How Is The Wireless Telecommunication Carriers Market Segmented?
The wireless telecommunication carriers market covered in this report is segmented –
1) By Type: Cellular Or Mobile Telephone Services, Wireless Internet Services
2) By Product: Voice, Data
3) By Technology: 3G, 4G, 5G
4) By Application: Household, Commercial
Subsegments:
1) By Cellular Or Mobile Telephone Services: Postpaid Services, Prepaid Services, Mobile Virtual Network Operators (MVNOs)
2) By Wireless Internet Services: Mobile Broadband Services, Fixed Wireless Access Services, Data-Only Plans
Wireless Telecommunication Carriers Market Driver: Expanding Mobile Device Use Drives Growth In Wireless Telecommunication Carriers Market
The increasing use of mobile devices is expected to propel the growth of the wireless telecommunication carriers market going forward. A mobile device is a handheld computing device that is small enough to be carried around and operated in the hand. These may also include voice communication capabilities, onboard sensors that allow the devices to capture information, and built-in features for synchronizing local data with remote locations. Wireless telecommunication carriers play a crucial role in the mobile device industry by providing the infrastructure and services that enable mobile devices to connect to the internet and communicate with other devices. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. The UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) will own a smartphone. Therefore, the increasing use of mobile devices is driving the growth of the wireless telecommunication carrier market.
Wireless Telecommunication Carriers Market Driver: Rising Per Capita Disposable Income Fuels Growth In Wireless Telecommunication Carriers Market
Increasing per capita disposable income is expected to propel the growth of the wireless telecommunication carriers market going forward. Per capita disposable income is a measure of the amount of money that an individual has available to spend or save after paying taxes and other mandated costs. Growing per capita disposable income can boost corporate profit, which can drive investment in the wireless telecommunication carriers market. For instance, in January 2023, according to the Office of National Statistics, a UK-based executive office of the statistics, disposable income inequality increased to 35.5% in the financial year ending (FYE) 2022 from 34.4% in FYE 2021. Therefore, increasing per capita disposable income is driving the growth of the wireless telecommunication carriers market.
Global Wireless Telecommunication Carriers Market Major Players
Major companies operating in the wireless telecommunication carriers market include China Mobile Ltd., Verizon Communications Inc., Comcast Corp, AT&T Inc., Deutsche Telekom AG, Reliance Industries Ltd., Nippon Telegraph And Telephone Corp, T-Mobile USA Inc., China Telecom Corp Ltd., SoftBank Group Corp., Vodafone, KDDI Corp, Orange SA, America Movil, Telefonica SA, Bharti Airtel Limited, Telecom Italia, KT Corporation, Telstra Corp Ltd., Etisalat, SK Telecom Co. Ltd., MTN Group Limited, Swisscom AG, Singtel Group, Telia Company AB, Telenor ASA, Axiata Group Bhd, Ooredoo Group, Turkcell Iletisim Hizmetleri A.S.
Global Wireless Telecommunication Carriers Market Trend: Anticipating The Impact Of 5G On The Telecoms Industry
The biggest forthcoming change in the telecoms industry is the emergence of fifth-generation mobile networks (5G). 5G is expected to be much faster than the present 4G network. The 5G network is yet to be commercially available and this new-generation mobile network is likely to provide the capacity needed to support the IoT (Internet Of Things) revolution. Low latency is another important feature expected from 5G.
Global Wireless Telecommunication Carriers Market Trend: Ericsson Introduces TCC Software Toolbox For Enhanced 5G Experiences
Major companies operating in the wireless telecommunication carriers market are focused on introducing new software toolboxes for real-time 5G experiences. Software toolboxes are used to resolve lags and interruptions in mobile networks, enabling time-critical use cases at scale. For instance, in February 2023, Samsung Electronics, a South Korea-based Home appliance company, launched virtualized RAN (vRAN) software, designed to enhance performance and energy efficiency for network operators. The updated vRAN introduces a suite of smart features that increase bandwidth support for Massive MIMO radios and analyze hourly traffic patterns to optimize network conditions. Additionally, the new capabilities include an automated sleep mode feature aimed at reducing energy consumption, aligning with the industry's focus on sustainable practices. These innovations are positioned to support the next phase of network virtualization, addressing the evolving needs of telecom operator.
Wireless Telecommunication Carriers Market Merger And Acquisition: Zeebu's Partnership With Global Telecom Carriers
In May 2023, Zeebu, a US-based blockchain-based settlement platform, partnered with four global telecom carriers, BBT Voice Limited, Broadband Telecom Inc., BridgeVoice Inc., and Novatel, to extend its solutions to millions of clients and improve global telecom carrier industry transactions. BBT Voice Limited is a US-based wireless telecommunications carrier. Broadband Telecom Inc. is a US-based wholesale VoIP and global messaging service provider.
Regional Outlook For The Global Wireless Telecommunication Carriers Market
Asia-Pacific was the largest region in the wireless telecommunication carriers market in 2024. North America was the second largest region in the wireless telecommunication carriers market. The regions covered in the wireless telecommunication carriers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the wireless telecommunication carriers market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Defines the Wireless Telecommunication Carriers Market?
The wireless telecommunications carriers market includes revenues earned by entities by providing telecommunications services such as operating and maintaining the switching and transmission facilities to provide telecommunications services via airwaves. The services provided by the companies in this industry include cellular phone services, wireless internet access, and wireless video. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The wireless telecommunications carriers market is segmented into cellular/mobile telephone services and wireless internet services.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Wireless Telecommunication Carriers Industry?
The wireless telecommunications carriers market research report is one of a series of new reports from The Business Research Company that provides wireless telecommunications carriers market statistics, including wireless telecommunications carriers industry global market size, regional shares, competitors with a wireless telecommunications carriers market share, detailed wireless telecommunications carriers market segments, market trends and opportunities, and any further data you may need to thrive in the wireless telecommunications carriers industry. This wireless telecommunications carrier’s market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
