Overview and Scope
The cellular/mobile telephone service refers to transmitting voice or non-voice messages over licensee’s network in real-time only.
Sizing and Forecast
The cellular or mobile telephone services market size has grown steadily in recent years. It will grow from $216.15 billion in 2023 to $223.37 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to emergence of digital cellular networks, introduction of gsm standards, expansion of coverage areas, rise of mobile data services, introduction of prepaid services.
The cellular or mobile telephone services market size is expected to see strong growth in the next few years. It will grow to $273.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to smart city initiatives, rise of mvnos, mobile security solutions, virtualization and network slicing, evolving user behavior. Major trends in the forecast period include rise of 5g technology, internet of things (iot) expansion, mobile data consumption surge, mobile device evolution, remote work and connectivity needs.
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Segmentation & Regional Insights
The cellular or mobile telephone services market covered in this report is segmented –
1) By Type: Basic Communication, Value-Added
2) By Service: 3G Services, 4G Services, 5G Services
3) By End User: Manufacturing, Energy And Utilities, Media And Entertainment, It And Telecom, Transportation And Logistics, Healthcare
Asia-Pacific was the largest region in the cellular or mobile telephone services market in 2023. North America was the second largest region of the global cellular or mobile telephone services market share. The regions covered in the cellular or mobile telephone services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
An increasing number of mobile subscribers is predicted to contribute to the growth of the cellular or mobile telephone services market over the forecast period. According to the Cisco Annual Internet Report, the number of mobile subscribers across the globe is expected to increase to 5.7 billion (71% of the population) by 2023. Therefore, growing mobile phone subscribers are projected to increase the overall demand for growth of the cellular or mobile telephone services market.
Key Industry Players
Major companies operating in the cellular or mobile telephone services market report are Google LLC, Tata Sons Limited, Verizon Communications Inc., China Mobile Limited, Alibaba Group Holding Limited, AT&T Inc., Deutsche Telekom AG, Nippon Telegraph and Telephone Corporation, T-Mobile US Inc., International Business Machines Corporation, SoftBank Corp., Cisco Systems Inc., Vodafone Group plc, Nokia Corporation, BCE Inc., Telus Corporation, Rogers Communications Inc., Juniper Networks Inc., United States Cellular Corporation, Gemalto N.V., KongZhong Corporation, Freedom Mobile Inc., Saskatchewan Telecommunications Holding Corporation, Southern Communications Services Inc ., STRATA Networks, Tampnet Inc., Nex-Tech Wireless Inc., Carolina West Wireless Inc., Pine Belt Wireless Inc., Cellular South Inc., Bragg Communications Inc., Xplornet Communications Inc., Bell MTS Inc., Koodo Mobile, Fido Solutions Inc., Virgin Plus, Rogers Communications Canada, Bell Canada, Public Mobile Inc., Cityfone Telecommunications Inc.
The cellular or mobile telephone services market report table of contents includes:
1. Executive Summary
2. Cellular or Mobile Telephone Services Market Characteristics
3. Cellular or Mobile Telephone Services Market Trends And Strategies
4. Cellular or Mobile Telephone Services Market – Macro Economic Scenario
5. Global Cellular or Mobile Telephone Services Market Size and Growth
…
32. Global Cellular or Mobile Telephone Services Market Competitive Benchmarking
33. Global Cellular or Mobile Telephone Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cellular or Mobile Telephone Services Market
35.Cellular or Mobile Telephone Services Market Future Outlook and Potential Analysis
36. Appendix
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