Global Telecom Market Size, Status and Forecast 2020-2023
The Telecom Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The global telecom market is expected to decline from $2691.1 billion in 2019 to $2600.9 billion in 2020 at a compound annual growth rate (CAGR) of -3.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $3082.8 billion in 2023.
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Scope of the Report:
1) By Type: Wireless Telecommunication Carriers; Wired Telecommunication Carriers; Communications Hardware; Satellite & Telecommunication Resellers
2) By Application: Household; Commercial
Subsegments Covered: Cellular/Mobile Telephone Services; Wireless Internet Services; Broadband Internet Services; Fixed Telephony Services; Direct-To-Home(DTH) Services; General Communication Equipment; Broadcast Communications Equipment; Telecom Infrastructure Equipment; Satellite Telecommunications; Telecommunication Resellers; Others – Satellite & Telecommunication Resellers
Companies Mentioned: AT&T; Apple; Verizon Communications Inc; China Mobile Ltd; Samsung
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, Telecom indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Asia Pacific was the largest region in the global telecom market, accounting for 33% of the market in 2019. North America was the second largest region accounting for 32% of the global telecom market. Africa was the smallest region in the global telecom market.
Internet TV is gaining acceptance and being preferred by customers in the developed markets. The traditional pay-TV industry has been facing severe competition from online video streaming service providers. The low-cost video streaming service providers are threatening the pay-TV business model and forcing traditional pay-TV service providers to offer internet TV services to their subscribers. For example, DISH Network Corp. has launched the internet TV service Sling TV along with their pay-TV services.
The telecoms market consists of sales of telecoms goods and services by entities (organizations, sole traders and partnerships) that apply communication hardware equipment for the transmission of voice, data, text and video. This market includes segments such as wired telecommunications carriers, wireless telecommunications carriers and communication hardware. The telecoms market also includes sales of goods such as GPS equipment, cellular telephones, switching equipment.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Telecom Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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