Global Telecom Services Market
The GMI Research report envisages that the Telecom Services Market will impel over the forecast period. This is because of the accelerating number of smartphone users and the incorporation of internet of thing devices.
Request for a FREE Sample Report on Telecom Services Market
Telecom Services Market Dynamics
The accelerating number of mobile subscribers, augmenting demand for faster internet, easy data transfer, and processing as well as the mounting supply of smartphones is the chief forces projected to stimulate the growth of the global telecom services market. As per the World Bank, nearly 51% of the worldwide population used internet connection via a mobile phone, games machine, digital TV and assistant, computer, etc. and the number of mobile subscription increased from 7.9 in 2018 to 8.2 billion in 2019. This will raise the Global Telecom Services Market Size.
Further, as per the Global Telecom Services Market Size Report, the surging usage of 5G infrastructures because of the aggravated demand for faster data connectivity will supplement the market growth. As per the GSM Association, the 5G connections will touch 1.1 billion, by 2025, with 12% of overall mobile connections, and the total operator income to expand at a growth rate of 2.5%, which will proliferate the growth of the market.
However, the inflated cost of value-added services, security maintenance, and inadequate knowledge among consumers will restrain the Telecom Services Market Size.
Type Segment Drivers
According to the type, the mobile data services segment is anticipated to hold a prominent share in the market during the forecast period. This is because of the accelerating penetration of internet and the mounting demand for faster broadband services among business and residential industries. In accordance with the GSM Association, nearly 72% of the worldwide population will be interconnected to a mobile network by the end of 2020 and the number of ubiquitous mobile subscribers is forecasted to reach to 5.8 billion by 2025. This is expected to support the growth of the market over the forecast period.
About GMI Research
GMI Research offers business perceptiveness and detailed market research reports to help the clients formulate deliberated business policies and attain viable growth in the specified market domain. Our research report offers a complete analysis which includes pure forecasts, competitive landscape, and other market insights to support companies in reaching prudential decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
