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Telecom Services Market Size Reach To Fly US$ 3.47 trillion by 2030

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The global Telecom Services market size is expected to be worth around US$ 3.47 trillion by 2030, according to a new report by Vision Research Reports.

The global Telecom Services market size was valued at US$ 1,657.7 billion in 2020 and is anticipated to grow at a CAGR of 5.10% during forecast period 2021 to 2030.

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Telecom Services Market (By Service Type: 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, Wireless; By End-use: Consumer/Residential, Business) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size US$ 3.47 trillion by 2030
Growth Rate CAGR of 5.10% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Service Type, Transmission,End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned 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

Growth Factors

Increased spending on next-generation  infrastructures due to the shift in customer preferences toward the 5G network and cloud-based technology is primarily driving the demand for telecom services. Furthermore, soaring demand for high-speed data connectivity, the rapid spread of digitalization worldwide, and the explosion of consumer-generated multimedia content via Over-The-Top (OTT) applications are some of the other key factors that are expected to significantly contribute to the industry growth.

Key Players

  • AT&T Inc.
  • Verizon Communications Inc.
  • Nippon Telegraph and Telephone Corporation (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

Market Segmentation

  • Service Type Outlook 
    • Fixed Voice Services
    • Fixed Internet Access Services
    • Mobile Voice Services
    • Mobile Data Services
    • Pay-TV Services
    • Machine-to-Machine (Mobile IoT) Services
  • Transmission Outlook 
    • Wireline
    • Wireless
  • End-use Outlook
    • 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
  • Regional Outlook 
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)

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Daksh is an SEO Analyst having 3 years of experienced. we can quickly understand and support initiatives that will contribute to the goals and success of client campaigns. and also Perform keyword research in coordination with client business objectives to optimize existing content and uncover new opportunities.

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