Global Telecommunication industry Market is valued USD 17.01 billion in 2016 is anticipated to grow USD 23.1 billion with the compounded annual growth of 3.45% over the forecast period 2017-2025.
New York 4 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Telecommunication industry industry is poised to raise USD 23.1 billion by 2025. Some key components for the market development will be; advanced technology, intense market competition, and high investments in new telecommunication technologies such as wireless communication and satellite. Some of the other factors behind the growth of the market worldwide include: affordability of services, innovative services such as e-agriculture and e-education, and demand for high speed internet. On the other hand, the high cost of value added services may restrict the growth of the market. In addition to this, maintaining security will also pose a challenge.
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The industry is seems to be fairly competitive. Some of the leading market players include market intelsat SA, iridium communications Inc., T-mobile USA Inc., NIT DOCOMO Inc., Bhutan mobile Ltd., hawaiien telecom and so on. Other market players discussed in the report include Softbank telecom Corp., US cellular, new cell Inc., DBA cellcom. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region accounted for the largest market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
Bizwit Research & Consulting LLP has considered following segments for the study:
- North America
- Asia Pacific
- Latin America
- Rest of the World