Telecom Market To Grow At A Higher Rate

The Business Research Company’s global telecom market, covers the year-on-year growth of the global telecom historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.

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The global telecom market is forecast to grow at a CAGR (compound annual growth rate) of around 6 % to 2022.

Telecom Trends

Internet TV is gaining traction, focus on wireless and mobile technologies and packaged services are the major trends witnessed in the global telecom market. With smart cities, government initiatives, internet of things (IoT), the scope and potential for the global telecom market is expected to significantly rise in the forecast period.

Governments around the world are investing in the creation of smart cities. The European Union is actively promoting smart city initiatives, with funds for research and sustainability targets for member states. The concept of smart cities is rising in developing nations too. In China and India alone almost 300 smart city pilots are currently planned. This requires state-of-the-art telecom. This will act as a major driver of the growth of the telecom hardware manufacturing industry going forward.

The global telecom is primarily driven by the increase in population and rapid technological development.

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The global telecom market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With emergence of multinational telecom companies and low interest environment the global telecom is expected to increase in potential and scope. TBRC’s report also covers the global telecom market report drivers and restraints in the market.

The global telecom market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global telecom report are AT&T, Apple, Verizon Communications Inc, China Mobile Ltd, Samsung

Telecom Market Segmentation

The global telecom market is further segmented based on type and geography.

By Type - The telecom market is segmented into wireless telecommunication carriers, communications hardware wired telecommunication carriers, satellite & telecommunication resellers among these segments the wireless telecommunication carriers market accounts for the largest share in the global telecom market.

By Geography - The global telecom is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific telecom market accounts the largest share in the global telecom market.

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