Market Highlights
The US Telecom industry is a complex business with numerous segments, which has undergone strong growth over the past ten years. Recent history has manifested significant change with extensive mergers and a rapid flow of technologies supporting faster speeds, broader coverage and expanded market penetration. The next ten years are going to bring with it even more change and challenges. New technologies such as LTE are crowding out old and the industry matures as it approaches maximum market penetration. Repeating the strong growth of the past ten years will be a challenge as mergers yield higher consolidation and concentration of players. Nevertheless, the rapid flow of new technologies and change will continue to grow opportunities and present a stable of opportunities through innovation.
Revenues across all segments within the industry presently total almost $750 billion and are expected to grow about +3.9% per year through the year 2020 to reach almost $1.2 trillion in revenue. As penetration of a number of Telecom categories reaches over 90%, growth over the next ten years is likely to slow to half the rate of the previous ten years; but the business should add $40 billion per year for the next ten years. This report presents a comprehensive assessment of the industry including financial performance, revenues, subscriptions, market share and key trends for each individual sector.
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Market Overview
Various telecommunication products and services, increased popularity of the Internet of Things (IoT), and substantial technological advances are some of the major reasons for the growth of the global telecommunication market. Smart devices such as smartphones, tablets, smart watches, smart meters, sensors, smart buildings, and smart monitoring devices are being increasingly deployed across the globe. The smart cities projects worldwide is one instance where smart devices such as smart sensors and meters are used. The growing popularity of IoT that has enabled machine-to-machine communication, connecting innumerable smart devices such as air conditioners, refrigerators, music systems, food processors, and the like. All this has stoked the demand in the telecommunication market.
Factors such as cloud computing, increased coverage of satellites, and the development of 4G and 3G cellular networks are some other prominent growth drivers of the market for telecommunication products and services, worldwide.
Top Key Companies:
TracFone, Sprint, MetroPCS, T-Mobile, Leap Wireless, Walmart, Verizon, Verizon Wireless, AT & T, US Cellular, Google, Apple, Palm, RIM, Motorola Mobility, Nokia, Samsung, HTC, Comcast, Cox Communications, Time-Warner, Cable Systems Corp, Suddenlink Communications, Insight Communications Company, Direct TV, Disk Network, Charter
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