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Global Telecommunication Services Market to Grow at 6.6% CAGR through 2025, Adoption in Asia Pacific Highest

Press release Description

Albany, New York, April 4, 2018: A new thorough study titled “Telecommunication Services Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has recently been submitted to the database of Market Research Reports Search Engine (MRRSE). According to the report, the global telecommunication services market is likely to grow at 6.6% CAGR through 2025 and reach a valuation of over US$ 1.4 Bn.

The report offers detailed analysis and insights on the global telecommunication services market, highlighting the growth and restraining factors in the market. An analysis on the prevailing trends and opportunities in the market has also been included in the report. The report also includes a detailed competitive landscape section that offers insights on the product and business strategies of some of the leading players in the market.

According to the report, demand for telecommunication services is growing as OTT players are eating into the revenue share of telecom operators. The micro, small, and medium enterprises are the key adopters of telecommunication services globally. It is expected that steady increase in the number of these small enterprises will provide an impetus to the growth of the market during the assessment period.

The report segments the global telecommunications services market into end-use vertical, package type and region. The end-use vertical segment is further bifurcated into residential and commercial. The package type segment is sub-segmented into double play, triple play and quad play. Geographically, the market is divided into key regions which are North America, South America, Europe, Asia Pacific and Middle East & Africa.

By end-use, adoption of telecommunication services is likely to remain robust in the residential sector. This segment accounts for a leading revenue share of the market, whereas adoption in commercial establishments is growing at a brisk pace during the forecast period. By region, Asia Pacific is one of the leading markets for telecommunication services globally. The adoption of telecommunication services in Asia Pacific is driven by growing subscriber base in China and India. The growth of the small and medium enterprises in telecommunication services in Asia Pacific is likely to provide an impetus to growth during the assessment period.

The report profiles some of the leading players operating in the market. Some of these players are Virgin Media, Orange S.A., Verizon Communications, Telefonica SA, Bharti Airtel, T-Mobile, AT&T Inc., Vodafone, TalkTalk Telecom Group plc., Telus Communications, Rogers Communications, Telnet Belgium and BCE Inc.

Browse Full Global Telecommunication Services Market Report with TOC :

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