USD 1700.2 billion
Global Telecommunication Market Size, Share, Growth Analysis, By Component(Hardware (Broadcast Communication Equipment, Telecom Infrastructure Equipment), By Enterprise(SMEs, Large), By Industry(Retail & E-Commerce, IT & ITES) - Industry Forecast 2023-2030
Report ID: SQSG50C2004 | Region: Global | Published Date: April, 2023 | Pages: 160 | Tables: 103 | Figures: 76
Global Telecommunication Market Insights
Global Telecommunication Market size was valued at USD 1700.2 billion in 2021 and is poised to grow from USD 1805.61 billion in 2022 to USD 3102.74 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).
The telecommunications industry includes a set of communication instruments. The global growth in demand for communications is pushing the market possibilities for telecommunication. Telecommunication has played an important role in enhancing the quality of communication, particularly through voice and video conferencing. E-commerce retail, media & entertainment, IT & telecom, healthcare, transportation & logistics, and others are the primary industry verticals for analyzing potential in the telecommunications market. Based on these reasons, the telecommunications industry is expected to increase at a significant CAGR from 2022 to 2028.
In an era where high-speed communication is more important than ever, 5G is ready to match these lofty expectations. The network benefits from lower connectivity costs, ultrafast speed, and the much-anticipated lower latency, not to mention how better and faster connectivity might boost mobility, farming, healthcare, and retail, or the trillion-dollar increase in global GDP. As firms begin to progressively roll out 5G ready products and infrastructures, it is reasonable to conclude that connectivity is making significant progress toward the future.
US Telecommunication Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot
Global Market Size
Largest Segment
Large Enterprise
Fastest Growth
Large Enterprise
Growth Rate
6.2% CAGR
Global Telecommunication Market 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
Global Telecommunication Market Size by Enterprise 2021-2028 ($ Mn)
Global Telecommunication Market Size by Enterprise 2021-2028 (%)
To get more reports on the above market click here to Buy The Report
Global Telecommunication Market Segmental Analysis
The Global Telecommunication Market is segmented by component, enterprise, industry, and region. Based on the Component, the Global Telecommunication Market is segmented into Hardware, Software, and Services. Based on the Enterprise, the Global Telecommunication Market is segmented as Large and SMEs. Base on the industry the Telecommunication Market is segmented into E-commerce retail, media & entertainment, IT & telecom, healthcare, transportation & logistics, and others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Telecommunication Market Analysis by Component
In 2021, the services segment accounted for a major Telecommunication Market share followed by hardware. The services segment is further segmented into telecommunication services, installation, and integration services, repair and maintenance services, and managed services. Similarly, the hardware segment is further classified into broadcast communication equipment, telecom infrastructure equipment, and consumer premise equipment. The software segment is divided into on-premise and cloud.
Global Telecommunication Market By Enterprise, 2021 (%)
To get detailed analysis on other segments, Request For Sample Report
Global Telecommunication Market Regional Insights
In 2021, Asia Pacific was the largest region in the telecom market. North America was the second-largest region in terms of telecom market share. Because of the high unmet need for telecom services in the Asia Pacific, the region's telecommunications industry is predicted to develop rapidly. The growing number of telecommunications users in India and China is driving the adoption of new communication platforms. These factors will assist the Asia Pacific telecommunications market in maintaining a dominant position throughout the projected period of 2022-2028. Rapid technical advancements in the field are projected to drive Telecommunication Market expansion in North America.
The presence of leading telecom providers is also a crucial driver of the region's industrial growth. Optimization of network investments for customer satisfaction also contributed to the area's growing telecom business. Furthermore, The deployment of IoT and the rising acceptance of artificial intelligence and machine learning all contribute to the growth of the telecommunications industry. Aside from that, the increased use of smartphones, 4G, and high-speed broadband services provides a potential for the Latin American telecom business to flourish.
Asia Pacific Telecommunication Market By Country, 2021 - 2028
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Telecommunication Market Dynamics
Telecommunication Market Driver
- Cloud computing architecture that can be integrated with the impending 5G infrastructure has been actively developed in recent years by players. Cloud-based telephony solutions play an important role in keeping employees connected and contributing to increased work productivity. Revenue advantages from the expanding trend of online shopping are projected to benefit telecom sector companies. This feature has provided a platform for telecommunications businesses to promote their goods based on user preferences. Companies engaged in the telecommunications business have had a significant impact on the market's pathways. Furthermore, the combination of product offers and services has resulted in the creation of a new digital arena for customers.
