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Rising Global Mobile Subscribers Poised To Boost Cellular Or Mobile Telephone Services Market: Powering Innovation and Expansion in the Global Cellular or Mobile Telephone Services Market by 2025
Cellular or Mobile Telephone Services
What Is the Expected CAGR for the Cellular or Mobile Telephone Services Market Through 2025?
The market size of mobile or cellular telephone services has seen a consistent increase over the recent years. The market, which is estimated to be $212.93 billion in 2024, is predicted to escalate to $222 billion in 2025, registering a compound annual growth rate (CAGR) of 4.3%. The expansion during the historical period can be attributed to factors such as the advent of digital cellular networks, the inception of GSM standards, enhancement of coverage areas, the increase in mobile data services, and the launch of prepaid services.
What's the Projected Size of the Global Cellular or Mobile Telephone Services Market by 2029?
The market size for cellular or mobile phone services is projected to steadily increase in the coming years, reaching a value of $266.21 billion in 2029 with a compound annual growth rate (CAGR) of 4.6%. This projected expansion during the forecast period can be credited to factors such as smart city programs, the emergence of MVNOS, advancements in mobile security solutions, virtualization and network slicing, and changes in customer usage patterns. Prominent trends expected during the forecast period are the rise of 5G technology, the growth of the Internet of Things (IoT), a surge in mobile data usage, evolution of mobile devices, and an increase in remote work and connectivity requirements.
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Top Growth Drivers in the Cellular or Mobile Telephone Services Industry: What's Accelerating the Market?
The surge in mobile subscribers is anticipated to stimulate the expansion of the cellular or mobile telephone services market throughout the predicted timeline. A global increase to 5.7 billion mobile subscribers, constituting 71% of the population by 2023, is projected in the Cisco Annual Internet Report. Consequently, the escalating number of mobile phone users is expected to fuel the overall growth demand in the cellular or mobile telephone services market.
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What Trends Will Shape the Cellular or Mobile Telephone Services Market Through 2029 and Beyond?
Leading businesses in the mobile telephone services market are introducing innovative solutions like World Mobile service to bridge connectivity deficits and serve both well-connected and neglected areas worldwide. World Mobile Service is a telecommunications product that combines blockchain and cryptocurrency technologies to deliver mobile network services. For example, World Mobile, a UK company that integrates blockchain and cryptocurrency technologies, initiated its service in the US, UK, Australia, Canada, and Tanzania via the World Mobile app in August 2023. Initially available for Android users, the service seeks to improve connectivity in regions with insufficient coverage using blockchain's power. The company provides a de-centralized wireless network service with its World Mobile Token (WMT), which is based on the Cardano blockchain. A distinguishing component of their app is the "Scan for Points" feature, enabling users to spot areas with weak internet and earn rewards. Additionally, the company has collaborated with SingularityNET to explore decentralized AI services.
What Are the Main Segments in the Cellular or Mobile Telephone Services Market?
The cellular or mobile telephone servicesmarket 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 Top Companies are Driving Growth in the Cellular or Mobile Telephone Services Market?
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.
Which Regions Will Dominate the Cellular or Mobile Telephone Services Market Through 2029?
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.
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