PUBLISHER: Allied Market Research | PRODUCT CODE: 1179754
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179754
Telecommunication services have proved very beneficial for businesses as they facilitate effective communication with their customers and help establish a healthy relationship with them. Telecommunications services are also beneficial for employees as they enable easy transmission of data and provide efficiency and flexibility. With adoption and integration of cutting-edge communication technologies such as 5G, IoT, and NB-IoT, the global telecommunications market has been undergoing constant transformation. Through a wired or wireless channel, telecommunication is an infrastructure that enables movement of various forms of data, including speech, text, audio, and video, at anytime and anywhere in the globe. The field of telecommunications has developed into a vibrant industry that has a big impact on global social and economic progress. The telecommunications industry is expanding its services and coverage throughout the world and solidifying its place in daily lives of people. Providers of phone, telecommunications, and internet services are included in the telecom sector.
Over past few decades, the sector has grown from voice calls on telephones to mobile data calls, internet conversations, text messages, and TV broadcasting services. Smartphone use is growing along with population growth and social modernization. In addition, substantial technological advancements in the telecom sector caused the defense sector to depend more on telecommunications services and products for improved and expanded communication. Increase in consumer happiness have led operators to update their price plans and services with a focus on increased demand for smart devices and networks with higher capacity.
The telecommunication service market is segmented on the basis of service type, transmission, end user, and region. By service, the market is segmented into mobile data services, fixed internet access services, mobile voice services, fixed voice services, pay-tv services, and mobile messaging. By transmission, it is categorized into wireline services and wireless services. By end user, it is categorized into consumer and business. The business segment is further categorized into manufacturing, energy & utilities, transportation & logistics, government, healthcare, retail, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The market players operating in the telecommunication services market includes Alcatel Lucent Enterprise, AT&T Inc., Bharti Airtel Limited, Cisco Systems Inc., China Mobile Limited, Deutsche Telekom, International Business Machine Corporation (IBM), Juniper Network, KT Corporation, Nippon Telegraph and Telephone Corporation (NTT), Nokia Corporation, Reliance, Softbank Corporation, TATA, Telefonica Corporation, Verizon Communications Inc., and Vodaphone Group. These key players have adopted numerous key development strategies such as partnership and new product launches, which help to strengthen their grip in the telecommunication services market.
Key Benefits For Stakeholders
By Service Type
By Transmission
By End User
By Region