The wireless telecommunication carriers market is expected to reach over $1 trillion in 2020

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Sep 14, 2017, 11:44 ET

ROCKVILLE Md., Sept. 14, 2017 /PRNewswire/ -- The wireless telecommunication carriers market is expected to reach over $1 trillion in 2020, according to Wireless Telecommunication Carriers Market Global Report 2017, recently released by The Business Research Company. The market segments as of 2016 were Wireless Voice and Wireless Data. Wireless Voice was the largest segment with around 64% share of the wireless telecom market. Wireless Voice enables users to talk through a mobile device. Wireless data had around 36% share of the market. Wireless data enables users to access the internet through a smartphone, tablet, laptop or desktop. This segment has been growing rapidly due to the increased popularity of smartphones with internet access.

More information about the report is available at https://www.marketresearch.com/Business-Research-Company-v4006/Wireless-Telecommunication-Carriers-Global-Voice-10953780/

The Middle East & Africa are expected to grow at a CAGR of over 4.5% during the forecast period (2016-2020). The fast growth rate of this region is due to new infrastructure and fully digital systems. Asia is expected to grow at a CAGR of over 3% during the same period. The Americas are expected to grow at a CAGR of over 2.5% during the 2016-2020 period.

The Americas were the largest market in wireless telecom services in 2016, accounting for around 34% market share. The Americas were the largest market because of high internet penetration, access to smartphone devices, and advancements in wireless technology. Asia was the second largest, accounting for around 30% market share. Europe was the third largest market with around 19%.

'Fifth-Generation Mobile Networks' was considered to be one of the key trends in the wireless telecommunication carriers market as of 2016. Indeed, the biggest change in the telecom industry will be the emergence of fifth-generation mobile networks (5G). 5G is expected to be much quicker than the present 4G. It will be some years before this technology becomes commercially available. The new-generation mobile network is likely to provide the capacity needed to support the IoT (Internet of Things) revolution. Low latency is another important feature expected from 5G.

Merger and acquisition activity has been high in the wireless telecom services market in the last three years. Leading deals include those done by Vodafone and Verizon. Verizon was the largest competitor of the market, followed by AT&T, Vodafone, Softbank Group Corp., and China Mobile.

The global wireless telecom services market registered a CAGR of over 2% from 2011 to 2015, while its percentage share in global GDP slightly decreased from 1.37% to 1.32% during the same period. Wireless telecom services market grew slower than global GDP due to regulatory barriers and high costs involved in setting up wireless networks and loss of call revenues due to OTT applications such as Skype and WhatsApp. During the forecast period the global wireless telecom services share of global GDP is expected to decrease to around 1.27%, indicating a slower growth rate than global GDP.

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