|Last Quarterly Update:||12/12/2016|
|SIC Codes:||4812, 4813, 4841, 4899|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry operate or provide access to facilities for voice, data, text, sound, and video transmission through wired, wireless, or satellite networks. Major companies include US-based AT&T, Comcast, and Verizon Communications, as well as China Mobile, Deutsche Telekom (Germany), Nippon Telegraph and Telephone (Japan), Telefónica (Spain), and Vodafone (the UK).
Worldwide, the telecommunications industry generates $2.2 trillion in revenue and is projected to earn $2.4 trillion by 2019, according to Insight Research. The European Union, the US, Kuwait, and Canada lead the world in exports of telecommunications services, according to the World Trade Organization.
The US telecommunications services industry includes about 50,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $600 billion.
Wireline and wireless carriers, telecommunications resellers, and internet service providers, which are included in the industry, are further discussed in separate industry profiles. The industry also includes cable TV system operators. Cable TV networks are covered in a separate industry profile.
Demand is driven by technological innovation and by growth in business activity and consumer spending. The profitability of individual companies depends on efficient operations and good marketing. Large companies enjoy economies of scale in providing a highly automated service to large numbers of customers and in building and maintaining networks. Smaller companies can compete effectively by focusing on underserved markets or by providing specialty services. The US industry ...
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