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Rising Global Mobile Subscribers Poised To Boost Cellular Or Mobile Telephone Services Market Driver: Leading Transformation in the Cellular or Mobile Telephone Services Market in 2025
Cellular or Mobile Telephone Services
The anticipated rise in mobile subscribers is projected to fuel the expansion of the cellular or mobile telephone services market in the coming years. As per the Cisco Annual Internet Report, the global mobile subscriber count is speculated to reach 5.7 billion, which constitutes 71% of the population, by 2023. Consequently, this surge in mobile phone subscribers is expected to spur the comprehensive demand for growth in the cellular or mobile telephone services market.
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What Is the projected market size and growth rate for the cellular or mobile telephone services market?
The market size for cellular or mobile telephone services has seen significant growth lately. It is set to increase from $219.38 billion in 2024 to $231.55 billion in 2025, featuring a compound annual growth rate (CAGR) of 5.5%. The historical growth is credited to the advent of digital cellular networks, implementation of GSM standards, enhancement of service areas, surge in mobile data services, and introduction of prepaid services.
The market size for mobile or cellular telephone services is anticipated to experience significant growth in the coming years. It is predicted to expand to $282.58 billion by 2029 with a compound annual growth rate (CAGR) of 5.1%. The growth during this forecasted period can be linked to the development of smart cities, emergence of MVNOS, advancements in mobile security solutions, network slicing and virtualization, and changes in user behavior. Key trends anticipated during this period involve the emergence of 5g technology, the proliferation of the internet of things (IoT), a sharp increase in mobile data usage, evolution of mobile devices, and the growing demand for remote work and connectivity.
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What new trends are reshaping the cellular or mobile telephone services market and its opportunities?
Various top-tier firms within the mobile telecom services sector are rolling out new offerings like the World Mobile service, which aims to fill in connectivity voids and serve both mainstream and underserved regions worldwide. The World Mobile service is a telecommunication solution that merges blockchain and cryptocurrency technologies to deliver mobile network services. For example, in August 2023, World Mobile, a UK-based telecommunication firm that integrates blockchain and crypto technologies, expanded its services to the US, UK, Australia, Canada, and Tanzania, using the World Mobile app. This app, which is initially accessible to Android users, seeks to boost connectivity in regions where it's currently poor, capitalizing on the blockchain's capabilities. It provides a decentralized wireless network service utilizing its own cryptocurrency, the World Mobile Token (WMT), operating on the Cardano blockchain. The app's unique "Scan for Points" feature enables users to track low internet coverage areas and gain rewards. They've also partnered with SingularityNET to delve into decentralized Artificial Intelligence services.
What major market segments define the scope and growth of the cellular or mobile telephone services market?
The cellular or mobile telephone services market covered in this report is segmented -
1) By Type: Basic Communication, Value-Added
2) By Service: 3G Services, 4G Services, 5G Services
3) By End User: Manufacturing, Energy And Utilities, Media And Entertainment, It And Telecom, Transportation And Logistics, Healthcare
Subsegments:
1) By Basic Communication: Voice Calls, SMS (Short Message Service), MMS (Multimedia Messaging Service)
2) By Value-Added Services: Mobile Data Services, Mobile Internet, Mobile Applications, Mobile Payment Services, Location-Based Services, Mobile Advertising
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Which region dominates the cellular or mobile telephone services market?
Asia-Pacific was the largest region in the cellular or mobile telephone services market in 2024. North America was the second largest region of the global cellular or mobile telephone services market share. The regions covered in the cellular or mobile telephone services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the cellular or mobile telephone services industry growth?
Major companies operating in the cellular or mobile telephone services market include Google LLC, Tata Sons Limited, Verizon Communications Inc., China Mobile Limited, Alibaba Group Holding Limited, AT&T Inc., Deutsche Telekom AG, Nippon Telegraph and Telephone Corporation, T-Mobile US Inc., International Business Machines Corporation, SoftBank Corp., Cisco Systems Inc., Vodafone Group plc, Nokia Corporation, BCE Inc., Telus Corporation, Rogers Communications Inc., Juniper Networks Inc., United States Cellular Corporation, Gemalto N.V., KongZhong Corporation, Freedom Mobile Inc., Saskatchewan Telecommunications Holding Corporation, Southern Communications Services Inc ., STRATA Networks, Tampnet Inc., Nex-Tech Wireless Inc., Carolina West Wireless Inc., Pine Belt Wireless Inc., Cellular South Inc., Bragg Communications Inc., Xplornet Communications Inc., Bell MTS Inc., Koodo Mobile, Fido Solutions Inc., Virgin Plus, Rogers Communications Canada, Bell Canada, Public Mobile Inc., Cityfone Telecommunications Inc.
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What Is Covered In The Cellular or Mobile Telephone Services Global Market Report?
• Market Size Forecast: Examine the cellular or mobile telephone services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cellular or mobile telephone services market for a structured understanding.
• Key Players Overview: Analyze major players in the cellular or mobile telephone services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cellular or mobile telephone services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cellular or mobile telephone services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cellular or mobile telephone services market.
• Industry Challenges: Identify potential risks and obstacles affecting the cellular or mobile telephone services market.
• Competitive Landscape: Review strategic developments in the cellular or mobile telephone services market, including expansions, agreements, and new product launches.
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