Market revenue in 2021 | USD 1,708.0 million |
Market revenue in 2028 | USD 2,467.0 million |
Growth rate | 5.4% (CAGR from 2021 to 2028) |
Largest segment | Value-added services (vas) |
Fastest growing segment | Value-Added Services (VAS) |
Historical data covered | 2017 - 2020 |
Base year for estimation | 2021 |
Forecast period covered | 2022 - 2028 |
Quantitative units | Revenue in USD million |
Market segmentation | Basic Communication Services, Value-Added Services (VAS) |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to telecom services market will help companies and investors design strategic landscapes.
value-added services (vas) was the largest segment with a revenue share of 70.35% in 2021. Horizon Databook has segmented the Global telecom services market based on basic communication services, value-added services (vas) covering the revenue growth of each sub-segment from 2017 to 2028.
Digitalization has proven to be a key enabler for the growth of telecom services across the globe. With the growing technological advancements and developments in the telecommunications network, industries are witnessing a drastic shift in their mode of operations and service delivery. These developments are significantly improving the lives of end-users at large.
Furthermore, industry players are making investments in technology and interoperability, which has reinforced a large shift in the capital and information flow in the worldwide economy. Access to a universally connected network has significantly empowered people across the globe by providing them with access to marketplaces and real-time information. According to statistics provided by airSlate Inc., a work automation platform provider, 54% of firms used eSignature solutions and 38% used video/virtual conferencing.
Telecom services play a crucial role in virtual and video conferencing as they allow people to communicate and collaborate remotely. These services provide high-speed internet connectivity and audio/video transmission capabilities, along with seamless real-time communication between participants located in different geographical locations.
Horizon Databook provides a detailed overview of global-level data and insights on the Global telecom services market , including forecasts for subscribers. This global databook contains high-level insights into Global telecom services market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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