(MENAFN- EIN Presswire)
Cellular Or Mobile Telephone Services Global market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-for a limited time only!
The cellular or mobile telephone services market is expected to chart strong growth in upcoming years. It will mount to $273.72 billion in 2028 promulgating a CAGR of 5.2%.” - The Business Research Company
LONDON, GREATER LONDON, UNITED KINGDOM, December 20, 2024 /EINPresswire / -- The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only!
How Has the Cellular Or Mobile Telephone Services Market Been Growing , and What Is Its Potential Growth in The Future?
The cellular or mobile telephone services market has evidenced steady growth in preceding years. This market is estimated to burgeon from a considerable $216.15 billion in 2023 to a more substantial $223.37 billion in 2024, predicting compound annual growth rate CAGR of 3.3%. This uptick in growth during the historic period can be traced back to the advent of digital cellular networks, introduction of GSM standards, broader coverage areas, prevalence of mobile data services, and the increased adoption of prepaid services.
Get a detailed overview of this promising market with a comprehensive sample report:
The cellular or mobile telephone services market is expected to chart strong growth in upcoming years. It will mount to $273.72 billion in 2028 promulgating a CAGR of 5.2%. Factors contributing to growth in the forecast period encompass smart city initiatives, rise of MVNOs, mobile security solutions, network virtualization and slicing, along with shifting user behavior. Noteworthy trends to follow in the forecast period include the rise of 5G technology, expansion of internet of things IoT, surge in mobile data consumption, the evolution of mobile devices, and the growing need for remote work and connectivity.
Purchase the full report to stay ahead of industry trends:
Which Factors Are Driving the Growth of the Cellular Or Mobile Telephone Services Market?
An accelerating number of mobile subscribers is predicted to steer growth of the cellular or mobile telephone services market over the forecast period. Data from the Cisco Annual Internet Report confirms that the number of mobile subscribers globally is slated for an increase to 5.7 billion, marking 71% of the population, by 2023. Therefore, the projected rise in mobile phone subscribers is set to boost the overall demand for growth of the cellular or mobile telephone services market.
Who Are the Key Industry Players in the Cellular Or Mobile Telephone Services Market?
Major players in this market include the likes of 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., along with many others.
How Are Companies Innovating within the Cellular Or Mobile Telephone Services Market?
Top companies operating in the cellular or mobile telephone services market are constantly innovating and launching new services like the World Mobile service to bridge connectivity gaps and serve both mainstream and under-represented regions globally. World Mobile Service combines blockchain and cryptocurrency technologies to offer mobile network services. In August 2023, UK based telecom company World Mobile, integrating blockchain and crypto technologies, launched their services in US, UK, Australia, Canada, and Tanzania through the World Mobile app. This app, initially available for Android users, aims to enhance connectivity in otherwise weak internet areas by harnessing the power of blockchain.
How Is The Cellular Or Mobile Telephone Services Market Segmented?
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
What Are Regional Insights Into The Cellular Or Mobile Telephone Services Market?
As of 2023, Asia-Pacific region held the title for the most prominent region in the cellular or mobile telephone services market, with North America holding the second largest share. The regions reported in the cellular or mobile telephone services market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Browse more similar reports-
Advanced Analytics Global Market Report 2024
Mobile Payment Technologies Global Market Report 2024
Mobile Learning Global Market Report 2024
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports across 27 industries, spanning 60+ geographies. The insightful reports are backed by 1,500,000 datasets, extensive secondary research, and exclusive insights gleaned from interviews with industry leaders.
Contact us at:
The Business Research Company:
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at ...
Follow us on:
LinkedIn:
YouTube:
Global Market Model: global-market-model
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN20122024003118003196ID1109015376
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.