Global Carrier Services Market – Industry Trends and Forecast to 2029

Carrier Services Market Analysis and Size

Regulatory agencies licence telecom carriers to operate telecommunications systems. With the continuous expansion of long-term evolution capacity and coverage requirements, operators want to introduce Long Term Evolution (LTE) in their existing Global System for Mobile (GSM) and Wideband Code Division Multiple Access (WCDMA) bands and are looking for ways to maximize spectrum efficiency.

Data Bridge Market Research analyses that the carrier services market was valued at USD 1730 billion in 2021 and is expected to reach the value of USD 4798.14 biillion by 2029, at a CAGR of 13.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Carrier Services Market Scope and Segmentation

Market Definition

A mobile carrier is a wireless service provider that provides cellular connectivity services to subscribers of mobile phones and tablets. The cellular company you pay is either a mobile carrier or a virtual virtual network operator (MVNO). Mobile carriers are large corporations that must obtain a radio spectrum licence from the government to operate in any country region. They own and operate substantial infrastructure in the areas where they provide services.

Global Carrier Services Market Dynamics

Drivers

• Expansion and adoption of cellular networks

Carrier services have seen an increase in demand due to the widespread adoption of cellular networks in recent years, and this trend is expected to continue in the forecast period. A private 5G cellular network consists of core network servers and cell sites to support connectivity and maximize WAN connection to mobile end points. Private cellular networks provide benefits such as network slicing, extremely low latency, and increased bandwidth.

Furthermore, a private 5G cellular network provides high-performance networks to industries and aids in operating various technologies such as automated guided vehicles, drones, sensor technology, heavy machinery automation, and others. Following the Covid-19 pandemic, Wi-Fi hotspots have become overcrowded, and demand for higher capacity and data speeds incorporating a private 5G network has increased.

• Growing trend of digitalization and a rise of OTT platforms

The demand is being driven by increased spending on next generation wireless communication setups as a result of a shift in preferences toward 5G networks and cloud-based technology. There is a high demand for high-speed data connectivity, and the market is expected to grow significantly as the world's digitalization accelerates and OTT platforms proliferate. The market is expanding due to the production and availability of 5 G-enabled smartphones in all countries. The pandemic has also increased market size. When people were isolated at home around the world, entertainment platforms grew in popularity.

Opportunities

• Technological advancements

Rising exponential growth in global IP traffic and cloud traffic, among other things, are driving the carrier services market. Furthermore, rising technological advancements and modernization in the field of network services will open up new opportunities for the carrier services market during the forecast period.

Restraints

• Data privacy

However, rising network traffic with high customer churn and falling exchange rates as a result of the COVID-19 pandemic, as well as the increasing complexity and cost of upgrading traditional network infrastructure, are among the major factors that will limit market growth and further challenge the carrier services market during the forecast period.

This carrier services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the carrier services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Carrier Services Market

As people around the world grapple with the realities of the COVID-19 pandemic, digital entertainment platforms and global telecom service providers have benefited from the current situation due to the nature of their industries and business models. In the current global lockdown scenario, a shift in the workforce to remote working will increase demand for network connectivity and infrastructure. Similarly, the temporary closure of multiplexes and other outdoor entertainment venues as a result of strict social distancing has increased usage of various digital platforms, such as social media, gaming, and OTT applications. Mobile voice traffic has also increased during this time, with major communication operators reporting a massive increase in voice traffic since the pandemic's outbreak.

Global Carrier Services Market Scope

The carrier services market is segmented on the basis of type, offering, mode of communication and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Common Carrier
• Private Carrier
• MVNO

Offering

• Fixed-Network Services
• Mobile Phone Service
• Tablets

Mode of communication

• Telephones
• Satellites
• Wi-Fi

End users

• Commercial
• Industrial
• Transportation
• Others

Carrier Services Market Regional Analysis/Insights

The carrier services market is analysed and market size insights and trends are provided by country, type, offering, mode of communication and end user as referenced above.

The countries covered in the carrier services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific accounted for the largest share and is expected to grow significantly. More than half of new mobile subscribers are expected to come from the region. Platform buy-in from e-commerce and retailers, smartphone ubiquity, and investments in 5G networks are driving the regional market. China, Japan, and India have emerged as major contributors to regional market expansion. Furthermore, rising government initiatives on digital integration via Information Communication Technologies (ICT) are expected to drive market growth in APAC.

North America is expected to have the highest growth rate in the carrier services market during the forecast period due to an increase in demand for internet-based communication services among SMEs in the region, Adoption of unified communication services and cloud technologies such as VoIP unified communications and voice & video conferencing are among the carrier services industry trends in North America.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Carrier Services Market Share Analysis

The carrier services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to carrier services market.

Some of the major players operating in the carrier services market are:

• AT&T intellectual property (U.S)
• Alphabet Inc. (U.S)
• Amazon.com Inc. (U.S)
• Apple Inc. (U.S)
• Baidu Inc. (China)
• Comverse Technology Inc. (Israel)
• Thales (France)
• Google LLC (U.S)
• InMobi (India)
• Kongzhong Corp (China)
• Comviva (India)
• Mobily (Saudi Arabia)
• Vodafone Group Plc (U.K)
• Cisco Systems Inc., (U.S.)
• ZTE Corporation (China)
• Huawei Technologies Co. Ltd. (China)
• SEQUANS (France)

SKU-56886