PUBLISHER: Value Market Research | PRODUCT CODE: 1267313
PUBLISHER: Value Market Research | PRODUCT CODE: 1267313
The global demand for Telecommunication Relay Service (TRS) Market is presumed to reach the market size of nearly USD 20.7 BN by 2030 from USD 7.72 BN in 2022 with a CAGR of 13.12% under the study period 2023 - 2030.
Telecommunication relay service (TRS) is a system that which assists people who are deaf, hard of hearing, or have difficulty speaking to communicate over the phone. TRS uses trained operators, also known as communication assistants, to facilitate communication between people who use TRS and those who do not. There are several types of TRS, including voice carry-over (VCO), hearing carry-over (HCO), and speech-to-speech (STS). TRS is a critical service for individuals who rely on phone communication for personal and professional matters. It allows them to participate in society and access information and communication equally and fully.
The increasing awareness of the needs and rights of individuals who are deaf, hard of hearing, or have difficulty speaking may contribute to the growth of the telecommunication relay service (TRS) market. Moreover, the popularity of TRS is the technological advances that have made it more convenient and accessible for users. With rise in the internet usage and mobile technologies, TRS is now available through various methods, including web-based interfaces, mobile apps, and video relay services (VRS). Furthermore, the increasing recognition of TRS's importance by government and regulatory agencies may drive market growth. However, a lack of awareness of the service may limit the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of telecommunication relay service (trs). The growth and trends of telecommunication relay service (trs) industry provide a holistic approach to this study.
This section of the telecommunication relay service (trs) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Telecommunication Relay Service (TRS) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the telecommunication relay service (trs) market include AT&T Inc., Brastel Co Ltd., Cisco Systems Inc., Convo, Dialogic Corporation., Federal Communications Commission, HKBN, IBM Corporation, National Institute on Deafness and Other Communication Disorders, NCID, NDNRC, Skype Technologies S.A.R.L. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.