Published on : Feb 20, 2018
Albany, New York, February 20, 2018: Telecommunications is a significant part of any business and a company will typically use a large mixture of telecommunications-related services. Presently, there is a rising pressure on telecom operators to grow in the current market and operate profitably owing to the industry’s increasing competition. Market Research Hub (MRH) has publicized a new study titled “Telecommunication Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” to its massive database, which offers major insights, analysis, and valuable guidance on the prospects of global telecommunication services market. The report also incorporates imperative factors propelling the market expansion, untapped opportunities for key market participants, and trends & developments molding the market dynamics.
In the present time, one of the best ways a business can see to it that it is getting the most robust and cost effective solution is to work with a telecom master agent that represents a variety of carriers providing services such as commercial long distance and local phone service, high speed internet access, data services or integrated voice and data services. Looking forward to this, the engagement of innovative and forward-thinking technologies could see a rise in the coming years as players constantly seek to improve their services in the market. As per the active research evaluations, a revenue generation of US$1.4 bn could be promised to be achieved by the global telecommunication services market by 2025. At this pace, the market has been envisioned to expand at a 6.6% CAGR during the forecast period of 2017-2025.
Geographically, the global telecommunication services market is segmented into North America, Latin America, Europe, Japan, the Middle East and Africa (MEA), and Asia Pacific Excluding Japan (APEJ). Of these regions, Asia-Pacific is projected to showcase its power in the international telecommunication services market while being valued at a US$0.5 bn by the end of 2025.
Further, it also offers insights about the global market in the form of a segmentation analysis. It has been characterized on the basis of package type, and end-user. Packaging type is further classified into double play, triple play, quad play. On the other hand, the global telecommunication service market is bifurcated on the basis of end-use such as residential and commercial sector. Another important fact about the market is that high industrial activity and the expansion of micro, small, and medium enterprises (MSMEs) across the globe are estimated to enhance the growth of the world telecommunication services market steadily.
Moving further in the research study, the competitive landscape section features some of the top companies, their products and business strategies, and their standing in the global market. The key players profiled in the global telecommunication service as a service market include Telefonica SA, Virgin Media, Telus Communications, Verizon Communications, Telnet Belgium, Orange S.A, T-Mobile, Bharti Airtel, AT&T Inc., Vodafone, TalkTalk Telecom Group plc, Rogers Communications, BCE Inc.
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