Global Telecoms Market Report 2020 - Opportunities And Strategies, Market Forecast And Trends
30 Oct, 2020
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 communications hardware manufacturers. The telecoms market also includes manufacturers’ sales of goods such as GPS equipment, cellular telephones and switching equipment.
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The global telecoms market is further segmented based on type and geography.
By Type Of Product: The telecoms market manufacturing market is segmented into wireless telecommunication carriers, wired telecommunication carriers, communications hardware and satellite and telecommunication resellers. Wired telecommunication carriers accounted for the largest share of the telecoms market at 45.2%. The satellite & telecommunication resellers market is expected to be the fastest-growing segment going forward at a rate of 8.1%.
By Geography: The global telecoms market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific telecoms market accounts for the largest share in the global telecom industry, accounting for almost 36% of the global market in. It was followed by North America, Western Europe and then the other regions. Going forward, Africa and the Middle East will be the fastest growing regions for this market, where growth will be at a CAGR of almost 9% and 8% respectively. This is followed by Asia Pacific and South America where the market is expected to grow at a CAGR of 8% and 6% respectively.
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Trends In The Telecoms Market
Internet TV, use of 5G technology, and focus on wireless mobile technologies are the major trends witnessed in the global telecoms market.
Telecoms Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides telecoms market overviews, analyzes and forecasts market size and growth for the global telecoms market, telecoms market share, telecoms market players, telecoms market segments and geographies, telecoms market’s leading competitors’ revenues, profiles and market shares. The telecoms market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.