May 28, 2020
‘Wireless Telecom services’ are associated with the operation and maintenance of switching and transmission facilities to provide telecommunications services via airwaves. The services provided by various companies in this industry are cellular phone services, wireless internet access, and wireless video. The Wireless telecom services market covers Voice, data, Text and other such services. Here we briefly discuss the Global Wireless Telecom services market observation forecast for the period leading up to 2024.
The leading players of the Wireless Telecom market are AT&T, IntelSat, Iridium Communications, T-Mobile USA, NTT DOCOMO, China Mobile, and Softbank Telecom amongst others. An analysis of the top players in the global market and outlook of global and other regions estimates the subscription volumes to follow a decelerated growth in the period starting 2017 to 2024 as mobile penetration rates grow at a slower pace as they approach their peak. Nevertheless, considering the continually expanding 4G network and the eventual rollout of the 5G network over the coming years, mobile internet services will continue to drive the global market value for Telecom services.
A complete analysis of all regions like North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) indicates that the Asia-Pacific is expected to occupy more market share in the coming years, especially China, India, and Southeast Asia regions. North America, especially The United States, is also predicted to play an important role and any changes from the United States might affect the development trend of Wireless Telecom Services globally. Europe boasts of huge market size and telecom trends in Europe definitely cannot be ignored. It would be interesting to see which players survive in this stiff competition and how the telecom trends evolve in the global arena.