Change is also being propelled by an accelerating trend towards "cord-cutting", with consumers embracing internet and wireless streaming in place of pay-TV, cable-TV and landline services. This trend is putting pressure on traditional TV distributors and channels. Mobile subscriptions are forecast to grow at an annual average rate of 2.7% during 2018-22. Fixed-line subscriptions will continue to fall, at an average rate of 1.7%, following the trend in most developed countries. The internet user penetration rate will grow at an annual average of 3.5% during the forecast period.
Donald Trump's victory in the 2016 presidential election adds uncertainty to the outlook for telecoms regulation. His appointee to chair the Federal Communications Commission (FCC), the industry's chief regulator, in December 2017, moved to dismantle net neutrality. Mr Trump has repeatedly criticised media organisations that have been unfavourable towards him, but the FCC has so far refused to act against them, including reassessing their licences.
Industry List: Fixed, Telecommunications, Internet, Telecommunications, Mobile, Telecommunications, Telecommunications
Industry Codes (NAIC): 517
Industry Codes (SIC): 48
Telecommunications report: Overview
Telecommunications report: Mobile
Telecommunications report: Fixed
Telecommunications report: Internet