Lucintel Forecasts the Global Telecommunications Services Market to Reach$2,856.76 billion by 2030

According to a market report by Lucintel, the future of the global telecommunications services market looks promising with opportunities in the consumer and business markets. The global telecommunications services market is expected to reach an estimated $2,856.76 billion by 2030 from $1925.1 billion in 2024,at a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are increased mobile data traffic and fiber deployment required for connectivity.

A more than 150-page report to understand trends, opportunity and forecast in telecommunications services market to 2030 by service type (mobile data services, fixed internet access services, mobile voice services, fixed voice services, pay-TV services, and mobile messaging), transmission (wireless and wireline), end use industry (consumer and business), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that, within the service type category, mobile data services is expected to witness the highest growth over the forecast period due to rowing number of smart phone users.

Within the end use industry category, consumer will remain a larger segment due to remote working and growing need for wide and strong connectivity.

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In terms of region, North America is expected to witness the highest growth over the forecast period due to high demand from businesses for on-demand services, real-time user contact, and storage management.

Alcatel Lucent, AT&T, BhartiAirtel, Cisco Systems, China Mobile, Deutsche Telekom, International Business Machine, Juniper Network, KT, Nippon Telegraph and Telephone  are the major suppliers in the telecommunications services market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056

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