Verizon remained the largest mobile service provider in the United States by subscriber count as of the second quarter of 2025. The New York-based operator commanded a market share of around ** percent, down from over ** percent in 2022. Meanwhile, rival firm T-Mobile US continued to grow its presence, capturing roughly one-third of all subscribers for the first time. Mobile virtual network operator (MVNO) subscriptions were not considered for this statistic. Seismic shift: T-Mobile and Sprint Merger T-Mobile has pursued an aggressive business strategy aimed at putting pressure on long-established market leaders Verizon and AT&T. This has included major deals designed to expand its market presence, most notably its 2020 acquisition of the network operator Sprint, which bolstered T-Mobile’s efforts to compete with its rivals on the quality of its 5G network. As of 2025, T-Mobile offered the fastest 5G download speeds by far among the three major operators. T-Mobile is the largest U.S. telco by market cap As of 2025, T-Mobile had a market capitalization of almost *** billion U.S. dollars, the highest of any U.S. telecommunications company. Beijing-based China Mobile and U.S. giant AT&T trailed, with a market cap of *** and *** billion U.S. dollars, respectively.

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

The US Telecom MNO Market is Segmented by Service Type (Voice Services, Data and Internet Services, Messaging Services, Iot and M2M Services, OTT and PayTV Services, and Other Services), and End User (Enterprises, Consumer). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Subscribers).

The wireless telecommunication carrier industry has witnessed significant shifts recently, driven by evolving consumer demands and technological advancements. The popularity of smartphones and rising data consumption habits have mainly driven growth. Households have chosen to disconnect their landlines to cut costs and receive network access away from home. Industry revenue was bolstered during the current period by a surge in mobile internet demand. The revival of unlimited data and call plans prompted industry-wide adjustments to pricing and data offerings. While competition has intensified, leading to price wars and slender margins, carriers have embraced bundled offerings of value-added services, like streaming subscriptions, to distinguish themselves. Despite these efforts, revenue growth remains sluggish amid high operational costs and a saturated market. Overall, Wireless Telecommunications Carriers' revenue has modestly grown at an annualized rate of 0.1% to total $340.3 billion in 2025, when revenue will climb an estimated 6.0%, as the early shift to fifth-generation (5G) enables businesses to renegotiate the current product-price paradigm with consumers. The industry is defined by a transition from primarily providing voice services to focusing on providing data services. Technological change, namely the shift from fourth-generation (4G) wireless data services to 5G, continues to shape the industry. Companies expand scope through mergers and acquisitions, acquiring spectrum and niche customer bases. The battle for wireless spectrum intensified as 5G technology became a focal point, requiring carriers to secure valuable frequency bands through hefty investments. For instance, Verizon's $45 billion expenditure in the C-band spectrum auction highlights the critical importance of spectrum acquisition. While Federal Communications Commission (FCC) regulations have curtailed large-scale consolidations, strategic alliances and mergers have been common to share infrastructure and expand market reach. Also, unlimited data plans have shaken up cost structures and shifted consumers to new providers. Following the expansion of unlimited data and calls, profit is poised to inch downward as the cost of acquiring new customers begins to mount. Profitability is additionally hindered by supply chain disruptions, which still loom large, as equipment delays and price hikes impact rollout timeliness. Industry revenue is forecast to incline at an annualized 5.4% through 2030, totaling an estimated $443.5 billion, driven by the expansion of mobile devices using data services and increasing average revenue per user. As the rollout of 5G networks increases the speed of wireless data services, more consumers will view on-the-go internet access as an essential function of mobile phones. Moving forward, the industry landscape will be characterized by the heightened competition among carriers for wireless spectrum, an already scarce resource and efforts to connect more Americans in remote parts of the country to fast and reliable internet. Subscriber saturation presents a formidable challenge, compelling carriers to focus on existing customers and innovative service packages. Companies like AT&T and Verizon are pioneering flexible infrastructure projects, which could redefine the industry’s operational efficiency. Despite facing spectrum supply limitations, the industry is poised to benefit from seamless connectivity solutions for various sectors, potentially redefining wireless carriers’ roles in an increasingly interconnected world.

