Telecom Services Market to grow at a CAGR of 6.13% from 2022 to 2027, APAC is estimated to contribute 33% market growth - Technavio

NEW YORK, June 22, 2023 /PRNewswire/ -- The telecom services market size is set to grow by USD 625.5 billion from 2022 to 2027, progressing at a CAGR of 6.13% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Increased demand for broadband is the key factor driving the growth of the global telecom services market. The demand for high-speed broadband connections has increased due to the rise in the number of internet users globally. As a result, the companies are providing faster speeds and higher bandwidths by upgrading their network infrastructure. The world is becoming connected through the internet so the demand for telecom services is growing rapidly. Furthermore, people and businesses require fast and reliable connectivity to access information and services, stay connected with each other, and conduct their daily activities. Hence, these factors will boost the growth of the telecom services market during the forecast period. -Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The telecom services market covers the following areas:

Telecom Services Market Sizing
Telecom Services Market Forecast
Telecom Services Market Analysis

The report on the telecom services market provides a holistic update, market size and forecast, trends, growth drivers, challenges, and vendor analysis. 

Telecom Services Market 2023-2027 - Market Dynamics

Trends

• Technological advancement is the primary trend influencing the global telecom services market growth.
• This growth is due to new technologies such as 5G networks, the Internet of Things (IoT), and artificial intelligence (AI).
• As a result, these technologies enable new services and improve the performance of existing services in the market, driving the growth of telecom services.
• In addition, AI is also being used to improve the reliability and efficiency of telecom services, from network management to customer service.
• Hence, these new technology trends are expected to drive market growth during the forecast period.

Challenges

• Regulatory compliance is a major challenge restricting the growth of the global telecom services market.
• Following these regulations is a complex process, and telecom services may need to work with legal and compliance teams to ensure they meet all requirements.
• Furthermore, telecom services must obtain appropriate licenses and permits to operate in different jurisdictions.
• Hence, these various regulations may restrict the growth of the telecom services market during the forecast period.

Telecom Services Market 2023-2027: Market Segmentation

The telecom services market is segmented into end-user (consumer/ residential and business), type (wireless and wireline), and geography (Europe, APAC, North America, South America, and Middle East and Africa). 

The market share growth by the consumer/residential segment will be significant during the forecast period. The increased popularity of online gaming and watching ultra-high-definition movies are the primary factors driving the segment's growth. The demand for high-speed Internet services has been growing rapidly due to the rising number of people working remotely. Furthermore, the demand for mobile services, including voice and data services, continues to increase as more customers are using the devices for entertainment, communication, and social media. Hence, the demand for faster and more reliable mobile services is expected to drive the growth of this segment during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Companies Mentioned

• AT and T Inc.
• Bharti Airtel Ltd.
• BT Group Plc
• China Mobile Ltd.
• China Telecom Corp. Ltd.
• Cisco Systems Inc.
• Comcast Corp.
• Deutsche Telekom AG
• KDDI Corp.
• kt corp.
• Nippon Telegraph and Telephone Corp.
• Nokia Corp.
• Orange SA
• Reliance Industries Ltd.
• SoftBank Group Corp.
• Tata Teleservices Ltd.
• Telefonica SA
• Verizon Communications Inc.
• Vodafone Group Plc
• Juniper Networks Inc.

Vendor Offering

• AT and T Inc. - The company offers telecom services such as internet protocol and broadband internet.
• Bharti Airtel Ltd. - The company offers telecom services such as prepaid, postpaid, and broadband.
• BT Group Plc - The company offers telecom services for mobile and broadband.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global telecom services market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global telecom services market 2017 - 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Consumer/ residential - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Consumer/ residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Consumer/ residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Consumer/ residential - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Consumer/ residential - Year-over-year growth 2022-2027 (%)

• 6.4 Business - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Business - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Business - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Business - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Business - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ billion)
• Exhibit 43: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 44: Chart on Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 Wireless - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Wireless - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Data Table on Wireless - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Chart on Wireless - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Wireless - Year-over-year growth 2022-2027 (%)

• 7.4 Wireline - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Wireline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Wireline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Wireline - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Wireline - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 56: Market opportunity by Type ($ billion)
• Exhibit 57: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 India - Market size and forecast 2022-2027 
• Exhibit 87: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.10 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ billion)
• Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 AT and T Inc.
• Exhibit 111: AT and T Inc. - Overview
• Exhibit 112: AT and T Inc. - Business segments
• Exhibit 113: AT and T Inc. - Key news
• Exhibit 114: AT and T Inc. - Key offerings
• Exhibit 115: AT and T Inc. - Segment focus

