Wired Telecommunication Carriers - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Wired Telecommunication Carriers Market is accounted for $1,218.97 billion in 2019 and is expected to reach $2,341.16 billion by 2027 growing at a CAGR of 8.5% during the forecast period. The incredible increase in the bandwidth demand and low transaction costs are the major factor propelling market growth. However, government regulations and focus on wireless communications are hampering the market growth.
Wired telecommunications carriers offers local and long-distance voice calling, sound and video transmission, cable TV and internet services over fixed-line networks. Companies in the wired telecommunications commerce may own and continue networks, share a network or lease a network from other companies. Wired telecommunications companies are offering additional services to their customers instead of limiting their service offerings to fixed-line and DSL internet services. Companies are shifting towards a multi-function system by adding services such as internet broadband and television satellite connection in their offering. Thus, a customer receiving internet and voice telephony is more likely to subscribe to IPTV, video on insist and pay television services.
Based on the type, the wired broadband internet services segment is going to have a lucrative growth during the forecast period owing to the broadband service expansion, which provides a right to the telecom providers to lay down the telecom infrastructure in the emerging regions. The broadband internet facility truly is the mainly used form of internet access because of its high access speeds.
By geography, Asia Pacific is going to have a profitable growth during the predicted period due to the growing demand for wired telecommunication in the region. Asia-Pacific will occupy for more market share especially in China, also quickly growing in India and in Southeast Asia regions.
Some of the key players profiled in the Wired Telecommunication Carriers Market include AT&T, Comcast, China Telecom, BT, and Verizon Communications.
• Fixed Telephony Services
• Direct-To-Home (DTH) Services
• Wired Broadband Internet Services
• Audio And Video Programming Distribution
• 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
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