How big is the wired telecommunication carriers market today, and what are its future growth expectations?
The wired telecommunication carriers market size has grown steadily in recent years. It will grow from $1024.19 billion in 2024 to $1065.85 billion in 2025 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to rise in demand for professional services business, favorable government initiatives, economic growth in emerging markets and increase in investments.
The wired telecommunication carriers market size is expected to see steady growth in the next few years. It will grow to $1230.86 billion in 2029 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to increasing incidence of tech sector in expected to drive demand for wired telecommunication, rising urbanization and increasing investments. Major trends in the forecast period include heightened adoption of IoT telecommunications, DTH service providers introducing interactive tv to engage audiences, focus on use of fiber optic cables and strategic mergers and acquisitions.
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What key drivers have fueled the wired telecommunication carriers market’s development over the years?
Rising demand for remote work is expected to drive the wired telecommunications carriers market. The rising demand for remote work is driven by factors such as increased flexibility, cost savings for both employees and employers, advancements in communication technologies, and the need for work-life balance. Remote work refers to a work arrangement where employees perform their job duties outside of a traditional office setting, often from home or any location with internet access. Remote work heavily relies on wired telecommunication carriers to provide stable, high-speed internet connections, ensuring seamless video conferencing, data transfers, and access to cloud-based tools for maintaining productivity and effective communication. For instance, in June 2023, according to Forbes Media LLC, a US-based media company, in US, 12.7% of employees will work from home in 2023, and by 2025, 32.6 million people are expected to work remotely. Therefore, the increasing prevalence of remote work is driving the growth of the wired telecommunications carriers market.
What is the segmentation for the wired telecommunication carriers market?
The wired telecommunication carriers market covered in this report is segmented –
1) By Type: Broadband Internet Services, Fixed Telephony Services, Direct-To-Home(DTH) Services
2) By Subscription Type: Basic, Primium, Other Subscription Types
3) By Application: Household, Commercial
Subsegments:
1) By Broadband Internet Services: Digital Subscriber Line (DSL), Fiber Optic Broadband, Cable Broadband, Satellite Broadband
2) By Fixed Telephony Services: Landline Voice Services, VoIP (Voice over Internet Protocol) Services, ISDN (Integrated Services Digital Network) Services
3) By Direct-To-Home (DTH) Services: Standard Definition (SD) DTH Services, High Definition (HD) DTH Services, 4K/Ultra HD DTH Services
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Who are the most influential companies in the wired telecommunication carriers market?
Major companies operating in the wired telecommunication carriers market include Verizon Communications Inc., Deutsche Telekom AG, Comcast Corporation, AT&T Inc, BT Group Plc., Nippon Telegraph & Telephone Corp, America Movil SAB de CV, China Telecom Corporation Limited, Vodafone Group, Orange SA, Bharti Airtel Ltd, GTL Infrastrtucture Ltd, Himachal Futuristic Communications Ltd., Indus Towers Ltd, Mahanagar Telephone Nigam Ltd. (MTNL), Reliance Jio Infocomm Ltd, Tata Communications Ltd, Tata Teleservices Maharashtra Ltd, Tejas Networks Ltd, Vodafone Idea Ltd, China Tower Corporation, Shanghai Oriental Pearl Group, China Unicom, China Satellite Communications, Telefonica SA, T-Mobile, Polkomtel, Beeline, MegaFon, Mobile TeleSystems, Tele2, Spectrum, Frontier, CenturyLink, Bell, Movistar, Telecentro, Supercanal, Claro Americas, Embratel, Intelig Telecom, Universo Online (UOL), Global Village Telecom, Emirates Integrated Telecommunications Company PJS, Etisalat, General Authority for Regulating the Telecommunica, NourNet, Sahara Net, Wafai Net, Saudi Telecom Company (STC), Mawarid Electronics LTD (MEL), Technology Solutions Services (TSS), Applied Technologies Company (Apptec), Backspace Technologies (Pty) Ltd, WISPA (Pty) Ltd, Woeke Communications CC, Siyaphambili Telecoms (Pty) Ltd, SMD Telecommunications (Pty) Ltd, Spectrum Communications (Pty) Ltd, Vlocity Communications (Pty) Ltd, Rain Group Holdings (RF) (Pty) Ltd, Business Communication Systems CC, ONENEBULA (Pty) Ltd
What are the top industry trends projected to impact the wired telecommunication carriers market?
Wired telecommunications companies are offering additional services to their consumers instead of limiting their service offerings to fixed line and DSL internet services. Companies are shifting toward a multi-function system by adding services such as internet broadband and television satellite connection in their offering. Thus, a consumer receiving internet and voice telephony is more likely to subscribe to IPTV, video on demand, and pay television services. For example, AT&T acquired DirecTV pay-tv services to increase offerings to their customers.
What are the major regional insights for the wired telecommunication carriers market, and which region holds the top position?
The countries covered in the wired telecommunication carriers market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Does The Wired Telecommunication Carriers Market Report 2025 Offer?
The wired telecommunication carriers market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Wired communication carriers are service providers that offer communication services through physical infrastructures. These carriers enable the transmission of data, voice, video, and other forms of communication over wired networks. Wired communication carriers ensure stable, high-speed connections through fixed lines, making them ideal for high-bandwidth applications and reliable connectivity.
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