Telecom Service Market Report: Trends, Forecast and Competitive Analysis to 2030

Telecom Service Trends and Forecast

The future of the global telecom service market looks promising with opportunities in the consumer/residential and business markets. The global telecom service market is expected to reach an estimated $2.3 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are rising number of mobile subscribers, growing adoption of 5G techology based devices, and increasing demand for fixed broadband services.

A more than 150-page report is developed to help in your business decisions.

Telecom Service by Segment

The study includes a forecast for the global telecom service by service type, transmission, end use, and region.

Telecom Service Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:

• Fixed Voice Services
• Fixed Internet Access Services
• Mobile Voice Services
• Mobile Data Services
• Pay-TV Services
• Machine-To-Machine Services

Telecom Service Market by Transmission [Shipment Analysis by Value from 2018 to 2030]:

• Wireline
• Wireless

Telecom Service Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Consumer/Residential
• Business

Telecom Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Telecom Service Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies telecom service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the telecom service companies profiled in this report include-

• AT&T
• Verizon Communications
• China Mobile
• Deutsche Telekom
• China Telecom
• Telefonica
• Vodafone
• KT Corporation
• Bharati Airtel
• Reliance Jio Infocomm

Telecom Service Market Insights

Lucintel forecasts that mobile data service will remain the largest segment over the forecast period due to its growing demand to enable high speed broadband services in corporate and home applications.

APAC will remain the largest region over the forecast period due to rising investments in 5G networks and substantial acceptance of smartphones among population of the region.

Features of the Global Telecom Service Market

Market Size Estimates: Telecom service market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Telecom service market size by service type, transmission, end use, and region in terms of value ($B).

Regional Analysis: Telecom service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different service types, transmissions, end uses, and regions for the telecom service market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the telecom service market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the telecom service market size?

Answer: The global telecom service market is expected to reach an estimated $2.3 billion by 2030.

Q2. What is the growth forecast for telecom service market?

Answer: The global telecom service market is expected to grow with a CAGR of 6.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the telecom service market?

Answer: The major drivers for this market are rising number of mobile subscribers, growing adoption of 5G techology based devices, and increasing demand for fixed broadband services.

Q4. What are the major segments for telecom service market?

Answer: The future of the telecom service market looks promising with opportunities in the consumer/residential and business markets.

Q5. Who are the key telecom service market companies?

Answer: Some of the key telecom service companies are as follows:

• AT&T
• Verizon Communications
• China Mobile
• Deutsche Telekom
• China Telecom
• Telefonica
• Vodafone
• KT Corporation
• Bharati Airtel
• Reliance Jio Infocomm

Q6. Which telecom service market segment will be the largest in future?

Answer: Lucintel forecasts that mobile data service will remain the largest segment over the forecast period due to its growing demand to enable high speed broadband services in corporate and home applications.

Q7. In telecom service market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rising investments in 5G networks and substantial acceptance of smartphones among population of the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the telecom service market by service type (fixed voice services, fixed internet access services, mobile voice services, mobile data services, pay-TV services, and machine-to-machine services), transmission (wireline and wireless), end use (consumer/residential and business), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?