Global Telecom Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global Telecom Services Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global telecom services market has been segmented on the basis of service type, transmission, product, application, as well as regions and countries.

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Overview:

In telecommunication, a telecommunications service is a service provided by a telecommunications provider, or a specified set of user-information transfer capabilities provided to a group of users by a telecommunications system.

Dynamics:

The increasing expenditures on wireless communication infrastructures owing to the shift in consumer preferences towards mobile devices and cloud-based technology are major factor that are expected to continue fueling the revenue growth of the global telecom services market. Some of the other major factors that are slated to influence future market growth are the rising number of mobile subscribers, the surging demand for value-added managed services, as well as the insatiable demand on a global-level for high-speed data connectivity.

The rising familiarity and usage of Over-The-Top (OTT) content and applications, as well as significant improvements in open-source platforms, super-fast Internet Protocol (IP) networks, and improvements in smartphone display and sound quality, among other innovative services are additional major factors that are leading to a boost in adoption rates of these services, and subsequent future revenue growth of the global market.

In light of the recent COVID-19 pandemic, global telecom service providers as well as digital entertainment platforms are expected to significantly benefit from this outbreak owing to their respective business models and industry type. As a result of the global lockdown, the mass transition of individuals working remotely has led to the increase in the demand for better network infrastructure and connectivity. Mobile voice traffic has also registered a surge over the last few months. This is anticipated to have a drastic effect on the revenue growth of the global telecom services market.

Segmentation of the global telecom services market is as follows:

In terms of service type, the Value-Added Services (VAS) segment accounted for the majority revenue share of the global telecom services market in 2019. The increasing usage of mobile phone applications, as well as the higher return on ad expenditures are factors that have immensely contributed to the revenue growth of the global telecom services market.

On the basis of transmission, the wire line (twisted pair, coaxial, and optic fiber cables) segment held the highest number of shares of the global market, and is expected to continue to do so in the years to come. This can be attributed to the increase in the number of small & medium enterprises, and multi-national corporations in countries that implements an extensive network of Integrated services Digital Network (ISDN) and Public Switched Telephone Network (PSTN).

With respect to product, the mobile data segment accounted for the largest number of revenue shares in 2019, and is also expected to continue to do so in the years to come. The fixed data segment is also accounted for considerable revenue growth in 2019.

Concerning application, the commercial segment accounted for the majority revenue share of the global market in 2019. However, the residential segment is expected to expand at the fastest rate of revenue growth over the forecast period.

Regional Segmentation and Analysis:

The APAC accounted for the majority revenue share of the global telecom services market in 2019. The Middle East & Africa are expected to register the fastest rate of revenue growth in the foreseeable future. North America is also expected to index a significant increase in revenue growth over the next 10 years, due to the early adoption of digitized technologies and high consumer spending in the region.

Segmentation of the Global Telecom Services Market:

Segmentation by Service Type:

• Basic Communication
• Value-added

Segmentation by Transmission:

• Wireline
• Wireless

Segmentation by Product:

• Mobile Data
• Mobile Voice
• Fixed Data
• Fixed Voice
• Others

Segmentation by Application:

• Residential
• Commercial

• By Type

• Small & Medium Enterprises (SMEs)
• Large Enterprises

• By Solutions

• Internet Service
• Network Service
• Voice Service
• Unified Communication & Collaboration
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Verizon
• AT&T Inc.
• China Mobile Limited
• Nippon Telegraph and Telephone Corporation
• SoftBank Corp.