Wired Telecommunication Carriers Global Market Report 2024

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 expansion observed in the historical period can be attributed to factors such as the rise in demand for professional services businesses, favorable government initiatives, economic growth in emerging markets, and increased investments.

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%. The anticipated growth in the forecast period can be attributed to factors such as the increasing incidence of the tech sector expected to drive demand for wired telecommunication, rising urbanization, and increasing investments. Major trends in the forecast period include heightened adoption of IoT telecommunications, DTH service providers introducing interactive TV to engage audiences, a focus on the use of fiber optic cables, and strategic mergers and acquisitions.

The growth of the wired telecommunication carriers market is supported by the anticipated stable economic growth in both developed and developing countries. The International Monetary Fund (IMF) reported a global GDP growth of 3.3% in 2020 and 3.4% in 2021, and this positive trend is expected to continue. The recovery of commodity prices following a significant historic decline is also foreseen to contribute to market growth. Developed economies are projected to experience stable growth, while emerging markets are anticipated to grow slightly faster than their developed counterparts during the forecast period. This stable economic growth is expected to drive investments in end-user markets, providing momentum to the wired telecommunication carriers market.

The growth of the wired telecommunication carriers market is further expected to be fueled by the increasing number of mobile internet subscribers. Mobile internet subscribers, actively using mobile services to access the internet, are supported by wired telecommunications carriers through infrastructure and services such as broadband internet and Direct-To-Home (DTH) Services. According to The GSM Association, the number of mobile internet subscribers is projected to rise from 4.2 billion in 2021 to 5.0 billion in 2025, emphasizing the significant role of wired telecommunications carriers in facilitating mobile internet connectivity.

Wired telecommunications companies are evolving their service offerings beyond fixed line and DSL internet services. They are adopting a multi-function system approach by integrating additional services such as internet broadband and television satellite connections. This strategy enhances consumer engagement, as subscribers receiving internet and voice telephony are more likely to opt for IPTV, video on demand, and pay television services. Notably, companies such as AT&T have expanded their offerings by acquiring DirecTV pay-tv services to cater to a broader range of consumer needs.

Major players in the wired telecommunication carriers industry are embracing strategic partnerships to deliver essential communication services to individuals, businesses, and governments. Strategic partnerships involve leveraging each other's strengths and resources for mutual benefits and success. For instance, in June 2023, Nokia Corporation, a Finnish telecommunications company, joined forces with Red Hat Inc., a US-based software company, to develop innovative solutions for wired telecommunications carriers. This collaboration aims to build and deploy more agile, scalable, and efficient networks, provide innovative solutions for 5G networks, and enhance cost efficiency.

In May 2021, Deutsche Telekom AG, a German telecommunications company, announced the planned acquisition of majority stakes in T-Mobile by 2024, although the exact amount was undisclosed. This strategic move is expected to enable Deutsche Telekom to expand its fiberglass broadband internet to 10 million customers and achieve nearly nationwide coverage by 2024. T-Mobile, a US-based telecommunications services provider, is set to play a key role in this expansion.

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.

North America was the largest region in wired telecommunication carriers market in 2023. Asia-Pacific was the second largest region in wired telecommunication carriers market. The regions covered in the wired telecommunication carriers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wired telecommunication carriers market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The primary types of services in wired telecommunications carriers include broadband internet services, fixed telephony services, and Direct-To-Home (DTH) Services. Broadband internet services are retail services used to transmit and receive data over a high-speed internet connection. Various subscription plans, such as basic, premium, and others, cater to applications in households and commercial settings.

The wireless telecommunications carriers market research report is one of a series of new reports that provides wireless telecommunications carriers market statistics, including wireless telecommunications carriers industry global market size, regional shares, competitors with a wireless telecommunications carriers market share, detailed wireless telecommunications carriers market segments, market trends and opportunities, and any further data you may need to thrive in the wireless telecommunications carriers industry. This wireless telecommunications carriers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The wired telecommunications carriers market includes revenues earned by entities by providing services for local and long-distance voice calling, sound and video transmission, cable TV, and internet services over fixed-line networks. Companies in the wired telecommunications industry may own and maintain networks, share a network or lease a network from other companies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.