The telecommunications firm Verizon is the leading provider of mobile services in the United States, with a market share of nearly 37 percent of wireless subscriptions as of the last quarter of 2024. T-Mobile and AT&T are the other major wireless carriers in the U.S. market.  The market share is based on subscription figures reported by the companies in quarterly earnings and financial statements. Mobile virtual network operator (MVNO) subscriptions were not considered for the statistic. Seismic shift: T-Mobile and Sprint Merger T-Mobile’s 26.5 billion U.S. dollar acquisition of Sprint Corp. became official on 1st April 2020, a merger that temporarily reduced the number of major wireless providers in the United States. Under the terms of the merger, T-Mobile acquired Sprint’s 33.84 million postpaid subscribers, joining the 47 million T-Mobile postpaid wireless subscribers. DISH Network Corporation acquired Sprint’s prepaid mobile business, Boost Mobile, raising that number to four, satisfying the United States Department of Justice (DOJ) that the market would remain competitive.  T-Mobile is the largest U.S. telco by market cap As of 2024, T-Mobile had a market capitalization of over 214 billion U.S. dollars, the highest of any U.S. telecommunications company. Beijing-based China Mobile and U.S. giant Verizon trailed, with a market cap of 213 and 178 billion U.S. dollars, respectively. Comcast and AT&T were valued at 160 and 134 billion U.S. dollars, respectively.

Forecast: Verizon Wireless Telecom Company Market Share in the US 2024 - 2028 Discover more data with ReportLinker!

This graph displays the number of subscribers to top wireless carriers in the United States from the first quarter of 2013 to the second quarter of 2020. In the second quarter of 2020, Verizon Wireless led the list with 93.98 million subscribers, followed by AT&T that recorded more than 171.41 million subscribers that same quarter.

Wireless subscribers by carriers - additional information

Verizon Wireless and AT&T are the leading wireless carriers in the United States, with each accounting for about one third of the market of wireless subscriptions. Since 2011, Verizon has had the highest wireless revenue among U.S. telecommunication providers. In 2015, Verizon reported almost 92 billion U.S. dollars in wireless revenue in the United States, almost 20 billion U.S. dollars more than AT&T in the same year.

Those two companies have the some of the lowest monthly churn rates in the U.S. market – the average percentage of subscribers that cease to use the company’s services per month. The churn rate is a parameter to measure the loyalty of a company’s subscriber base; the lower the churn rate, the better the outlook for the company.

Both companies are also major players in the billion-dollar global telecommunication services industry. In 2016, AT&T’s operating revenue worldwide amounted to about 164 billion U.S. dollars, with Verizon also generating revenues in excess of 125 billion U.S. dollars.

Mobile Wireless Providers Market Share in the US, 2016 Discover more data with ReportLinker!

In the second quarter of 2024, Verizon Communications’ consolidated revenue amounted to approximately 32.8 billion U.S. dollars. Since 2013, Verizon's operating revenue has consistently exceeded 120 billion U.S. dollars. Verizon’s place in the market Verizon is one of the largest players in the United States telecommunications market, along with AT&T and T-Mobile US. The majority of the company’s revenue is generated through its consumer services segment, which generated over three times the revenue of the firm's business segment in 2022. Up until 2018, Verizon and AT&T were joint wireless carrier market leaders, each holding a share of 30 percent or more of subscriptions in the United States. However, since 2018, AT&T's market share has consistently exceeded that of Verizon.

In 2023, Verizon Wireless led the global communication hardware industry as the top technology with a market share of 15.1 percent. Other noteworthy technologies in the communication hardware sector included Level 3 Communications, Windstream Communications, and Microsoft Windows Phone.

Global Market Share by Key Players (2025)

Tier-Wise Company Classification (2025)

[333 Pages Report] The global next-generation wireless network market is projected to amass a revenue of about US$ 56,782.0 million by 2032, up from US$ 28,578.0 million in 2022 moving forward with a CAGR of 7.1% during the forecast period (2022-2032).

Report Scope

Verizon had the highest total revenue among telecommunication providers and operators in the United States in 2023 with revenues of 134 billion U.S. dollars. This is about ten billion higher than the revenue produced by runner-up, AT&T. T-Mobile US, as the third major telecom provider in the United States, has managed to more than double its annual revenue over the past five years from around 40 billion U.S. dollars in 2017 to more than over 78 billion U.S. dollars in 2023, boosted by its merger with Sprint. Main U.S. wireless providers Since at least 2008, AT&T had the highest operating revenue in the United States each year. For AT&T, Verizon, and T-Mobile US, revenue has increased significantly over the past ten years. T-Mobile's revenue specifically has quintupled since then. AT&T and Verizon were also ranked among the most valuable telecommunication brands worldwide in 2023, standing alongside companies, such as Deutsche Telekom and Xfinity. Wireless services segment Most of the wireless telecommunications revenue in the United States is generated by AT&T, Verizon, and T-Mobile US. Since 2011, AT&T has held about a third of the wireless subscription market in the United States, while Verizon claimed the top spot with around a market share of around 37 percent

The USA wireless telecommunication services industry will reach a market value of USD 4,50,213.5 million in 2025 and grow steadily at a CAGR of 7.9%, reaching USD 9,60,785.9 million by 2035.

Semi-Annual Market Update for USA Wireless Telecommunication Services Market

An Analysis of USA Wireless Telecommunication Services Market by Segment

Market Concentration and Competitive Landscape

The Report Covers US Telecom Industry Share and Companies. The Market is segmented by Service into Voice Services (Wired, Wireless), Data and Messaging Services, and OTT and Pay TV.

