About Telecommunication
Telecommunication is that the transmission of knowledge by numerous varieties of technologies over the wire, radio, optical, or alternative magnetic force systems. The transmission media in telecommunication have evolved through various stages of technology from the line and electromagnetic wave, as well as light. Radio, Mobiles, Internet, Communication Serves and other communication technologies are cutting-edge technologies employed for the rising demand for efficient networking.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
CAGR | 5.6% |
The global market for telecommunication is fragmented by the global players owing to the rise in demand for a robust infrastructure for transparent and regular connectivity in the end-users. The players should focus on the infrastructure development and security systems for the secure data transfer and allocation to serve the end consumers and grab the market share. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Telecommunication market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AT&T Inc. (United States), Verizon Communications Inc. (United States), Nippon Telegraph and Telephone Corporation (NTT) (Japan), China Mobile Ltd (China), Deutsche Telekom AG (Germany), Telefonica SA (Spain), Vodafone Group (United Kingdom), KT Corporation (South Korea), Bharati Airtel Limited (New Delhi) and Reliance Jio Infocomm Limited (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are SoftBank Group Corp (Japan), China Telecom Corp Ltd (China), KDDI Corporation (Japan) and Orange SA (France).
Segmentation Overview
AMA Research has segmented the market of Global Telecommunication market by , Application (IT & Telecom, Manufacturing, Healthcare, Retail, Media & Entertainment, Government & Defense and Others) and Region.
On the basis of geography, the market of Telecommunication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022. If we see Market by Transmission, the sub-segment i.e. Wireline will boost the Telecommunication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Fixed Voice Services will boost the Telecommunication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Cutting Edge Technologies like 5G, IoT, and Cloud-Based Computing
Market Growth Drivers:
Rising Demand for the Strong Communication Channel and Infrastructure and Growth in Demand for the Wireless Communication Services in Healthcare Industry for facing the Global Pandemic Crisis
Challenges:
Requirement of Skilled Personnel for Operations
Restraints:
High Installation Costs and Complex Infrastructure
Opportunities:
Rising Demand for the Telecommunication Services for Increased Work from Home Load in Corporate Sector and Increasing Defense Activities in Developed countries and Rising Demand for the Secured Telecommunication Network
Market Leaders and their expansionary development strategies
In October 2023, Verizon acquires XO Communications for strengthening its fiber network infrastructure in the US. The acquisition of XO Communications by Verizon holds immense potential for strengthening Verizon's fiber network infrastructure and expanding its reach to underserved areas. However, successfully integrating the two companies and navigating potential challenges will be crucial in realizing the full benefits of this deal.
In September 2023, SpaceX launches Starlink Gen2 satellites, promising significant speed and capacity im0provements.This launch of Starlink Gen2 marks a major step forward in providing global internet access, particularly in remote and underserved areas. As the constellation expands and matures, we can expect significant improvements in internet speeds, latency, and coverage, revolutionizing the way we connect and communicate across the globe.
International Telecommunication Regulations established by the International Telecommunication Union (ITU), which is the "leading UN agency for information and communication technology issues" states that all frequencies referenced in the International Frequency Registration Board, examined by the board and registered on the International Frequency List should have the right to international protection from harmful interference.
Key Target Audience
Telecommunication Provider, Software Developer, Component Provider, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.