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.

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).

BT commanded ** percent of the United Kingdom fixed broadband market when measured by subscribers in 2024, the largest market share of any internet service provider (ISP). Sky and Virgin Media were BT's closest rivals, each commanding ********* of the market.

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 global telecommunication market size was worth more than USD 2.26 trillion in 2024 and is poised to witness a CAGR of more than 6.1%, crossing USD 4.88 trillion revenue by 2037. Mobile Data Services segment is expected to hold 35% share by 2037, influenced by increasing use of cellphones and the demand for high-speed broadband services.

As of May 2025, MTN was Nigeria's largest mobile telecoms operator, with roughly ***** percent of the market share. Airtel and Globacom followed directly, holding about **** percent and ** percent of the share, respectively. The Central Bank of Nigeria recently licensed mobile providers to operate mobile payments. Mobile money allows you to receive, store, and spend money using a mobile phone. This service can be provided by banks, mobile money operators (MNOs), telecom companies, payment service providers, or similar. The service allows people to transfer money in absence of banks and ATMs. Indeed, the banked population in Africa is among the lowest in the world. Mostly for rural areas, this represents a significant financial inclusion.

The Telecom Services Market Report is Segmented by Service Type (Voice Services [Wired and Wireless], Data and Messaging Services [Mobile Data Services and Fixed Data Services], and Pay TV Services and Over-The-Top [OTT] Services), Transmission (Wired and Wireless), End-User (Consumer and Business [Manufacturing, Energy and Utilities, Transportation and Logistics, Public Sector, and More]), and Geography.

The Germany 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 GCC 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.

The global Telecommunications Services market is poised for significant growth, expanding from 2,202.7 Billion in 2025 to 4,096.0 Billion by 2035. The market grows at a CAGR 6.4% from the period 2025 to 2035.

Attributes	Description
Historical Size, 2024	USD 2,070.2 billion
Estimated Size, 2025	USD 2,202.7 billion
Projected Size, 2035	USD 4,096.0 billion
Value-based CAGR (2025 to 2035)	6.4% CAGR

Category-wise Insights

Segment	E-Commerce (End User)
CAGR (2025 to 2035)	7.8%

Segment	BFSI (End User)
Value Share (2025)	22.3%

Semi-Annual Market Update

Particular	Value CAGR
H1	5.8% (2024 to 2034)
H2	6.5% (2024 to 2034)
H1	5.6% (2025 to 2035)
H2	6.8% (2025 to 2035)

Country-wise Insights

Countries	CAGR from 2025 to 2035
India	8.2%
China	7.1%
Germany	4.6%
South Korea	5.1%
United States	5.6%

In 2022, Viettel held a market share of approximately **** percent among all terrestrial mobile-cellular service providers in Vietnam, making it the country’s leading provider of this service. Accounting for around ** percent of the market share, Vietnam Posts and Telecommunications Group (VNPT) followed as the second-largest provider. In total, the two state-owned corporations made up approximately ** percent of the market share in this segment. Mobile internet usage in Vietnam Vietnam has one of the highest smartphone penetration rates in the world. Due to their undeniable convenience, smartphones have become an indispensable part of the daily lives of Vietnamese people. These devices serve various purposes, from connecting people to work, study, and entertainment purposes, including watching movies, live streaming, or playing online games. Hence, the number of mobile internet users in the country has been steadily increasing since 2019. By 2028, the number of mobile internet users in Vietnam is expected to reach over ** million, with 100 percent internet coverage throughout the country. The future of the internet landscape in Vietnam Although there is still room for improvement in Vietnam’s internet infrastructure, the country’s government has been making substantial efforts to enhance internet quality and drive digitalization. Specifically, the 2030 National Digital Transformation Program focuses on three pillars: Digital Government, Digital Economy, and Digital Society, in which the strategy of "moving to the cloud" is considered crucial in enabling businesses to thrive in the digital economy. Being one of the largest state-owned firms, Viettel has played a significant role in Vietnam’s technology sector, offering telecommunication and information technology services, manufacturing electronic and telecommunications equipment, and providing cybersecurity and digital services. In 2023, Viettel ranked first among the ten most valuable brands of Vietnam, with a brand value of approximately *** billion U.S. dollars.

As of 2023, telecommunication operators Elisa and Telia held nearly equal market shares of ** and ** percent in Finland. The third nationwide telecommunication operator DNA had a share of ** percent, while other companies accounted for ** percent of the telecommunications market. Since 2017, Telia Finland (previously TeliaSonera Finland Oyj) is a part of the Telia Company. The majority of the telecommunications industry revenue in Finland comes from mobile network operations.

As of June 2024, T-Mobile had the largest market share in Czechia, with **** percent. O2 placed second with a share of **** percent, followed by Vodafone with **** percent.

The AI in Telecommunication Market is projected to grow from USD 2.5 billion in 2024 to USD 20.8 billion by 2034, registering a CAGR of 24.3%.

The global telecom services market size was valued at USD 1927.07 billion in 2023. It is expected to reach USD 2890.84 billion by 2032, growing at a CAGR of 5.2% during the forecast period (2024–2032).
Report Scope:

Report Metric	Details
Market Size in 2023	USD 1927.07 Billion
Market Size in 2024	USD 2027.28 Billion
Market Size in 2032	USD 2890.84 Billion
CAGR	5.2% (2024-2032)
Base Year for Estimation	2023
Historical Data	2020-2022
Forecast Period	2024-2032
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered	By Service,By Offering,By Transmission,By Enterprise Size,By End-User,By Region.
Geographies Covered	North America, Europe, APAC, Middle East and Africa, LATAM,
Countries Covered	U.S., Canada, U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia,

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

In the fourth quarter of 2023, the Spanish multinational telecoms company Telefónica, operating in Spain through its branch Movistar, accounted for over ** percent of total retail telecoms services revenue in the European country. Orange followed, with a market share of **** percent.

Private telecom connections accounted for more than ***percent of the Indian telecom market in financial year 2025. The private sector has been consistently dominant in the country's telecommunications industry with increasing subscriptions. The country had more than *** billion telecom connections that year, and most were wireless connections.

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