PUBLISHER: The Business Research Company | PRODUCT CODE: 1674019
PUBLISHER: The Business Research Company | PRODUCT CODE: 1674019
Telecom, or telecommunications, encompasses the technology and infrastructure that facilitate the transmission of information over long distances using electronic means. This includes services such as voice, data, video, and internet communications, typically utilizing devices like telephones, radios, satellites, and computers. Telecom systems play a vital role in enabling communication among individuals, businesses, and governments, functioning through various networks, including telephone lines, fiber-optic cables, wireless signals, and satellite connections.
The primary categories within the field of telecommunications include wireless telecommunication carriers, wired telecommunication carriers, communications hardware, and satellite and telecommunication resellers. Wireless communication specifically entails the transmission of information without the reliance on wires, cables, or other electrical conductors. Various products, such as telecom hardware and telecom services, are utilized for both household and commercial applications in the realm of wireless communication.
The telecom market research report is one of a series of new reports from The Business Research Company that provides telecom market statistics, including telecom industry global market size, regional shares, competitors with a telecom market share, detailed telecom market segments, market trends and opportunities, and any further data you may need to thrive in the telecom industry. This telecom 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 telecom market size has grown strongly in recent years. It will grow from $2986.48 billion in 2024 to $3164.35 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to growing number of internet users, increasing adoption of 5g networks and rise in adoption of cloud computing among smes (small and medium-sized enterprises).
The telecom market size is expected to see strong growth in the next few years. It will grow to $3935.29 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising smartphone penetration, increasing e-commerce, increasing urbanization and government initiatives will drive the growth. Major trends in the forecast period include focus on deployment of 5g to support emerging technologies, integration of digital twin as a service (dtaas) for creating virtual replicas of telecom infrastructure, focus on manufacturing new hardware for increasing telecommunication speeds, launch of new satellites for global connectivity and advanced communication services, leveraging ai and ml for improved customer experience, utilizing cloud technologies to enhance scalability, flexibility and cost-efficiency and strategic partnerships and collaborations among market players.
The adoption of IoT technology by manufacturing and transportation services companies is expected to drive the telecom market in the forecast period. IoT, a network of physical objects such as devices, vehicles, buildings, and other items embedded with electronics, software, sensors, and network connectivity, enables these objects to collect and exchange data. As an example, Microsoft and Rolls-Royce have announced a partnership focused on future Rolls-Royce intelligent engines, integrating Microsoft Suite into its service solutions to enhance its digital capabilities. The adoption of IoT technology, particularly in areas such as Smart Grid for managing electricity consumption, is anticipated to increase the demand for telecom services.
The anticipated growth of the telecom market is further fueled by the increasing penetration of the internet. Internet penetration, a measurement expressing the percentage of the total population with access to and usage of the internet, presents numerous opportunities for telecom companies to expand services, enhance infrastructure, and boost revenue, contributing to societal and economic development. For instance, in September 2023, Broadband Search reported that an estimated 93.79% of the United States population, around 311.3 million individuals, uses the internet. Therefore, the rising penetration of the internet serves as a driving force for the telecom market.
Major players in the telecom market are creating innovative products, such as telecom large models, to effectively manage extensive datasets. A telecom large model is an advanced machine learning model tailored to process, analyze, and optimize substantial amounts of telecommunications data, thereby enhancing network performance, enabling predictive maintenance, and improving customer service through AI-driven insights. For example, in July 2024, ZTE Corporation, a telecommunications company based in China, introduced its Nebula Telecom Large Model products. The Nebula Telecom Large Model is constructed on the ZTE Digital Nebula modular architecture, providing a complete system that encompasses the model, platform, and application, allowing global operators to develop highly autonomous networks. By addressing complex challenges, it expedites network transformation through collaboration across various domains, with agents at its core, facilitating full-scenario empowerment. This model shifts operations from a human+machine framework to a machine+human approach, revolutionizing network management and significantly enhancing autonomy and efficiency.
Major companies operating in the telecom market are introducing innovative telecom networks such as Network-as-a-Service (NaaS). NaaS is a cloud-based service model that provides networking capabilities to organizations on a subscription basis. For example, in July 2023, Lumen Technologies, a US-based provider offering products and services related to network, cloud, security, voice, and managed services to enterprise customers, launched the Network-as-a-Service (NaaS) platform. This platform boasts a world-class telecom network with cutting-edge fiber technology, extensive coverage, and unparalleled route diversity and scalability. It represents a fully digital, consumption-based model, setting a new standard for customer experience and expectations.
Major companies operating in the telecom market include Apple Inc, Deutsche Telekom AG, AT&T Inc, Samsung Electronics Co., Ltd, Verizon Communications Inc, China Mobile Limited, The Nippon Telegraph and Telephone Corporation, T-Mobile US, Inc, China Telecom Corporation Limited, Vodafone Group Plc, Bharti Airtel, Reliance Jio Infocomm, China Unicom, KDDI Corporation, SoftBank Corp, KT Corporation (Korea Telecom), SK Telecom, LG Uplus, Telstra Corporation, Optus, BT Group plc, Virgin Media, O2 (Telenica UK), Three (Hutchison 3G UK), TalkTalk, Sky Broadband, Plusnet, Digi Communications, Polkomtel Spo.o, CETIN a.s, Nordic Telecom s.r.o, Comcast, CenturyLink (now Lumen Technologies), Frontier Communications, Claro, TIM, Algar Telecom, Unifique and, Brasil Telecom Group, Bezeq
Asia-Pacific was the largest region in the telecom market in 2024. North America was the second largest region accounting of the telecom market. The regions covered in the telecom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the telecom market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The telecom market consists of revenues earned by entities by providing telecommunications services such as operating and maintaining the switching and transmission facilities to provide telecommunications services via airwaves and services for local and long-distance voice calling, sound and video transmission, cable TV, and internet services over fixed-line networks. The telecom market value includes the value of related goods sold by the service provider or included within the service offering. The telecom market also consists of sales of telephone apparatus, and broadcasting and wireless communications hardware. It includes sales of wired and wireless communication hardware equipment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. 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.
Telecom Global Market Report 2025 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 telecom 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 telecom ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The telecom 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.