Verizon had the highest total revenue among telecommunication providers and operators in the United States in 2023 with revenues of 134.79 billion U.S. dollars. This is about 12 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 81 billion U.S. dollars in 2024, 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

Forecast: T-Mobile Telecom Company Market Share in the US 2022 - 2026 Discover more data with ReportLinker!

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US Telecom Market Size 2025-2029

The us telecom market size is forecast to increase by USD 123.8 billion, at a CAGR of 6.8% between 2024 and 2029.

The Telecom Market in the US is experiencing robust growth, driven primarily by the surging demand for broadband services and technological advancements. The increasing number of remote work arrangements and online learning necessitate high-speed internet connections, fueling the expansion of this sector. Moreover, the continuous evolution of technology, such as 5G and the Internet of Things (IoT), is revolutionizing the telecommunications landscape, offering new opportunities for innovation and growth. However, the market is not without challenges. Regulatory compliance poses a significant hurdle, with stringent regulations governing data privacy, network security, and spectrum allocation. Companies must invest heavily in ensuring compliance with these regulations to maintain customer trust and avoid potential legal repercussions. Additionally, the increasing competition and the need to offer competitive pricing while maintaining profitability further complicate the strategic landscape. Companies must navigate these challenges effectively to capitalize on the market's potential and stay ahead of the competition.

What will be the size of the US Telecom Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic US telecom market, next-generation networks are transforming the industry landscape. Network infrastructure is evolving with the integration of network programmability, SDN controllers, and NFV infrastructure. Telecommunications equipment providers are investing in AI-powered network optimization and predictive analytics to enhance network performance. Smart cities are embracing IoT platforms and connected devices, leading to an increase in data privacy concerns. Augmented reality and virtual reality applications are revolutionizing network services, requiring advanced analytics and real-time processing capabilities. Satellite operators and cable TV operators are collaborating to deliver seamless, high-speed connectivity. SD-WAN and mobile edge computing are enabling remote monitoring and industrial IoT applications in various industries. Network slicing is gaining traction as a key differentiator, allowing for customized network solutions for various use cases. Telecom players are focusing on digital transformation, integrating cloud security and cloud native solutions to meet evolving business needs. AI algorithms and edge AI are powering network automation and improving network services, while network services providers are offering advanced analytics and real-time insights to their clients. In the US market, telecom players are leveraging network infrastructure advancements and digital transformation to cater to the demands of businesses and consumers alike. The focus is on delivering secure, reliable, and high-performance network solutions to drive growth and innovation.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userConsumerBusinessTypeWirelessWirelineApplicationResidentialCommercialTechnology5G4G3GSatellite communicationGeographyNorth AmericaUS

By End-user Insights

The consumer segment is estimated to witness significant growth during the forecast period.

The US telecom market is experiencing significant growth, with the consumer segment leading the way in revenue share in 2023. This trend is expected to continue as the widespread use of smartphones drives the demand for telecom services. In fact, over 92% of the US population was an Internet user in 2021, according to the World Bank. The rise of over-the-top (OTT) applications is also encouraging customers to opt for wireless Internet services, which will contribute to the expansion of communication networks. Furthermore, the increasing popularity of online gaming and ultra-high-definition films is anticipated to accelerate the segment's growth. Network security is a critical concern in the telecom industry, with the increasing threat of cyberattacks. Virtualization technologies, such as network function virtualization (NFV) and software-defined networking (SDN), are being adopted to enhance network security and improve network efficiency. Unified communications and VoIP services are also gaining traction, enabling seamless communication between different devices and platforms. Capacity planning and network optimization are essential for ensuring network performance and reliability. Signal processing and network monitoring are crucial components of network optimization, help