• 12.4 Bharti Airtel Ltd.
• Exhibit 116: Bharti Airtel Ltd. - Overview
• Exhibit 117: Bharti Airtel Ltd. - Business segments
• Exhibit 118: Bharti Airtel Ltd. - Key news
• Exhibit 119: Bharti Airtel Ltd. - Key offerings
• Exhibit 120: Bharti Airtel Ltd. - Segment focus

• 12.5 BT Group Plc
• Exhibit 121: BT Group Plc - Overview
• Exhibit 122: BT Group Plc - Business segments
• Exhibit 123: BT Group Plc - Key offerings
• Exhibit 124: BT Group Plc - Segment focus

• 12.6 China Mobile Ltd.
• Exhibit 125: China Mobile Ltd. - Overview
• Exhibit 126: China Mobile Ltd. - Product / Service
• Exhibit 127: China Mobile Ltd. - Key offerings

• 12.7 China Telecom Corp. Ltd. 
• Exhibit 128: China Telecom Corp. Ltd. - Overview
• Exhibit 129: China Telecom Corp. Ltd. - Product / Service
• Exhibit 130: China Telecom Corp. Ltd. - Key news
• Exhibit 131: China Telecom Corp. Ltd. - Key offerings

• 12.8 Deutsche Telekom AG
• Exhibit 132: Deutsche Telekom AG - Overview
• Exhibit 133: Deutsche Telekom AG - Business segments
• Exhibit 134: Deutsche Telekom AG - Key offerings
• Exhibit 135: Deutsche Telekom AG - Segment focus

• 12.9 KDDI Corp.
• Exhibit 136: KDDI Corp. - Overview
• Exhibit 137: KDDI Corp. - Business segments
• Exhibit 138: KDDI Corp. - Key offerings
• Exhibit 139: KDDI Corp. - Segment focus

• 12.10 kt corp.
• Exhibit 140: kt corp. - Overview
• Exhibit 141: kt corp. - Product / Service
• Exhibit 142: kt corp. - Key offerings

• 12.11 Nippon Telegraph and Telephone Corp. 
• Exhibit 143: Nippon Telegraph and Telephone Corp. - Overview
• Exhibit 144: Nippon Telegraph and Telephone Corp. - Business segments
• Exhibit 145: Nippon Telegraph and Telephone Corp. - Key offerings
• Exhibit 146: Nippon Telegraph and Telephone Corp. - Segment focus

• 12.12 Orange SA
• Exhibit 147: Orange SA - Overview
• Exhibit 148: Orange SA - Product / Service
• Exhibit 149: Orange SA - Key offerings

• 12.13 Reliance Industries Ltd. 
• Exhibit 150: Reliance Industries Ltd. - Overview
• Exhibit 151: Reliance Industries Ltd. - Business segments
• Exhibit 152: Reliance Industries Ltd. - Key news
• Exhibit 153: Reliance Industries Ltd. - Key offerings
• Exhibit 154: Reliance Industries Ltd. - Segment focus

• 12.14 SoftBank Group Corp.
• Exhibit 155: SoftBank Group Corp. - Overview
• Exhibit 156: SoftBank Group Corp. - Business segments
• Exhibit 157: SoftBank Group Corp. - Key offerings
• Exhibit 158: SoftBank Group Corp. - Segment focus

• 12.15 Telefonica SA
• Exhibit 159: Telefonica SA - Overview
• Exhibit 160: Telefonica SA - Business segments
• Exhibit 161: Telefonica SA - Key offerings
• Exhibit 162: Telefonica SA - Segment focus

• 12.16 Verizon Communications Inc. 
• Exhibit 163: Verizon Communications Inc. - Overview
• Exhibit 164: Verizon Communications Inc. - Business segments
• Exhibit 165: Verizon Communications Inc. - Key offerings
• Exhibit 166: Verizon Communications Inc. - Segment focus

• 12.17 Vodafone Group Plc
• Exhibit 167: Vodafone Group Plc - Overview
• Exhibit 168: Vodafone Group Plc - Business segments
• Exhibit 169: Vodafone Group Plc - Key offerings
• Exhibit 170: Vodafone Group Plc - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 13.5 List of abbreviations 
• Exhibit 177: List of abbreviations

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