PUBLISHER: MarketLine | PRODUCT CODE: 1520948
PUBLISHER: MarketLine | PRODUCT CODE: 1520948
Global Wireless Telecommunication Services industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The wireless telecommunications services market includes cellular (mobile) phones, pagers, and any other wireless or cellular telecommunication service. Market values represent revenues based on payments to operators of all of these services for subscriptions and usage. Market volumes refer to the total number of subscriptions for each of these services. Market shares are in terms of subscription volumes. Regional market shares are at a parent company level.
All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
The global wireless telecommunication services market recorded revenues of $749.6 billion in 2023, representing a compound annual growth rate (CAGR) of 0.1% between 2018 and 2023.
Market consumption volume increased with a CAGR of 3.3% between 2018 and 2023, reaching a total of 7,799.8 million subscriptions in 2023.
The growth of the global wireless telecommunication services market can also be attributed to the increase in mobile penetration in the region. For instance, according to GlobalData analysis based on information from the World Bank, mobile penetration in the US stood at 111.5 per 100 people in 2023, an increase of 1% from the previous year.