DUBLIN, July 29, 2021– (BUSINESS WIRE) – The report “Telecom Global Market Report 2021: COVID-19 Impact and Recovery to 2030” has been added to ResearchAndMarkets.com offer.
The global telecommunications market is expected to grow from $ 2,555.45 billion in 2020 to $ 2,713.53 billion in 2021 at a compound annual growth rate (CAGR) of 6.2%. The market is expected to reach $ 3,461.03 billion in 2025 at a CAGR of 6%.
Major companies in the telecommunications market include AT&T; Apple; Verizon Communications Inc; China Mobile Ltd and Samsung.
The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges.
The telecommunications market comprises the sales of telecommunications goods and services by entities (organizations, sole proprietorships and partnerships) that provide communications equipment for the transmission of voice, data, text and video. The telecommunications market also includes sales of products from manufacturers such as GPS equipment, cell phones, and switching equipment. The telecommunications market is segmented into wireless telecommunications operators; wireline telecommunications operators; resellers of communications and satellite and telecommunications equipment.
Asia-Pacific was the largest region of the global telecommunications market, accounting for 34% of the market in 2020. North America was the second largest region accounting for 32% of the global telecommunications market. Africa was the smallest region in the world telecommunications market.
Internet television is increasingly accepted and preferred by customers in developed and developing markets. The traditional pay TV industry faces stiff competition from online video streaming service providers. Low-cost video streaming service providers are threatening the pay-TV business model and forcing traditional pay-TV service providers to offer Internet TV services to their subscribers. For example, in June 2018, AT&T, after its acquisition of Time Warner, announced the launch of a live TV streaming platform, WatchTV, which was a cheaper alternative to AT & T’s DirecTV Now.
The telecommunications industry involved in providing nationwide networks across the globe is increasingly targeted by hackers, exposing various security concerns. The main objective of hackers is to steal valuable information and use it to their advantage. Despite various actions by many national governments resorting to stricter regulatory standards for foreign hardware manufacturers, national security concerns continue to arise.
Extreme cases of surveillance include the prohibition of the company Huawei by the governments of the United States, Australia, New Zealand, Canada and the United Kingdom from participating in the provision of 5G network equipment in due to security concerns, which stem from the Chinese government’s use of Huawei’s products to spy on people around the world. Therefore, these security concerns leading to the ban of foreign manufacturers are expected to hamper the growth of communications equipment during the forecast period, a major segment of the telecommunications market.
The adoption of IoT technology by manufacturing and transportation service companies is driving the telecommunications market during the forecast period. The IoT is a network of physical objects such as devices, vehicles, buildings, and other elements integrated with electronics, software, sensors, and network connectivity that enable these objects to collect and exchange data.
Main topics covered:
2. Structure of the report
3. Characteristics of the telecommunications market
3.1. Market definition
3.2. Key segmentation
4. Product Analysis of the Telecommunications Market
4.1. Leading products / services
4.2. Main characteristics and differentiators
4.3. Development products
5. Telecommunications market supply chain
5.1. Supply Chain
5.3. End customers
6. Customer information of the telecommunications market
6.1. Customer Preferences
6.2. End-use market size and growth
7. Telecommunications market trends and strategies
8. Impact of COVID-19 on telecoms
9. Size and growth of the telecommunications market
9.1. Market size
9.2. Historical market growth, value (in billions of dollars)
9.2.1. Market pilots
9.2.2. Market restrictions
9.3. Market growth forecast, value (in billions of dollars)
9.3.1. Market pilots
9.3.2. Market restrictions
10. Regional analysis of the telecommunications market
10.1. Global Telecommunications Market, 2020, by Region, Value (USD Billion)
10.2. Global telecommunications market, 2015-2020, 2020-2025F, 2030F, historical and forecast, by region
10.3. Global Telecommunications Market Comparison, Growth and Market Share, by Region
11. Segmentation of the telecommunications market
11.1. Global telecommunications market, segmentation by type, history and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
- Wireless telecommunications operators
- Wired telecommunications operators
- Communication material
- Satellite and telecommunications resellers
11.2. Global telecommunications market, segmentation by application, history and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
12. Telecommunications market segments
12.1. Global Wireless Telecom Operator Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Cell / Mobile Phone Services; Wireless internet services
12.2. Global Wireline Telecom Operator Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Broadband Internet Services; Fixed telephony services; Direct broadcast services (DTH)
12.3. Global Communication Equipment Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – General Communication Equipment; Broadcast communication equipment; Telecommunications infrastructure equipment
12.4. Global Satellite & Telecommunications Reseller Market Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Satellite Telecommunications; Telecommunications resellers; Other satellite and telecommunications resellers
13. Telecommunications market metrics
13.1. Telecommunications market size, percentage of GDP, 2015-2025, global
13.2. Average telecommunications market expenditure per capita, 2015-2025, global
For more information on this report, visit https://www.researchandmarkets.com/r/ctxnb4
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210729005662/en/
Laura Wood, Senior Press Director
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