Telecommunication Market Restraint
- High capital investments and license fees, as well as continuous technological progress leading to changes in the existing infrastructure are the key restraints associated with this industry.
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Global Telecommunication Market Competitive Landscape
The Global Telecommunications Market's top companies are working on upgrading their goods and services. They are performing research and development to create new technologies that will make communication easier and more convenient. To preserve their market supremacy, the leading firms are entering into new alliances such as partnerships, joint ventures, mergers, and acquisitions.
Telecommunication Market Top Player’s Company Profiles
- AT&T Inc.
- Verizon Communications Inc.
- China Mobile Ltd.
- Vodafone Group Plc
- Nippon Telegraph and Telephone Corporation (NTT)
- Deutsche Telekom AG
- SoftBank Group Corp.
- America Movil, S.A.B. de C.V.
- Orange S.A.
- Telefonica S.A.
- BT Group plc
- Bharti Airtel Limited
- China Telecom Corporation Limited
- Comcast Corporation
- SK Telecom Co., Ltd.
- KDDI Corporation
- Telecom Italia S.p.A.
- Rogers Communications Inc.
- Telstra Corporation Limited
- T-Mobile US, Inc.
Telecommunication Market Recent Developments
- In February 2022, Global Telecom, a pioneer in wireless technology engineering at the interface of hardware and network, has announced the release of its MERCURY series of tri-connectivity modules – the first custom-designed modules enabling connectivity to satellite, cellular, and private networks (also known as Band 53), as well as Wi-Fi and Bluetooth.
- In June 2020, AT&T launched 5G in 28 new markets, including the first to use Dynamic Spectrum Sharing (DSS) technology.
- In August 2019, A&T worked with Dell Technologies to provide open infrastructure technologies for the next-generation network edge to enable cloud-oriented 5G technology. The created service will be utilized to decrease latency, increase performance, and bring computation closer to end-users.
Global Telecommunication Key Market Trends
- IoT devices and sensors have an impact on practically every industry in the technology economy. It raises people's quality of life, enables businesses to make more money, and improves management. IoT is also advantageous for governments seeking to reduce their information technology (IT)-related costs. The interconnection of devices, sensors, infrastructure, and computing elements opens up new management possibilities. Decentralized operations, condition-based monitoring, and predictive maintenance, for example, provide effective communication among diverse IoT devices. IoT automates manufacturing processes and enables the deployment of Industry 4.0 principles in the telecom sector in this way.
- 5G technology is the next major advancement in communications networks and devices. It is far faster than earlier cellular broadband network standards and, more crucially, has significantly reduced latency. Latency is critical for cloud gaming and VR content transmission. Massive machine-type communications (mMTC) provided by 5G networks enable the development of high-density IoT networks ranging from IIoT to smart homes. Because of its vast uses, 5G is one of the most important forthcoming technology advancements in the telecommunications industry.
- Other major telecom advancements influencing the sector include artificial intelligence (AI) and machine learning (ML). The extraction of useful information from data collected by IoT sensors and devices is required for digital transformation. At the same time, the internet's growth and complexity necessitate the requirement for fast speeds and low latency, encouraging the development of novel solutions for internet connection management. To that aim, entrepreneurs are developing AI solutions to a variety of network performance issues.
Global Telecommunication Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Enterprises team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research. The report talks in detail about Telecommunication Market share, Telecommunication Market sales, Telecommunication Market trends, Telecommunication Market drivers, Telecommunication Market key players, and Telecommunication Market segmentation.
According to our analysis, The rising availability of cellphones and dependable internet leads to greater consumption of high-quality, yet often time-consuming-to-transfer, information. In turn, the increase in high-resolution content stimulates improvements in the quality of traditional information mediums. New telecommunications technologies assist organizations in adapting to new forms of information media, such as augmented, virtual, and mixed reality (VR/AR/MR) and cloud-based gaming. These new sorts of information need not just fast transmission speeds but also low latency, encouraging companies to build high-capacity communications networks.
To get trial access to our platform which is a one-stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and megatrends that are influencing the dynamics in the market. Also, get access to a detailed SkyQuest exclusive matrix.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 1700.2 billion |
| Market size value in 2030 | USD 1805.61 billion |
| Growth Rate | 6.2% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Telecommunication Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Telecommunication Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Telecommunication Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Telecommunication Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Telecommunication Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Telecommunication Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
SPEAK TO AN ANALYSTSubscribe & Save
Get lifetime access to our reports
Basic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
USA (+1) 617-230-0741
