Telecommunication refers to communication at distant places using technological means such as mobile phones, satellite communication devices and others. Over the period of time, telecommunication industry has evolved from traditional wired telephones to advanced services such as the internet, wireless communications, optical fibers and satellite communications. Additionally, due to low cost service offered by the service providers and inexpensive communication devices, subscribers for various wireless as well as fixed point communications have increased substantially in the past few years. Moreover, telecommunication industry is witnessing rapid technological developments due to advanced consumer electronic devices such as smartphone, laptops and tablets.
Today, telecommunication technologies are used for various purposes such as point-to-point communication, entertainment, delivery and access to internet enabled services, critical communication, news and infotainment and others. Telecommunication using devices such as mobile phones, laptops and other handheld devices is attained via both terrestrial as well as satellite communication networks.
Telecommunication market can be broadly segmented as internet service providers (ISP), telephones, satellites and cable communication. Internet service providers are the organizations that provide service to access the internet. ISPs comprise various types such as access, hosting, mailbox, virtual, transit and free ISPs. Further, telephones can be classified as fixed telephones and mobile phones. Fixed telephones include landlines, cordless phones, intercom systems and others. Mobile phones, also called as cell phones, include use of wireless phones that can make phone calls using cellular network over radio link.
Further, satellite communication is based on artificial satellites that provide link between the satellite and various points on the earth called as earth stations. Satellite communication can be divided based on its application such as mobile communication, military communication, digital cinema, radio services, internet, global positioning systems (GPS) and others. Cable communication makes use of cables such as optical cables and traditional copper cables for communication. The internet infrastructure is heavily dependent on cables to provide internet access to the subscribers. Furthermore, it is also used in fixed landlines, television broadcasting and other communications services.
Demand for advanced and high speed internet service is a major factor driving the growth of ISP market across the world. Additionally, features such as video on-demand, online gaming and others are expected to fuel ISP market in the near future. Moreover, introduction of services such as cloud computing is further expected to boost the internet service market. Further, increasing number of subscribers for wireless communication in recent years is the most important factor driving the growth of cellular networks. In addition to this, development of advanced cellular networks such as third generation (3G), and fourth generation (4G), long-term evolution (LTE) technologies is fueling the cellular networks market growth.
Additionally, growing usage of intercom (landline) systems with voice over internet protocol (VoIP) in organizations is expected to drive the landline phones market in near future. Furthermore, with rising dependence over satellite communication due to its better connectivity and global coverage, the satellite communication market is expected to boom in near future. Satellites cover up to over 90% of the world and are highly efficient in providing mobile communication, digital television, radio and other services.
Some of the key companies in telecommunication market include AT&T Inc., Verizon Communications Inc., Comcast Corporation, Time Warner Cable Inc., CenturyLink Inc., DirecTV Group, Sprint Corporation, T-Mobile US Inc. and others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments