Cellular Or Mobile Telephone Services Global Market To Reach Value Of About $250 Billion In 2025

25 Aug, 2021

The cellular or mobile telephone services market consists of sales of cellular or mobile telephone services by entities (organizations, sole traders, and partnerships) that provide radio communication between mobile and land stations, or between mobile stations, which can be classified into three groups: voice, SMS, and MMS. Only goods and services traded between entities or sold to end consumers are included.

Global Cellular Or Mobile Telephone Services Market Size And Drivers:

The global cellular/mobile telephone services market is expected to grow from $187.01 billion in 2020 to $192.74 billion in 2021 at a compound annual growth rate (CAGR) of 3.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $250.46 billion in 2025 at a CAGR of 6.8%. An increasing number of mobile subscribers is predicted to contribute to the growth of the cellular or mobile telephone services market over the forecast period.

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Trends In The Global Cellular Or Mobile Telephone Services Market

The launch of the Fifth Generation (5G) networks is gaining popularity in the cellular or mobile telephone services market. The current fifth generation of mobile networks (5G) is a stimulant for the new industrial revolution because it offers much greater speed and bandwidth than previous networks along with low time for data travel or low latency. For instance, in February 2020, ETSI launched a new group for the fifth generation of Fixed Network (ETSI ISG F5G). The latest invention in cellular technology is Fifth-Generation networks, engineered to boost the speed of wireless networks. Using Fifth-Generation 5G networks, data is transmitted at the speed of 20 Gbps or more over wireless broadband connections exceeding speeds of other networks. 5G networks also provide a latency of 1 ms or lesser for uses that require real-time feedback.

Global Cellular Or Mobile Telephone Services Market Segments:
The global cellular or mobile telephone services market is further segmented based on type, service, end user and geography.
By Type: Basic Communication, Value-Added
By Service: 3G Services, 4G Services, 5G Services
By End User: Manufacturing, Energy And Utilities, Media And Entertainment, IT And Telecom, Transportation And Logistics, Healthcare
By Geography: The global cellular or mobile telephone services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Cellular Or Mobile Telephone Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides cellular or mobile telephone services market overviews, analyzes and forecasts market size and growth for the global cellular or mobile telephone services market, cellular or mobile telephone services market share, cellular or mobile telephone services market players, cellular or mobile telephone services market segments and geographies, cellular or mobile telephone services market’s leading competitors’ revenues, profiles and market shares. The cellular or mobile telephone services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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