Learn about the global wireless telecommunication carriers market through The Business Research Company, which provides information on wireless telecommunication carriers market size, wireless telecommunication carriers market drivers and restraints, wireless telecommunication carriers market players, the COVID-19 impact on the wireless telecommunication carriers market, and more.

The global wireless telecommunication carriers market is expected to grow from $744.75 billion in 2020 to $764.23 billion in 2021 at a compound annual growth rate (CAGR) of 2.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $975.78 billion in 2025 at a CAGR of 6%.

The number of people using mobile payments to pay for goods and services at the point of sale is expected to increase significantly. Particularly in the USA, mobile payment sales are expected to grow exponentially because of the growth in the number of overall users of the technology.

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The wireless telecommunications carriers market consists of sales of telecommunications services and related goods by entities (organizations, sole traders and partnerships) that operate and maintain 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.

Global Wireless Telecommunication Carriers Market Segments Include:

By Type: Cellular/Mobile Telephone Services, Wireless Internet Services
By Application: Household, Commercial
By Product: Voice, Data
By Technology: 3G, 4G, 5G

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global wireless telecommunication carriers market, accounting for 40% of the market in 2020.

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.

TBRC’s wireless telecommunication carriers market report covers:

Major Market Players: AT&T, China Mobile, Verizon Communications, Deutsche Telekom AG, Telefonica SA.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Wireless Telecommunication Carriers Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides wireless telecommunication carriers market overviews, analyses and forecasts market size, share, wireless telecommunication carriers market players, wireless telecommunication carriers market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s wireless telecommunication carriers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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