PUBLISHER: The Business Research Company | PRODUCT CODE: 1435310
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435310
Cellular or mobile telephone service pertains to the real-time transmission of voice or non-voice messages over the licensee's network.
The primary categories of cellular or mobile telephone services encompass basic communication and value-added services. A basic communication service is a retail telecommunications service featuring voice grade or equivalent transmission parameters, tone-dialing capability, and local exchange calling provision. The services offered encompass 3G, 4G, and 5G services, with applications spanning various industries such as manufacturing, energy and utilities, media and entertainment, IT and telecom, transportation and logistics, and healthcare.
The cellular or mobile telephone services market research report is one of a series of new reports from The Business Research Company that provides cellular or mobile telephone services market statistics, including cellular or mobile telephone services industry global market size, regional shares, competitors with a cellular or mobile telephone services market share, detailed cellular or mobile telephone services market segments, market trends and opportunities, and any further data you may need to thrive in the cellular or mobile telephone services industry. This cellular or mobile telephone services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cellular or mobile telephone services market size has grown steadily in recent years. It will grow from $216.15 billion in 2023 to $223.37 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth observed in the historical period can be attributed to the emergence of digital cellular networks, the introduction of GSM standards, the expansion of coverage areas, the rise of mobile data services, and the introduction of prepaid services.
The cellular or mobile telephone services market size is expected to see strong growth in the next few years. It will grow to $273.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to smart city initiatives, the rise of MVNOs, mobile security solutions, virtualization, and network slicing, along with evolving user behavior. Key trends during the forecast period include the rise of 5G technology, the expansion of the Internet of Things (IoT), a surge in mobile data consumption, the evolution of mobile devices, and the increasing demand for remote work and connectivity.
The cellular or mobile telephone services market is anticipated to witness growth due to an increasing number of mobile subscribers. According to the Cisco Annual Internet Report, global mobile subscribers are predicted to reach 5.7 billion (71% of the population) by 2023, contributing to a heightened demand for cellular or mobile telephone services.
The proliferation of social media platform users is expected to be a driving force in the cellular or mobile telephone services market. These platforms, facilitating content creation, sharing, and interaction, rely on mobile telephone services for connectivity. As of January 2023, global social media platform users increased from 4.62 billion to 4.72 billion, as reported by Smart Insights. This surge in social media users further propels the demand for cellular or mobile telephone services.
During the forecast period, the growth of the cellular or mobile telephone services market may be limited by the high cost associated with value-added services. The expenses related to mobile data, particularly for heavy streaming on smartphones, vary significantly among countries. For instance, in 2022, the average cost of 1GB of mobile data in Saint Helena was $41.06, followed by the Falkland Islands at $38.45, Sao Tome and Principe at $29.49, Tokelau at $17.88, and Yemen at $16.58, according to the analysis by UK-based website cable.co.uk. The affordability of mobile value-added services, offered at an additional charge by telecommunication operators, poses a challenge, impacting the revenues of cellular or mobile telephone services.
Major companies in the cellular or mobile telephone services market are introducing innovative services. The World Mobile Service, launched by UK-based telecom company World Mobile, integrates blockchain and cryptocurrency technologies to provide mobile network services. Released in August 2023, the service aims to enhance connectivity in both mainstream and underserved regions globally. Leveraging blockchain and the World Mobile Token (WMT) on the Cardano blockchain, the World Mobile app allows users to identify weak internet areas and earn rewards through the "Scan for Points" function. Additionally, the company has partnered with SingularityNET to explore decentralized Artificial Intelligence services.
Companies are introducing flexible and cost-effective options to cater to customer needs. Cox Mobile, launched by US-based telecommunications company Cox Communications in January 2023, provides internet customers with unlimited talk, text, and data options. With 5G reliability and two data plans - "Pay as You Gig" and "Gig Unlimited" - Cox Mobile offers enhanced connectivity and access to over 4 million Wi-Fi hotspots.
In March 2023, T-Mobile, a US-based wireless network operator, acquired Mint Mobile for an undisclosed amount as part of its growth strategy. This acquisition is expected to expand T-Mobile's market presence by leveraging Mint Mobile's established market position. Mint Mobile, a US-based telecommunications company, specializes in providing mobile wireless services.
Major companies operating in the cellular or mobile telephone services market report are Google LLC, Tata Sons Limited, Verizon Communications Inc., China Mobile Limited, Alibaba Group Holding Limited, AT&T Inc., Deutsche Telekom AG, Nippon Telegraph and Telephone Corporation, T-Mobile US Inc., International Business Machines Corporation, SoftBank Corp., Cisco Systems Inc., Vodafone Group PLC, Nokia Corporation, BCE Inc., Telus Corporation, Rogers Communications Inc., Juniper Networks Inc., United States Cellular Corporation, Gemalto N.V., KongZhong Corporation, Freedom Mobile Inc., Saskatchewan Telecommunications Holding Corporation, Southern Communications Services Inc ., STRATA Networks, Tampnet Inc., Nex-Tech Wireless Inc., Carolina West Wireless Inc., Pine Belt Wireless Inc., Cellular South Inc., Bragg Communications Inc., Xplornet Communications Inc., Bell MTS Inc., Koodo Mobile, Fido Solutions Inc., Virgin Plus, Rogers Communications Canada, Bell Canada, Public Mobile Inc., Cityfone Telecommunications Inc.
Asia-Pacific was the largest region in the cellular or mobile telephone services market in 2023. North America was the second largest region of the global cellular or mobile telephone services market share. The regions covered in the cellular or mobile telephone services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cellular or mobile telephone services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The cellular or mobile telephone services market includes revenues earned by providing cellular or mobile telephone services market by entities that provide radio communication between mobile and land stations, or between mobile stations, which can be classified into three groups, voice, SMS, and MMS. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cellular or Mobile Telephone Services Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cellular or mobile telephone services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cellular or mobile telephone services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cellular or mobile telephone services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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