PUBLISHER: MarketLine | PRODUCT CODE: 1310833
PUBLISHER: MarketLine | PRODUCT CODE: 1310833
Global Wireless Telecommunication Services industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The wireless telecommunications services market is defined here as including cellular (mobile) phones, pagers, and any other wireless or cellular telecommunication service.
Market values are in terms of revenues, based on payments to operators of all of these services for subscriptions and usage.
Market volumes are in terms of total numbers of subscribers for each of these services.
Market shares are in terms of subscriber volumes. Regional market shares are at a parent company level.
All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
The global wireless telecommunication services market had total revenues of $775.4 billion in 2022, representing a compound annual growth rate (CAGR) of 0.6% between 2017 and 2022.
Market volume increased at a CAGR of 3.2% between 2017 and 2022, reaching a total of 7,517 million subscribers in 2022.
The growth of the global wireless telecommunication services market can also be attributed to the increase in mobile penetration across the globe. For instance, according to in-house research, mobile penetration in Japan stood at 163.3 per 100 people in 2022.