Press release
Wired Telecommunication Carriers Market Report 2024-2033: Global Outlook, Growing Demand, Rising Trends And Major Players
"The new report published by The Business Research Company, titled Wired Telecommunication Carriers Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the wired telecommunication carriers market size has grown steadily in recent years. It will grow from $1050.12 billion in 2023 to $1082.84 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The wired telecommunication carriers market size is expected to see steady growth in the next few years. It will grow to $1240.56 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%.
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The Impact Of Economic Growth On The Wired Telecommunication Carriers Market
The wired telecommunication carriers market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) stated that the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.
The Diversification Of Services In The Wired Telecommunications Market
Wired telecommunications companies are offering additional services to their consumers instead of limiting their service offerings to fixed line and DSL internet services. Companies are shifting toward a multi-function system by adding services such as internet broadband and television satellite connection in their offering. Thus, a consumer receiving internet and voice telephony is more likely to subscribe to IPTV, video on demand, and pay television services. For example, AT&T acquired DirecTV pay-tv services to increase offerings to their customers.
The wired telecommunication carriers market covered in this report is segmented -
1) By Type: Broadband Internet Services, Fixed Telephony Services, Direct-To-Home(DTH) Services
2) By Subscription Type: Basic, Primium, Other Subscription Types
3) By Application: Household, Commercial
Sub segments: Basic, Premium, Other Subscription Types, Household, Commercial
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Major companies operating in the wired telecommunication carriers market report are Verizon Communications Inc., Deutsche Telekom AG, Comcast Corporation, AT&T Inc, BT Group Plc., Nippon Telegraph & Telephone Corp, America Movil SAB de CV, China Telecom Corporation Limited, Vodafone Group, Orange SA, Bharti Airtel Ltd, GTL Infrastrtucture Ltd, Himachal Futuristic Communications Ltd., Indus Towers Ltd, Mahanagar Telephone Nigam Ltd. (MTNL), Reliance Jio Infocomm Ltd, Tata Communications Ltd, Tata Teleservices Maharashtra Ltd, Tejas Networks Ltd, Vodafone Idea Ltd, China Tower Corporation, Shanghai Oriental Pearl Group, China Unicom, China Satellite Communications, Telefonica SA, T-Mobile, Polkomtel, Beeline, MegaFon, Mobile TeleSystems, Tele2, Spectrum, Frontier, CenturyLink, AT&T, Bell,, Movistar, Telecentro, Supercanal, Claro Americas, Embratel, Intelig Telecom, Universo Online (UOL), Global Village Telecom, Emirates Integrated Telecommunications Company PJS, Etisalat, General Authority for Regulating the Telecommunica, NourNet, Sahara Net, Wafai Net, Saudi Telecom Company (STC), Mawarid Electronics LTD (MEL), Technology Solutions Services (TSS), Applied Technologies Company (Apptec), Backspace Technologies (Pty) Ltd, WISPA (Pty) Ltd, Woeke Communications CC, Siyaphambili Telecoms (Pty) Ltd, SMD Telecommunications (Pty) Ltd, Spectrum Communications (Pty) Ltd, Vlocity Communications (Pty) Ltd, Rain Group Holdings (RF) (Pty) Ltd, Business Communication Systems CC, ONENEBULA (Pty) Ltd
Contents of the report:
1. Executive Summary
2. Wired Telecommunication Carriers Market Report Structure
3. Wired Telecommunication Carriers Market Trends And Strategies
4. Wired Telecommunication Carriers Market - Macro Economic Scenario
5. Wired Telecommunication Carriers Market Size And Growth
…..
27. Wired Telecommunication Carriers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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