Telecommunications Services - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Telecommunications Services Market is growing at a CAGR of 8.9% during the 2019 to 2027. Advancement in technology and innovative services like e-agriculture and e-education and increasing demand for high speed data processing and high speed internet are the major factors propelling the market growth. However, factors such as non-awareness among consumers and high cost of value added services are hampering the market growth.
The telecommunications services industry is one of the fastest rising industries in the business world. Telecommunications services are accessible by telecommunications service providers for the use of sending and receiving messages through electronic devices. Services include phone internet access, text, television, radio and fax. Telecommunications services have a robust global market presence, with the mobile services segment comprising a large chunk. These have proved very beneficial for businesses as they facilitate successful communication with their clients and help set up a healthy relationship with them.
Based on the end user, the commercial segment is estimated to have a lucrative growth due to rise in demand for bundled services owing to its lower rate and high quality services. Accessibility of internet on cellular phones, game machines, digital televisions, computers, personal digital assistants, and various other modes of entertainment and communication makes it highly usable for end customers.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to growing adoption of telecom enterprise services in countries particularly India, China and Japan. The region is also the leading manufacturing hub and exporter of IT and ITes products.
Some of the key players profiled in the Telecommunications Services Market include BCE Inc, AT&T Intellectual Property, Bharti Airtel, Rogers Communications, Inc., TalkTalk, Telefonica SA, Telenet Belgium, Telus, T-Mobile among and Vodafone Group PLC.
• Double Play
• Quad Play
• Triple Play
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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