Wired Telecommunication Carriers Global Market To Reach Value Of About $1.21 Trillion In 2025
29 Jan, 2021
The wired telecommunications carriers market consists of sales of wired telecommunications services and related goods by entities (organizations, sole traders and partnerships) that provide local and long-distance voice calling, sound and video transmission, cable TV and internet services over fixed-line networks. Companies in the wired telecommunications industry may own and maintain networks, share a network or lease a network from other companies.
Global Wired Telecommunication Carriers Market Size And Drivers:
The global wired telecommunication carriers market is expected to grow from $912.02 billion in 2020 to $1.00 trillion in 2021 at a compound annual growth rate (CAGR) of 9.7%. 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 $1.21 trillion in 2025 at a CAGR of 5%. The wired telecommunication carriers market growth is aided by stable economic growth forecasted in many developed and developing countries.
Request For A Sample For The Global Wired Telecommunication Carriers Market Report:
Trends In The Global 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 towards 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.
Global Wired Telecommunication Carriers Market Segments:
The global wired telecommunication carrier market is further segmented based on type, application and geography.
By Type: Broadband Internet Services, Fixed Telephony Services, Direct-To-Home (DTH) Services.
By Application: Household, Commercial.
By Geography: The global wired telecommunication carriers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global wired telecommunication carriers market, accounting for 36% of the total market.
Read More On The Report For The Global Wired Telecommunication Carriers Market At:
Wired Telecommunication Carriers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides wired telecommunication carriers market overviews, analyzes and forecasts market size and growth for the global wired telecommunication carriers market, wired telecommunication carriers market share, wired telecommunication carriers market players, wired telecommunication carriers market segments and geographies, wired telecommunication carriers market’s leading competitors’ revenues, profiles and market shares. The wired telecommunication carriers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.