Telecom Global Market Report 2018


Posted June 21, 2018 by praneethtbrc

The global telecom market was valued at over $2 trillion in 2017. Asia Pacific was the largest region in the telecom market in 2017, accounting for around 50% market share.
 
The telecom industry is a part of the information and communication technology industry. The industry is primarily engaged in operating and providing access to facilities for the transmission of voice, data, text and video.

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The market is valued at almost $3 trillion in 2017 due to the IoT technology adoption by manufacturing and transportation services companies driving the software and BPO services market. IoT is a network of physical objects such as devices, vehicles, buildings and other items which are embedded with electronics, software, sensors and network connectivity enable these objects to collect and exchange data.

The market in the report is segmented into: wired telecommunication carriers, wireless telecommunication carriers, communications equipment, and satellite and telecommunication resellers.

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China was the largest country in the telecom market in 2017, accounting for more than one-fourth of the market share. China is followed by the USA and Japan.

The top five competitors in the market are: AT&T Inc., followed by Apple, Verizon Communications Inc., China Mobile Ltd., and Samsung. AT&T Inc. is the world's largest telecommunications company. It provides telecom services and products including wired communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecom equipment, managed networking, and wholesale services.

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Categories Technology , Telecom , Wireless
Tags communications hardware global market report , telecom global market report 2018 , wired telecommunication carriers market overview , wireless telecommunication carriers market analysis
Last Updated June 21, 2018