Telecoms Market Opportunities, Key Strategies, Future Plans And Trends During Forecast Period

The Business Research Company's "Telecoms Market" under information technology category covers market characteristics, key players, market size and trends
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Telecoms Market


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NORTH CANTON, Ohio - Jan. 5, 2020 - PRLog -- The telecoms market size is expected to reach $3450 billion by 2022, growing at a CAGR of around 6% . The growth in the telecoms market is attributed to increasing development of smart cities and emerging market growth.

The telecoms market consists of sales of telecoms goods and services by entities (organizations, sole traders and partnerships) that apply communication hardware equipment for the transmission of voice, data, text and video. This market includes segments such as wired telecommunications carriers, wireless telecommunications carriers and communications hardware manufacturers.

The telecom is expected to face certain restraints from several factors such as security issues and stringent regulatory environment. One of the key restraints of the market include-National security – the telecoms industry involved in the provision of national networks across the world is increasingly targeted by hackers, exposing various security issues.

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With adoption of advanced technologies and growing government initiatives, the scope and potential of the global telecoms market is expected to increase in the forecast period. The top opportunities in the global telecoms market will arise in the wired telecommunications carriers segment which will gain $338.8 billion of global annual sales by 2022.

The global telecoms market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific telecoms market accounts for the largest share in the global telecom industry, accounting for almost 36% of the global market in 2018. It was followed by North America, Western Europe and then the other regions.

Some of the major players involved in the telecoms market are Apple, AT&T, Verizon communication, Huawei, Nippon Telegraph And Telephone Corp, Deutsche Telekom AG, Softbank Group Corp, Telefonica SA, China Mobile and Samsung

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