Global Telecom Services Market Size & Outlook
Global telecom services market, 2017-2028 (US$B)
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Global telecom services market highlights
- The global telecom services market generated a revenue of USD 1,708.0 million in 2021 and is expected to reach USD 2,467.0 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 5.4% by 2028.
- In terms of segment, value-added services (vas) accounted for a revenue of USD 1,201.6 million in 2021.
- Value-Added Services (VAS) is the most lucrative service segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| 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) |
Other key industry trends
- In terms of revenue, the North America accounted for 27.7% of the global telecom services market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 31.6 million by 2028.
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Telecom Services Market Scope
Telecom Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global telecom services market outlook
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.
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Target buyers of Global telecom services market databook
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Our clientele includes a mix of telecom services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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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Global telecom services market statistics, by regions, 2017-2028 (US$B)
Top 10 countries: Telecom services market size, 2021 (USD Billion)
Top 10 countries: Telecom services market size, 2021 (USD Billion)
Global telecom services market, by region, 2021 (US$B)
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