordinarily quickly. To establish a dominant position in the market, the major competitors are utilizing a variety of organic and inorganic growth tactics, including mergers and acquisitions, cooperation and partnerships, and joint ventures.
February 2021: AT&T Inc. and Verizon Communications spent almost USD 70 billion for the 5G spectrum to give their customers better network connectivity. Several other telecom companies, including China Mobile Ltd., KT Corporation, BT Group plc (EE), and Vodafone Group plc, are also making large investments to acquire millimeter wave (mmWave) spectrum.
February 2023: Nokia Corporation released AVA Customer and Mobile Network Insights. This cloud-native analytics software solution streamlines the collection and analysis of 5G network data and provides communications service providers (CSPs) with the most effective and sophisticated analytics available. The solution supports automated and intelligent decision-making based on linked reports produced from data across 5G networks with machine learning and AI techniques.
Top Companies Market Share in Telecom Service Industry: (In no particular order of Rank)
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According to Cognitive Market Research, Due to a variety of factors, Asia-Pacific will lead the market in 2022, accounting for more than 35% of worldwide revenue. By 2030, the region will probably draw over half of all new mobile customers. Platforms for e-commerce and retailer buy-in, the widespread use of smartphones, and investments in 5G networks are the main factors driving the regional market. China, Japan, and India have become major drivers of regional market expansion.
In this region, the market will grow suddenly. Rapidly developing technology advancements, the presence of the major telecom companies in the world seeking to maximize their network investments & heighten client happiness, and an increase in network cyberattacks in this region are all factors supporting the market's expansion in North America.
The current report Scope analyzes Telecom Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Telecom Service Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Telecom Service Industry growth. Telecom Service market has been segmented with the help of its Service Type, End User Transmission, and others. Telecom Service market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the mobile data services sector had the largest market share in 2022. This is explained by customers' steadily increasing use of cell phones. The demand for high-speed internet services for home and commercial applications is also predicted to expand quickly during the forecast period. Additionally, it is predicted that a huge demand for online cloud gaming and access to 4K UHD media will drive the expansion of the data services market.
Machine-to-Machine (Mobile IoT) services hold a significant market share due to the spread of the Internet of Things (IoT) devices, which has increased due to their development in several industry sectors, including manufacturing, healthcare, energy and utilities, and the public sector. By 2030, there will likely be more than 50 billion connected gadgets. The rapidly expanding IoT devices will need high-speed data access to function and communicate flawlessly.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Telecom Service Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the consumer/residential category had the biggest revenue share in 2022 and is expected to maintain its lead throughout the projection period. The increased usage of cell phones is being blamed for the significant increase. In 2020, there were more than 8 billion mobile subscribers worldwide, with smartphones used by more than 60% of the population.
The consumer/residential segment offering ranks second in usage. The introduction of next-generation high-speed networks has increased the demand for telecom services in commercial applications. Businesses are deploying 5G small cell networks and private LTE and 5G networks to access faster data bandwidth and reduce network latency.
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The wireless market category held a market share in 2022. The growth of cloud computing, AI, and IoT is predicted to greatly contribute to the worldwide expansion of wireless communication channels. Wireless Local Area Network (WLAN) systems have been quickly adopted throughout the years, allowing cellular devices in private households, public spaces, airports, office buildings, cafeterias, and other locations to connect to the Internet.
According to Cognitive Market Research, wireline is the second-most popular. Information is sent across twisted pair, coaxial, and optical fiber cables in wireline communication. The wireless technique uses radio frequency (RF) waves, transmitters, and receivers to send data Over-The-Air (OTA).
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Telecom Service Market is witnessing significant growth in the near future.
In 2023, the Fixed Voice Services segment accounted for noticeable share of global Telecom Service Market and is projected to experience significant growth in the near future.
The Consumer/Residential segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Nokia Corporation , Verizon Communications Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Service Type | Fixed Voice Services, Fixed Internet Access Services, Mobile Voice Services, Mobile Data Services, Pay-Tv Services, Machine-to-Machine (Mobile IoT) Services |
End User | Consumer/Residential, Business, IT & Telecom, Manufacturing, Healthcare, Retail, Media & Entertainment, Government & Defense, Education, BFSI, Energy and utilities, Transportation & Logistics, Travel & Hospitality, O&G and Mining, Others |
Transmission | Wireline, Wireless |
List of Competitors | Nokia Corporation, AT&T Inc., Verizon Communications Inc., NTT, China Mobile Ltd., Deutsche Telekom AG, SoftBank Group Corp., China Telecom Corp Ltd., Telefonica SA, Vodafone Group, KT Corporation, Bharati Airtel Limited, Reliance Jio Infocomm Limited, KDDI Corporation, Orange SA, BT Group plc, Comcast Corporation |
This chapter will help you gain GLOBAL Market Analysis of Telecom Service. Further deep in this chapter, you will be able to review Global Telecom Service Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Telecom Service. Further deep in this chapter, you will be able to review North America Telecom Service Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Telecom Service. Further deep in this chapter, you will be able to review Europe Telecom Service Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Telecom Service. Further deep in this chapter, you will be able to review Asia Pacific Telecom Service Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Telecom Service. Further deep in this chapter, you will be able to review South America Telecom Service Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Telecom Service. Further deep in this chapter, you will be able to review Middle East Telecom Service Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Telecom Service. Further deep in this chapter, you will be able to review Middle East Telecom Service Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Telecom Service. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Service Type Analysis 2019 -2031, will provide market size split by Service Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Service Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End User Analysis 2021 - 2033
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Chapter 12 Market Split by Transmission Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Telecom Service market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Fixed Voice Services have a significant impact on Telecom Service market? |
What are the key factors affecting the Fixed Voice Services and Fixed Internet Access Services of Telecom Service Market? |
What is the CAGR/Growth Rate of Consumer/Residential during the forecast period? |
By type, which segment accounted for largest share of the global Telecom Service Market? |
Which region is expected to dominate the global Telecom Service Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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