Wired Telecommunications Carriers in Canada - Industry Market Research Report

Dial tone: Telecommunications companies will likely continue to integrate systems to make up for losses from telephony

Rapid technological advancements have changed the way humans interact, pushing wired telecommunication services to the sidelines of communication. External competition from wireless telecommunication services and Voice over Internet Protocol (VoIP) software have lessened demand for local and long-distance telephony services. In recent years, many households have reduced expenses by cutting landline phone service. Industry revenue has been falling at a CAGR of 7.8% over the past five years, and is expected to reach $4.4 billion through the end of 2023. This includes a decline of 5.1% in 2023 alone. The Wired Telecommunications Carriers industry in Canada provides local and long-distance telephony services. Operators also generate revenue by wholesaling access to their networks for many purposes. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.