Germany Telecom Services Market Size & Outlook, 2023-2030
Germany telecom services market, 2018-2030 (US$B)
Related Markets
Germany telecom services market highlights
- The Germany telecom services market generated a revenue of USD 125.7 billion in 2023 and is expected to reach USD 189.1 billion by 2030.
- The Germany market is expected to grow at a CAGR of 6% 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 125.7 billion |
| Market revenue in 2030 | USD 189.1 billion |
| Growth rate | 6% (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, Germany accounted for 6.7% 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 Europe, Germany telecom services market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 179.8 billion by 2030.
Mobile data services was the largest segment with a revenue share of 33.73% in 2023. Horizon Databook has segmented the Germany 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 rapid growth in the number of internet users is a major factor driving the growth of the telecom services market in Germany. For instance, according to the data published by the World Bank, in 2022, 92% of the total population in Germany used the internet, up from 82% in 2010.
This steady growth in the number of internet users is creating favorable conditions for telecom service providers in Germany. In July 2023, Vodafone GmbH announced the launch of Voice over New Radio (VoNR), allowing consumers in locations, such as Frankfurt, Leipzig, and parts of Düsseldorf, to make calls through its 5G network.
The service guaranteed clearer voice quality and quicker call connections. The company also announced that 5G coverage reached 67 million consumers in Germany, representing 81% of the population, using 41,000 antennas.
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Telecom Services Market Scope
Telecom Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany telecom services market size, by service type, 2018-2030 (US$B)
Germany Telecom Services Market Outlook Share, 2023 & 2030 (US$B)
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