Latin America Telecom Services Market Size & Outlook
Latin America telecom services market, 2018-2030 (US$M)
Related Markets
Latin America telecom services market highlights
- The Latin America telecom services market generated a revenue of USD 80,451.0 million in 2025.
- The market is expected to grow at a CAGR of 4.4% from 2026 to 2030.
- In terms of segment, mobile data services was the largest revenue generating service type in 2025.
- Mobile Data Services is the most lucrative service type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2026 to 2030.
Latin America data book summary
| Market revenue in 2025 | USD 80,451.0 million |
| Market revenue in 2030 | USD 99,371.9 million |
| Growth rate | 4.4% (CAGR from 2026 to 2030) |
| Largest segment | Mobile data services |
| Fastest growing segment | Mobile Data Services |
| Historical data covered | 2018 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Voice Services, Fixed Internet Access Services, Mobile Voice Services, Mobile Data Services, Pay TV Services, Machine-to-Machine (Mobile IoT) Services |
| Key market players worldwide | AT&T, Verizon Communications Inc, Nippon Telegraph & Telephone Corp, China Mobile, Deutsche Telekom AG, SoftBank Group Corp, Telefonica SA, Vodafone Group PLC, KT Corp ADR, Reliance Inc, KDDI Corp, Orange SA, BT Group PLC, Comcast Corp Class A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.8% of the global telecom services market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,020,752.7 million by 2030.
Mobile data services was the largest segment with a revenue share of 32.87% in 2025. Horizon Databook has segmented the Latin America telecom services market based on fixed voice services, fixed internet access services, mobile voice services, mobile data services, pay tv services, machine-to-machine (mobile iot) services covering the revenue growth of each sub-segment from 2018 to 2030.
The growing adoption of broadband services by both businesses and consumers for stronger connectivity, higher flexibility, and high-speed internet access is propelling the growth of the Latin American telecom services market.
According to the GSMA, 5G connections are anticipated to account for 12% of the total connections in Latin America by 2025. The ratio is expected to surpass the regional average and reach 20% in some economies, particularly Brazil.
The growing demand for 5G network connections and strong broadband connectivity is creating new growth opportunities for telecom service providers in Latin America. Internet connections in Latin America are expected to reach 1.2 billion by 2025.
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Latin America telecom services market size, by country, 2018-2030 (US$M)
Latin America Telecom Services Market Outlook Share, 2025 & 2030 (US$M)
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