How much is the telecommunications industry worth?

Report Overview. The global telecom services market size was valued at USD 1,657.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028.

How much money does the telecommunication industry make?

By 2018, wireless telecommunication services are expected to generate around 887.4 billion U.S. dollars in revenues by 2018. Fixed telecommunication services are forecast to amount to around 525 billion U.S. dollars in revenues in 2019. The industry is dominated by multinational telecommunication service companies.

What is the growth rate for the telecom industry?

The market size of the Wireless Telecommunications Carriers industry in the US has grown 2.8% per year on average between 2017 and 2022.

How much is the telecommunications industry worth in the United States?

Many telecommunication companies in the U.S. are innovative and continuously introducing new services to the market. In 2021, the estimated industry revenue of the industry was US$583.4 billion.

How big is the telecom industry in world?

The global telecom market size is expected to grow from $2,642.14 billion in 2021 to $2,866.61 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%.

What is the telecom industry expected revenue in Europe by 2019?

The revenue of the telecommunications services industry in Europe stood at 292 billion euros in 2012 and is expected to slip to 277 billion by 2019. The global revenue made from telecom services is expected to reach almost 1.2 trillion Euros in 2019.

Which is the largest telecommunication market in the world?

China Mobile , the world’s largest carrier by subscribers, tops the list of the world’s largest telecommunication companies again. The juggernaut widens its lead as its market value soared almost $10 billion year-over-year to a whopping $280 billion.

Is telecom industry growing in world?

The various products used include telecom hardware and telecom services for household and commercial applications. The global telecom market size is expected to grow from $2,642.14 billion in 2021 to $2,866.61 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%.