DUBLIN–(BUSINESS WIRE)–The “Telecom Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global telecom market is expected to grow from $2555.45 billion in 2020 to $2713.53 billion in 2021 at a compound annual growth rate (CAGR) of 6.2%. The market is expected to reach $3461.03 billion in 2025 at a CAGR of 6%.
Major companies in the telecom market include AT&T; Apple; Verizon Communications Inc; China Mobile Ltd and Samsung.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The telecom market consists of sales of telecom goods and services by entities (organizations, sole traders and partnerships) that provide communication hardware equipment for the transmission of voice, data, text and video. The telecoms market also includes manufacturers’ sales of goods such as GPS equipment, cellular telephones and switching equipment. The telecom market is segmented into wireless telecommunication carriers; wired telecommunications carriers; communications hardware and satellite & telecommunication resellers.
Asia Pacific was the largest region in the global telecom market, accounting for 34% of the market in 2020. North America was the second largest region accounting for 32% of the global telecom market. Africa was the smallest region in the global telecom market.
Internet TV is gaining acceptance and being preferred by customers in developed and developing markets. The traditional pay-TV industry has been facing severe competition from online video streaming service providers. The 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 a launch of a live TV streaming platform, WatchTV, which was a lower cost alternative to AT&T’s DirecTV Now.
The telecom industry involved in the provision of national networks across the world is increasingly targeted by hackers, exposing various security issues. The hackers’ main aim is to steal valuable information and use it in their own favor. Despite various measures taken by many national governments resorting to stricter regulatory norms for foreign hardware manufacturers, issues concerning national security continue to rise.
The extreme cases of the surveillance include banning the Huawei Company by the USA, Australia, New Zealand, Canada and the UK governments to participate in the provision of 5G network hardware due to security concerns, which stemmed from the Chinese government’s use of Huawei’s products to spy on people around the world. Hence, these security issues leading to the ban of foreign manufacturers are expected to hinder the growth of the communications hardware in the forecast period, a major segment within the telecom market.
IoT technology adoption by manufacturing and transportation services companies is driving the telecom market in the forecast period. IoT is a network of physical objects such as devices, vehicles, buildings and other items which are embedded with electronics, software, sensors and network connectivity enable these objects to collect and exchange data.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Telecom Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Telecom Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Telecom Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Telecom Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Telecom Market Trends And Strategies
8. Impact Of COVID-19 On Telecom
9. Telecom Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Telecom Market Regional Analysis
10.1. Global Telecom Market, 2020, By Region, Value ($ Billion)
10.2. Global Telecom Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Telecom Market, Growth And Market Share Comparison, By Region
11. Telecom Market Segmentation
11.1. Global Telecom Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Wireless Telecommunication Carriers
- Wired Telecommunication Carriers
- Communications Hardware
- Satellite & Telecommunication Resellers
11.2. Global Telecom Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Telecom Market Segments
12.1. Global Wireless Telecommunication Carriers Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) – Cellular/Mobile Telephone Services; Wireless Internet Services
12.2. Global Wired Telecommunication Carriers Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) – Broadband Internet Services; Fixed Telephony Services; Direct-To-Home(DTH) Services
12.3. Global Communications Hardware Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) – General Communication Equipment; Broadcast Communications Equipment; Telecom Infrastructure Equipment
12.4. Global Satellite & Telecommunication Resellers Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) – Satellite Telecommunications; Telecommunication Resellers; Other Satellite & Telecommunication Resellers
13. Telecom Market Metrics
13.1. Telecom Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Telecom Market Expenditure, 2015-2025, Global
- Verizon Communications Inc
- China Mobile Ltd
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