Canada Telecom Services Market Size & Outlook, 2023-2030
Canada telecom services market, 2018-2030 (US$B)
Related Markets
Canada telecom services market highlights
- The Canada telecom services market generated a revenue of USD 55.3 billion in 2023 and is expected to reach USD 78.0 billion by 2030.
- The Canada market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, mobile data services was the largest revenue generating service type in 2023.
- Mobile Data Services is the most lucrative service type segment registering the fastest growth during the forecast period.
Telecom services market data book summary
| Market revenue in 2023 | USD 55.3 billion |
| Market revenue in 2030 | USD 78.0 billion |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Mobile data services |
| Fastest growing segment | Mobile Data Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| 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, Canada accounted for 2.9% of the global telecom services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. telecom services market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 725.7 billion by 2030.
Mobile data services was the largest segment with a revenue share of 33.45% in 2023. Horizon Databook has segmented the Canada 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.
In Canada, the increasing urban population and the proliferation of 3G-, 4G-, and 5G-compatible mobile phones are anticipated to fuel the growth of the market. The outbreak of the COVID-19 pandemic particularly promoted the remote working culture and subsequently triggered the use of the internet and other telecom services, such as voice calls, among others.
The growing preference for online shopping in the wake of the outbreak of the pandemic advances in 5G technology and the increasing investments in the rollout of the modern telecommunications infrastructure are also expected to play a vital role in driving the adoption of telecom services in Canada.
For instance, in May 2022, TELUS, a telecommunications company based in Canada, announced plans to invest USD 17 billion in network infrastructure, spectrum, and operations across Alberta, Canada. The company was particularly looking forward to expanding its wireless networks over the next four years.
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Telecom Services Market Scope
Telecom Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada telecom services market size, by service type, 2018-2030 (US$B)
Canada Telecom Services Market Outlook Share, 2023 & 2030 (US$B)
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