As of October 2025, Japan's SoftBank was the world's largest telecommunications company, with a market capitalization of almost 244.21 billion U.S. dollars. Meanwhile, the Beijing-based firm China Mobile followed closely in second place, with a market cap of around 242 billion U.S. dollars. T-Mobile US, AT&T, and Verizon rounded out the top five largest telecommunications companies worldwide. U.S. telecom giants dominate the global market The U.S. telecommunication sector is home to some of the world’s most prominent companies. As of 2025, about half of the top 10 global telecom companies, ranked by market cap, were based in the United States. Among these key players are T-Mobile US, AT&T, and Verizon, boasting market caps of about 241 billion, 179 billion, and 170 billion U.S. dollars, respectively. When it comes to revenue, Verizon held the leading position among other U.S. network operators. Global distribution of top telecommunication companies From a global perspective, the distribution of the world’s largest telecommunication companies across different regions is noteworthy. A handful of Asian telecommunication companies have secured spots among the world’s largest. Specifically, Japan’s SoftBank and China's China Mobile outperformed US companies as of this period's ranking, with NTT and China Telecom filling the ninth and tenth spots. India’s Bharti Airtel isn’t far behind, ranking seventh globally. Meanwhile, the European telecommunication sector was only represented by Deutsche Telekom in the leading 10 telecom companies, which ranks sixth globally with a market cap exceeding 157 billion U.S. dollars.

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

The size of the Telecom Industry in US market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.67% during the forecast period. Recent developments include: September 2022: AT&T unveiled its collaboration with Ford, thereby promising to deliver 5G Connectivity to the heavy-duty 2023 models of Ford. This ensures faster navigation, mapping, and audio downloads with AT&T 5G and enables Ford Power-Up software upgrades to be downloaded easily. This development will help the vehicle get better over time., August 2022: in association with Canva and Meta, T-Mobile launched an offer for small business enterprises to improve their marketing for free with user-friendly, skilled design and advertising resources. Through the end of the year, T-Mobile is providing Canva Pro on Us to ALL qualified small business customers, in addition to USD 200 in free Facebook and Instagram advertising.. Key drivers for this market are: Growth of Mobile Internet Connection, Deployment of 5G network in the United States. Potential restraints include: , Lack of Control over Operations and Cost Visibility. Notable trends are: Deployment of 5G Networks in the United States.

The statistic depicts the market share of mobile wireless telecommunication subscribers by selected service providers in the United States at the end 2008 and 2009. In 2008, AT&T had approximately 28.5 percent of the market share of mobile wireless subscribers.

Market Size statistics on the Wireless Telecommunications Carriers industry in the US

The US Telecom Services Market Report is Segmented by Service Type (Voice Services [Wired, Wireless], Data and Messaging Services [Mobile Data Services, Fixed Data Services], Pay-TV and OTT Services), Transmission (Wired [Fiber Optic, Copper Cable], Wireless [Cellular Networks, and More]), End-User (Consumer, Business [Manufacturing, Energy and Utilities, and More]). The Market Forecasts are Provided in Terms of Value (USD).

The US Telecom market, valued at $443.12 billion in 2025, is experiencing steady growth fueled by 5G, broadband expansion, and IoT. Learn about market trends, key players (AT&T, Verizon, Comcast), and future projections in our comprehensive analysis. Recent developments include: September 2022: AT&T unveiled its collaboration with Ford, thereby promising to deliver 5G Connectivity to the heavy-duty 2023 models of Ford. This ensures faster navigation, mapping, and audio downloads with AT&T 5G and enables Ford Power-Up software upgrades to be downloaded easily. This development will help the vehicle get better over time., August 2022: in association with Canva and Meta, T-Mobile launched an offer for small business enterprises to improve their marketing for free with user-friendly, skilled design and advertising resources. Through the end of the year, T-Mobile is providing Canva Pro on Us to ALL qualified small business customers, in addition to USD 200 in free Facebook and Instagram advertising.. Key drivers for this market are: Growth of Mobile Internet Connection, Deployment of 5G network in the United States. Potential restraints include: Growth of Mobile Internet Connection, Deployment of 5G network in the United States. Notable trends are: Deployment of 5G Networks in the United States.

