Global Mobile Telecommunications Services Market, By Service Type (Basic Communication, Value-added), Solution (Products, Services) – Industry Trends and Forecast to 2029.
Mobile Telecommunications Services Market Analysis and Size
One of the fastest growing industries in the business world is telecommunications services. Service providers provide telecommunications services to send and receive messages via electronic devices. Phone internet access, email, text, television, radio, and fax are all available services.
Data Bridge Market Research analyses that the mobile telecommunications services market was valued at USD 1657.1 billion in 2021 and is expected to reach the value of USD 2066.78 billion by 2029, at a CAGR of 2.80% 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.
Mobile Telecommunications Services Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Service Type (Basic Communication, Value-added), Solution (Products, Services)
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Countries Covered
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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
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Market Players Covered
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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. (U.S.), Thales (Netherlands), 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 communications (France)
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Market Opportunities
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Market Definition
The process of sending, transmitting, and receiving information over a long distance in order to communicate is known as mobile telecommunications. This type of signal transmission is carried out with the assistance of a mobile device, such as a cellular phone, computer, or other wired or wireless device. The primary advantage of mobile telecommunications is the ability to perform point-to-multipoint transmissions using either a digital or digitised analogue signal.
Global Mobile Telecommunications Services Market Dynamics
Drivers
- Widespread adoption of cellular networks
Mobile telecommunications 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 the operation of 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 that incorporate a private 5G network has increased.
- Global digitization and proliferation of OTT networks
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 5G enabled smartphones in all countries. The pandemic has also increased market size. Entertainment platforms grew in popularity when people were isolated at home around the world.
Opportunity
- Technological advancements
Rising exponential growth in global IP traffic and cloud traffic, will be a great opportunity for mobile telecommunications services market. Furthermore, rising technological advancements and modernization in the field of network services will open up new opportunities for the mobile telecommunications 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 mobile telecommunications services market during the forecast period.
This mobile telecommunications 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 mobile telecommunications 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 Mobile Telecommunications 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 Mobile Telecommunications Services Market Scope
The mobile telecommunications services market is segmented on the basis of service type and solution. 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.
Service type
- Basic communication
- Value added
Solutions
- Product
- Performance management
- Intelligent assurance
- Analytics
- Services
Mobile Telecommunications Services Market Regional Analysis/Insights
The mobile telecommunications services market is analysed and market size insights and trends are provided by country, service type, network type, enterprise size, and end-user industry as referenced above.
The countries covered in the mobile telecommunications 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 mobile telecommunications 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 mobile telecommunications 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 Mobile Telecommunications Services Market Share Analysis
The mobile telecommunications 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 mobile telecommunications services market.
Some of the major players operating in the mobile telecommunications 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. (U.S.)
- Thales (Netherlands)
- 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 communications (France)
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