Wired Telecommunications Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/6/2024
SIC Codes: 7372
NAICS Codes: 517111
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 Wired Telecommunications Services Industry Profile

Companies in this industry provide services such as local and long-distance calling, internet access, and TV program distribution over fixed-line telecommunications networks. Major US companies include AT&T, Comcast, Spectrum, and Verizon Communications. Major international wireline carriers include BT Group (the UK), China Telecom, Nippon Telegraph and Telephone (Japan), and Orange SA (France).

The global wired telecommunications carriers market is forecast to reach over $2 trillion in 2031 at a compound annual growth rate (CAGR) of 7.4%, according to The Business Research Company. About 5.3 billion people (66% of the world's population) will be using the Internet in 2024, according to DataReportal.

The US wired telecommunications services industry includes about 30,300 establishments (single-location companies and units of multi-location companies) with combined annual revenue of more than $320 billion.


Demand is driven by new services and growth in business activity. The profitability of individual companies depends on efficient operations and effective marketing. Large companies have economies of scale in building and maintaining networks. Smaller companies can compete effectively in small markets or by providing specialty services. The US industry is highly concentrated: the 50 largest companies generate more than 90% of revenue.

Some wired telecommunications services providers also provide wireless telecommunications services. Those that do not may compete with wireless carriers, satellite networks, and internet streaming companies for phone and internet services, as well as TV content distribution. Increasing reliance on wireless ...

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