Telecommunications Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 8/12/2019
SIC Codes: 4812, 4813, 4841, 4899
NAICS Codes: 517
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 Telecommunications Services Industry Profile

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 $1.7 trillion in revenue, according to the International Data Corporation's Worldwide Telecom Services Database. The European Union and India lead the world in exports of telecommunications, computer, and information services, according to the World Trade Organization.

The US telecommunications services industry includes about 59,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $618 billion.


Telecommunications services providers operate in a highly competitive market that includes wireless companies, traditional telephone companies, cable companies, internet service providers, and software and application providers. Market saturation has led to a slowdown in wireless subscriber growth in certain developed regions, driving major carriers to lower their prices to compete. Because voice services may increasingly be considered a commodity, providers may attempt to compete by offering superior customer service or heavily investing in marketing.

The telecommunications industry in the US is highly concentrated: the 50 largest companies generate about 90% of revenue. Carriers around the world are in a consolidation push, seeking to grow their subscriber bases through acquisitions, improved service, and new features. ...

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