Forecast: U.S. Cellular Telecom Company Market Share in the US 2024 - 2028 Discover more data with ReportLinker!

A strategic snapshot of the USA telecommunication market, size at USD 400 billion, featuring revenue trends, strategic insights, and comparative analysis of network and digital providers.

This statistic shows the market share held by leading mobile network operators in the United States in 2008. In that year T-Mobile held a market share of **** percent. The leading mobile operator in 2008 was AT&T wireless.

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.

Attributes	Values
Estimated USA Industry Size in 2025	USD 4,50,213.5 million
Projected USA Industry Size in 2035	USD 9,60,785.9 million
Value-based CAGR from 2025 to 2035	7.9%

Semi-Annual Market Update for USA Wireless Telecommunication Services Market

Particular	Value CAGR
H1, 2024	7.3%
H2, 2024	7.6%
H1, 2025	7.7%
H2, 2025	8.0%

An Analysis of USA Wireless Telecommunication Services Market by Segment

Service Type	Market Share (2025)
Data/Internet Services	40.5%
Fixed Voice Services & Messaging	22.3%
Telecom Managed Services	20.7%
Cloud Services	16.5%

Technology	Market Share (2025)
3G	15.4%
4G	54.6%
5G	30.0%

Market Concentration and Competitive Landscape

Vendors	Market Share (2025)
Verizon	27.4%
AT&T	24.1%
T-Mobile	18.7%
Comcast	8.3%
Others	21.5%

The global mobile technology landscape is evolving, with 5G connections set to account for the majority of mobile data subscriptions by the end of the decade. This shift reflects the increasing availability and affordability of 5G services, along with a rising appetite for seamless mobile data transfer. Regional disparities in 5G adoption While 5G technology is spreading globally, adoption rates vary significantly between regions. North America leads the pack with around ** percent of its population covered by 5G networks, followed by East Asia and the Pacific at around ** percent. Sub-Saharan Africa, meanwhile, has lagged far behind, with 5G expansion limited to select urban centers. This underscores a persistent global digital divide, with millions set to be locked out from digital transformation benefits. 5G standalone networks In regions with advanced 5G coverage, the focus has turned to the rollout of standalone 5G networks (5G SA). 5G SA networks are those which do not rely on existing 4G infrastructure, and which therefore offer superior performance. As of the second quarter of 2024, *** mobile network operators worldwide were investing in 5G standalone infrastructure, a ** percent increase on the previous quarter.

The size of the US Wireless Telecom Tower Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.62% during the forecast period. Recent developments include: January 2022 - The announcement of a new 12-year collaboration between T-Mobile US, Inc. and Crown Castle International Corp. would enable T-Mobile to have more access to Crown Castle's towers and small cell sites as the company expands its national 5G network. With the help of the deal, the Un-carrier may serve customers across the United States by further extending and broadening the coverage of the company's 5G network and generating financial synergies after its merger. Additionally, the deal assists Crown Castle in developing long-term income development from small cells and towers., January 2022 - American Tower Corporation announced that it has officially acquired CoreSite Realty Corporation by merging one of its wholly-owned subsidiaries with CoreSite and into it. In facilitating growth and raising the value of current tower real estate through upcoming computing opportunities, this acquisition is anticipated to use CoreSite's networked data center capabilities and cloud on-ramps.. Key drivers for this market are: 5G deployments are a major catalyst for growth in the cell-tower leasing environment. Potential restraints include: Availability of Limited Spectrum. Notable trends are: Adoption of 5G to Drive the Market.