[Keywords] Market include NEC Corporation, Huawei, Verizon Communications, China Mobile, T-Mobile USA

The statistic shows the mobile phone sales share by carrier/channel in the United States in the fourth quarter of 2015. In the fourth quarter of 2015, Verizon had a 24 percent share of the mobile phone market in the United States.

Recent developments include: In August 2023, Avaya Inc., a customer experience solution provider, signed a cooperative purchasing contract with Sourcewell, a Government Cooperative Purchasing Organization in North America. This contract enabled U.S. and Canadian customers to procure Avaya solutions and services directly or via an authorized partner on a cooperative contract. , In August 2023, Mitel Network Corporation launched a new version of MiCollab, a collaboration tool providing a unified platform for messaging, voice, and meeting capabilities for its users. According to the company, the new version will provide the end users with the ability to select multiple meeting providers, enhancing the customization and ease of use. , In May 2023, NEC Corporation introduced UNIVERGE BLUE ARCHIVE, an innovative data retention solution for UNIVERGE BLUE CONNECT, a unified communications application. The new offering from NEC is designed to protect and support search and retrieval across different critical business communications channels, such as chat, phone call recordings, short message service (SMS), and voicemail. , In January 2023, Verizon Communications Inc. partnered with Microsoft Corporation to deliver Teams Phone Mobile, the solution to provide Public Switched Telephone Network (PSTN) connectivity with Microsoft Teams and Phone System. The company launched Verizon Mobile for Microsoft Teams, a service that combines mobile devices with Microsoft Teams for simpler collaboration and calling. .

The rapid expansion of digital communication across industries and the increased adoption of mobile and internet services are driving the growth of the telecom services market. As global connectivity demands rise, telecom services shift from traditional voice and messaging services to high-speed internet, cloud-based solutions, and next-gen data services. By surpassing a revenue of USD 1.79 Trillion in 2023, the market is projected to reach around USD 3 Trillion by 2031.

Telecom services are critical in enabling communication and data transfer ensuring reliable connectivity for both personal and business use. With the deployment of 5G networks and fiber-optic technology, telecom providers are offering faster, more reliable internet services. The market is expected to grow at a CAGR of 6.6% from 2024 to 2031 driven by increasing demand for broadband services and the growing integration of IoT devices.

Telecom Services Market: Definition/ Overview

Telecom services refer to the transmission of voice, data, and video over a distance facilitated through wired or wireless means. Telecom services include traditional services such as telephone and internet as well as more advanced solutions like 5G, fiber optics, and cloud-based telecommunication systems. Major telecom service providers including AT&T, Verizon Communications, Vodafone, and China Mobile offer essential communication infrastructure that supports businesses, governments, and consumers globally.

In 2023, Verizon had a reported 144.8 million wireless retail connections, up from 143.25 million in 2022. Overall, the number of Verizon wireless subscribers has been steadily growing since 2007.

Verizon leads the U.S. market

Verizon is one of the largest U.S. telecom companies, alongside Verizon and T-Mobile US. AT&T leads the wireless market when measured by connections. As of the first quarter of 2024, around 37.6 percent of U.S. wireless connections were operated by Verizon, while T-Mobile US and AT&T operated around 31.4 and 29.8 percent, respectively. Unsurprisingly, Verizon generated the most revenue of the three operators in 2023, with AT&T's revenue declining sharply after having spun-off its interests in the media company WarnerMedia.

[Keywords] Market include NTT DoCoMo, AVG, Apple, Metro PCS, F-Secure

The global Wireless Telecommunication Carriers market is projected to reach a value of million by 2033, with a CAGR of XX% during the forecast period 2025-2033. The market was valued at million in 2025. The growth of the market is attributed to the increasing demand for wireless communication services, such as cellular phone services and wireless internet access, due to the proliferation of smartphones and other mobile devices. The market is segmented by type (cellular phone services, wireless internet access), by application (household, commercial), and by region. The North American region is the largest market for wireless telecommunication carriers, followed by the Asia Pacific region. The growth of the market in North America is driven by the increasing adoption of 5G technology, while the growth of the market in the Asia Pacific region is driven by the increasing demand for wireless communication services in emerging markets such as China and India. The key players in the Wireless Telecommunication Carriers market include AT&T, China Mobile, Verizon Communications, Deutsche Telekom, and Telefónica.

In 2023, AT&T had a total of 241.53 million wireless subscribers, a significant increase since the previous year. Over the last decade, the wireless subscriber count has been steadily growing and it has more than tripled since 2007.

AT&T’s wireless subscriber base and ARPU

AT&T’s wireless subscribers can be divided into three separate subscription type groups: postpaid, prepaid, and reseller. The largest group by far is the postpaid group which had about 84.7 million subscribers in 2022. The prepaid model has been steadily increasing over the last nine years, while reseller subscriptions have been losing traction since 2016.

Each of these subscribers generates a certain amount of revenue. In the fourth quarter of 2023, the company’s wireless ARPU (average revenue per user) exceeded 50 U.S. dollars for its postpaid service and 56 U.S. dollars for its phone-only postpaid service. AT&T also has one of the lowest monthly churn rates on the U.S. market. This means that the average percentage of people that ended their subscription with the company is low.

Wireless carriers in the United States

Of the three major wireless carriers in the United States - AT&T, Verizon, T-Mobile - out of which AT&T holds the largest share of the wireless subscription market. In the first quarter of 2018, AT&T surpassed Verizon in number of wireless subscriptions and now AT&T have the highest number of subscribers in the United States. In 2020, T-Mobile and Sprint merged and in the second quarter of 2020 the surviving brand T-Mobile USA, had more wireless subscribers than Verizon.