Telecommunication Service Market
Telecommunication Service Market (By Package Type – Double Play, Triple Play, Quad Play; End-use –Residential, Commercial - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 - 2027
Press Release :
Telecommunication is a transmission of information among points specified by the user without change in the content or information. In telecommunication, a telecommunication system provides a specified set of user-information transfer capabilities to a group of users. A user is responsible for information content of the message. Telecommunication services include email, text, television, fax, radio and Internet access. Telecommunication service providers offer telecommunication services for receiving and sending messages through electronic devices. The telecommunication service provider takes the onus for transmission, acceptance and delivery of the message. These services are also beneficial for employees of enterprises as these services provide flexibility & efficiency and enable easy transmission of data. Some of the disadvantages allied to telecommunication services market are equipment expenses and security issues among others. Factors enhancing growth of telecommunication services are advancement in technology, investment in new telecommunication technologies like satellite and wireless communication, innovative services like e-agriculture and e-education and growing demand for high speed data processing and high speed Internet. However, factors restraining the growth of telecommunication services are non-awareness among consumers and high cost of value added services. On the other hand, penetration of Internet of Things (IoT) technology is creating growth opportunities for telecommunication services market. IoT technology enables telecom operators to monitor and plan maintenance more efficiently, enhance bandwidth and coverage to improve download times, and enhance customer service by reducing dropped calls and service delay times.
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The global telecommunication services market has been segmented on the basis of package type, end-user and region. On the basis of package type, the market is segmented into double play, triple play and quad play. In 2016, triple play accounted for largest market share followed by double play. Quad play segment is expected to grow at a higher rate during the forecast period due to higher adoption of quad play services by micro, small and medium enterprises (SMEs).
In terms of end-use vertical, the market is categorized into residential and commercial. Residential is expected to account for largest market share close to 61.8% of the global telecommunication services market. Commercial is expected to grow with higher CAGR during the forecast period because of increase in demand for bundled services due to its lower rate and high quality services.
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Geographically, Asia-Pacific is the largest market for telecommunication services followed by North America and Europe. Europe is expected to witness fastest growth during the forecast period due to presence of a large number of SMEs as well as government regulations encouraging setting up of small businesses. Market share of Asia Pacific in the telecommunication services market is anticipated to increase during the forecast period. This is due to increasing adoption of telecom enterprise services in countries particularly India, China and Japan. The region is also the leading manufacturing hub and exporter of IT and ITes products
The global telecommunication services market is highly fragmented with number of companies operating in the segment. Companies including KPN Netherlands, SFR France and Virgin Media have been able to establish themselves as leaders. Telecommunication Service vendors are mainly focusing on developing alliances, acquisitions and partnerships with vendor programs for sale of bundle products and services to the business end-users as per their demand which significantly act as critical driver for future success. Apart from forming alliances, partners are also developing new tools and services such as apps etc., to cater to the business end-users. Partners are focusing towards developing new revenue based applications.
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Some of the major players in the global telecommunication services market with the significant developments are
- AT&T Intellectual Property
- Vodafone Group PLC
- Rogers Communications, Inc.
- Telenet Belgium
- BCE Inc
- Telefonica SA
- Bharti Airtel
- T-Mobile among
This report on the global telecommunication service market provides analysis for the period 2017–2027, wherein 2016 is the base year and the period from 2019 to 2027 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global telecommunication service market growth during the said period. Technologies that are playing a major role in driving the global telecommunication service market have also been covered in the study. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue estimates (in US$ Bn), across different geographies.
The global telecommunication service market has been segmented on the basis of package Type, end-use, and geography. Packaging type is further classified into double play, triple play, quad play. The global telecommunication service market is bifurcated on the basis of end-use such as residential and commercial. Geographically, the report classifies the global telecommunication service market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, region wise prominent countries covered in the report include the following - the U.S, Canada, Germany, France, U.K., China, India, Japan, GCC, South Africa and Brazil.
The report also includes key developments in the telecommunication service market form 2006 onwards. Porter Five Force analysis which identifies bargaining power of supplier, bargaining power of buyer, threat from new entrant, threat from substitute and threat from competition in Telecommunication service market is also included in the report. Value Chain analysis which identifies key stake holders in the telecommunication service market is also covered in the report.
The report also covers segment wise comparison matrix, market attractiveness analysis and market share analysis for all regions covered in the scope of study.
Comparison matrix includes segment growth matrix, 2017–2027(%), segment revenue contribution, 2017–2027(%), and segment compounded growth matrix (CAGR %). Market attractiveness identifies and compares segments market attractiveness on the basis of CAGR and market share index.
The report also includes competition landscape which include competition matrix, market share analysis of major players in the global telecommunication service market based on their 2016 revenues and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players.
Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for year 2016 to 2018. The key players profiled in the global telecommunication service as a service market include Virgin Media, Verizon Communications, Orange S.A, Telefonica SA, T-Mobile, Bharti Airtel, AT&T Inc., TalkTalk Telecom Group plc, Vodafone, Telus Communications, Telnet Belgium, Rogers Communications, BCE Inc. etc.
The global telecommunication service market is segmented as below:
Global telecommunication service Market, By Package Type
- Double Play
- Triple Play
- Quad Play
Global telecommunication service Market, By End-use
Global telecommunication service Market, By Geography
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America
The global telecommunication services market is segmented as below: