Wireless Telecommunications Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/9/2018
SIC Codes: 4812
NAICS Codes: 517312
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Wireless Telecommunications Services Industry Profile

The wireless telecommunications services industry is directly linked to the ubiquitous mobile phone, and increasingly other modern connected devices. As much of the developed world is experiencing market saturation, growth in mobile subscriptions is expected to come mainly from India, China, Pakistan, Indonesia, and Bangladesh, as well as Sub-Saharan Africa and Latin America. Industry growth in those regions is driven by large and relatively young populations, fast GDP growth, and limited fixed line infrastructure.

Global industry revenues in 2017 reached $1.05 trillion, a figure that is expected to grow only slightly to reach $1.10 trillion by 2025, according to GSMA Intelligence. Mobile connections worldwide total about 7.8 billion, the equivalent of more than one subscription per human. (Some people have multiple subscriptions and devices.) Top countries by number of wireless subscriptions include China, India, the US, Indonesia, and Brazil, according to the International Telecommunication Union (ITU).

As market saturation is reached, growth rates will continue to fall in both developed and developing countries. About two-thirds of the world's population had a wireless subscription at the end of 2017, a share that is forecast to reach 68% by 2020 and 71% by 2025. Mobile phone users worldwide are increasingly switching to smartphones as devices become more affordable. Soaring usage of data services and the proliferation of internet-connected devices are primary growth drivers for wireless providers worldwide as mobile video and other entertainment consumption continues to increase.

The industry includes ...

 
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