Skip to main content

Telecom Services Market Trends & Growth forecast till 2027

The global telecom services market size is expected to reach USD 2.53 trillion by 2027, expand at a CAGR of 5.0% from 2020 to 2027, according to a new report by Grand View Research, Inc. Increased spending on wireless communication infrastructures due to the shift in customer preferences towards cellular networks and cloud-based technology is primarily driving the demand for telecom services. Furthermore, soaring demand for high-speed data connectivity, rapid spread of digitalization worldwide, and explosion of consumer-generated multimedia content via Over-The-Top (OTT) applications are some of the other key factors that are expected to contribute significantly to the industry growth.

For PDF sample Copy or More Details please visit link @: https://www.grandviewresearch.com/industry-analysis/global-telecom-services-market

With the plurality of telecom services, networks, and providers, the sector has emerged as one of the acute components essential for global socio-economic development. The smartphone revolution is another dynamic that has majorly contributed to the growth of the global telecom industry and has manifested the businesses of telecom companies. Migration of cellular devices from feature phones to technologically advanced smartphones has allowed mobile voice, along with data streaming, thereby increasing the demand for high connectivity.

Network Functions Virtualization (NFV) and Software-Defined Networking (SDN) are the telecom network architectures that provide wider connectivity and higher data speeds. These architectures based on network abstraction process are envisioned to transform the global communication network infrastructure over the coming years. While NFV allows network slicing to offer customized solutions to varied industries, SDN allows the communication service providers to work in partnership with a broader ecosystem. These services are anticipated to offer efficient network connectivity and support the new era of 5G networks.

The outbreak of COVID-19 has compelled governments worldwide to announce national lockdowns. The in-home isolation of the worldwide population for an extended as well as unanticipated period has given a pathway to the digital entertainment platforms. Video streaming on applications such as Netflix, YouTube, and Amazon as well as apps used for video calling, such as WhatsApp, Skype, and Google Duo, with the help of web services methods are gaining prominence and have been a savior for people locked in their homes for a month or more. Soaring utilization of these platforms owing to intensified social isolation amidst the work-from-home and social distancing measures is anticipated to provide numerous revenue-generating opportunities for the key market participants.

Telecom Services Market Report Highlights:

·         In 2019, the value-added service type segment accounted for over 75.0% share of the total revenue

·         By transmission, the wireless segment is anticipated to expand at the fastest CAGR of 7.3% from 2020 to 2027

·         In 2019, Asia Pacific accounted for the largest revenue share of over 40.0% and the region is anticipated to maintain its lead over the forecast period

·         By application, in commercial solutions, the unified communication and collaboration segment is anticipated to witness significant growth over the forecast period owing to its rising demand as a one platform solution provider for businesses

·         Some of the key global players of this market are Verizon; AT&T, Inc.; China Mobile Limited; Nippon Telegraph and Telephone Corporation; and SoftBank Corp.

To request research report sample copy with TOC please visit @: Global Telecom Services Market Size & Share Report, 2020-2027 (grandviewresearch.com)

Grand View Research has segmented the global telecom services market on the basis of service type, transmission, product, application, and region.

Full Press Release @:  https://trendinresearchreport.wordpress.com/2021/01/28/telecom-services-market-research-report/

Labels:

Comments

Post a Comment

Popular posts from this blog

Welded Plate And Block Heat Exchanger Market Segments & Scope Analysis & Growth Forecast

  The global  welded plate and block heat exchanger market  size is anticipated to reach USD 1.2 billion by 2025, exhibiting a CAGR of 5.9% over the forecast period, according to a new report published by Grand View Research, Inc. The market is anticipated to be driven by the growing demand for the product in HVAC & refrigeration, power generation, and petrochemical industries, especially in emerging economies in Asia Pacific and CSA regions. Welded plate & block heat exchangers play a significant role in enhancing heat transfer efficiency of industrial machinery. Growing demand for efficient thermal management systems with low space requirements is expected to drive the demand for plate & block heat exchangers over the forecast period. Growth of industrial sectors including food & beverages, chemicals, pulp & paper, power generation, metal & mining, textiles, and oil & gas is leading to an increase in the requirement for highly-efficient...
Post a Comment
Read more

Comprehensive Analysis of the Digital Media Market: Size, Share, Growth Trends

  The global  digital media market  size is expected to reach USD 1,902.28 billion by 2030 and is anticipated to grow at a CAGR of 12.8% from 2024 to 2030, according to a new study by Grand View Research, Inc. Increasing internet penetration and rising smartphone usage have fueled the demand for digital content, further driving the market expansion. The proliferation of high-speed internet and the widespread adoption of smartphones have made digital media more accessible than ever before. In addition, the rise of social media platforms has revolutionized content consumption, providing users with personalized and engaging experiences. Moreover, advancements in artificial intelligence and machine learning are enabling content creators to produce more sophisticated and targeted media, enhancing user engagement and satisfaction. These factors are collectively propelling the market growth. Digital Media Market Report Highlights Based on content type, t...
Post a Comment
Read more

Generative AI In Agriculture Market Overview: Extensive Evaluation of Market Size, Growth Opportunities

  The global   generative AI in agriculture market   size was estimated at USD 226.2 million in 2024 and is projected to reach USD 2,158.9 million by 2033, growing at a CAGR of 28.7% from 2025 to 2033. Farmers are increasingly using generative models to predict yields, weather impacts, and input requirements. This trend supports precision agriculture by enabling scenario-based planning. The global generative AI in agriculture industry is witnessing a shift toward AI-driven crop simulation and decision-making tools. The development of specialized, accessible, and efficient AI models for agricultural advisory, yield prediction, and climate adaptation is driving growth in the generative AI in agriculture market. This indicates growing demand for localized, multilingual, and climate-resilient advisory tools, especially for smallholder farmers in emerging regions, and signals a shift from general-purpose AI to frugal, scalable solutions suited for underserved agricul...
Post a Comment
Read more