17.63% CAGR of growth in the Telecom Towers Market during the forecast period of 2018-2023| Major Vendors - AMERICAN TOWER CORPORATION, HELIOS TOWERS AFRICA, BHARTI INFRATEL, CHINA TOWER CORPORATION, AT&T TOWERS, amongst others

Market Analysis:

Asia-Pacific to Dominate the Growth of the Market
Asia-Pacific accounts for the highest volume of towers in the market, accounting for around 71.92% of the total towers in 2017. High penetration of smart devices is leading to high consumption of data in developing countries, such as China and India, which is driving the growth of the market in the region.

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The telecom tower industry has gained high prominence as an independent industry, mainly in India and the United States. In other parts of the world, tower sharing has been initiated or already in practice, and yet major share of the telecom towers are managed by the telcos. The annual data usage through wireless networks has been increasing rapidly, promoting the smartphone penetration considerably. Tower sharing is one of the major growth drivers for the telecom industry, as it significant benefits, such as cost reduction and faster data rollout. Growth in cloud-based services for mobile users and roll-out of 4G LTE services around the world have increased the network investment by carriers, which is driving the demand for the telecom towers market.

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Market Segments:
Telecom Towers Market is segmented by:
1. Fuel Type: Renewable, Non-renewable
2. Installation: Rooftop, Ground-based
3. Ownership: Operator-owned, JV, Private-owned, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• November 2017: American Tower Corporation entered into definitive agreements with Vodafone India Limited and Idea Cellular Limited through which it is expected to add an aggregate of approximately 20,000 communications sites to its existing Indian portfolio.
• November 2017: T-Mobile announced plans to launched License Assisted Access (LAA) on small cells to add capacity and speed, and further increase the density of its network.
• August 2017: Helios Towers Africa entered into an agreement with Zanzibar Telecom PLC for the acquisition of unique sites of their mainland tower portfolio.

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