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.

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US Telecom Market Size 2025-2029

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

The Telecom Market in the US is experiencing growth, driven by the surging demand for high-speed broadband services and technological advancements. With the increasing number of remote work and learning arrangements, the need for reliable and fast internet connections has become essential for both individuals and businesses. This trend is further fueled by the proliferation of IoT devices and the rise of 5G technology, which promises faster speeds and lower latency. However, the market is not without challenges. Regulatory compliance continues to be a significant hurdle, with stringent regulations governing network security and privacy. Telecom companies must invest heavily in cybersecurity measures to safeguard their networks and customer data. Additionally, the market is becoming increasingly competitive, with new players entering the market and incumbents expanding their offerings. Companies seeking to capitalize on market opportunities must stay abreast of these trends and challenges, and adapt their strategies accordingly. By focusing on innovation, investing in infrastructure, and prioritizing customer experience, telecom companies can differentiate themselves and thrive in this dynamic market.

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

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The telecommunications industry continues to evolve, driven by the insatiable demand for high-speed data connectivity and advanced communication tools. With the increasing prevalence of smart devices and the digital transformation across various industry verticals, the need for reliable, ultra-fast connectivity is more critical than ever. The market is witnessing significant growth in mobile subscribers, fueled by the expansion of wireless infrastructures and the integration of AI and 5G infrastructures. Telecom services are no longer just about internet access and mobile connectivity; they now encompass value-added managed services, fiber networks, and cloud services. Sectors such as IT & telecom, transportation and logistics, telemedicine technology, e-commerce retail, media & entertainment, and more are leveraging telecommunication to streamline operations and enhance customer experiences. The telecom industry's future lies in delivering ultra-fast data speeds, low latency, and network reliability through various wireless solutions and fiber networks. Subscription plans catering to diverse consumer needs and preferences continue to shape the market landscape.

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 communicationGeographyUS

By End-user Insights

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

The US telecom market experienced significant growth in 2023, with the consumer segment leading the revenue share. The widespread use of smartphones and the increasing popularity of over-the-top (OTT) applications, such as Amazon Video, have driven the demand for high-speed data connectivity. In fact, approximately 92% of the US population was an Internet user in 2021, according to the World Bank. The rise of OTT platforms and the increasing preference for streaming services have led to a in mobile data services and high-speed broadband services. Furthermore, the adoption of cloud-computing technologies, artificial intelligence, and machine learning in various industry verticals, including transportation and logistics, healthcare and pharmaceutical, media and entertainment, and retail and e-commerce, is expected to accelerate the growth of the telecom market. The Federal Communications Commission (FCC) and mobile network operators continue to invest in 5G infrastructure, including open-source platforms and digital media platforms, to provide ultrafast speed and lower latency to consumers and businesses. The telecom industry is also focusing on private LTE networks, on-premise software, and cloud software to cater to the increasing demand for connectivity and digital space.

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The Consumer segment was valued at USD 145.10 billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What

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

MTN Group – one of Africa’s largest telecommunications providers – increased their overall number of subscribers to around 287 million as of the first quarter of 2024. Nigeria, South Africa, Uganda, Ghana, and Ivory Coast are among MTN's major markets, accounting for more than 15 million subscribers each. MTN Group revenue: voice still on top Outgoing voice calls were MTN Group’s largest revenue stream in 2022, generating approximately 4.27 billion U.S. dollars for the company. Data was the close second most lucrative revenue stream, bringing in approximately 4.26 billion U.S. dollars. The Nigerian market accounted for more revenue than any other country, with 4.54 billion U.S. dollars coming from the region. Mobile Money: increasing financial inclusion to Africa While certainly not MTN Group’s largest revenue stream, the one billion U.S. dollars the company generated from fintech is indicative of the role mobile money and MTN's MoMo platform plays in the profit centers of modern telecommunications companies in Africa. Generally provided by a telecommunications company, mobile money enables those without a bank account to participate in the economy, allowing transactions to be made using almost any mobile phone.MTN Group’s offering – MoMo – grew by over six million active subscribers just in the fourth quarter of 2022. The total value of all mobile money transactions in Sub-Saharan Africa doubled from 456.3 billion U.S. dollars in 2019 to over 800 billion by 2022, more than any other region in the world, showing the importance of mobile money to both customers and providers in the region.

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Big Data Market Size 2024-2028

The big data market size is forecast to increase by USD 508.73 billion at a CAGR of 21.46% between 2023 and 2028.

The market is experiencing significant growth due to the growth in data generation from various sources, including IoT platforms and digital transformation services. This data deluge presents opportunities for businesses to leverage advanced analytics tools for applications such as fraud detection and prevention, workforce analytics, and business intelligence. However, the increasing adoption of big data implementation also brings challenges, including the need for data security and privacy measures. Quantum computing and blockchain technology are emerging trends In the big data landscape, offering potential solutions to complex data processing and security issues. In healthcare analytics, data protection regulations are driving the need for secure data management and sharing.
Additionally, supply chain optimization is another area where big data can bring significant value, enabling real-time monitoring and predictive analytics. Overall, the market is poised for continued growth, driven by the need to extract valuable insights from the vast amounts of data being generated.

What will be the Size of the Big Data Market During the Forecast Period?

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The market is experiencing growth as businesses increasingly leverage information from vast datasets to drive strategic decision-making, enhance customer experiences, and improve operational efficiency. The digital revolution has led to an exponential increase in data creation, fueling demand for advanced analytics capabilities, real-time processing, and data protection and privacy solutions. Hardware and software companies offer on-premise and cloud-based systems to accommodate various industry needs, including customer analytics in retail and e-commerce, supply chain analytics in manufacturing, marketing analytics, pricing analytics, spatial analytics, workforce analytics, risk and credit analytics, transportation analytics, healthcare, energy and utilities, and IT and telecom. Big data applications span numerous sectors, enabling organizations to gain valuable insights from their data to optimize operations, mitigate risks, and innovate new products and services.

How is this Big Data Industry segmented and which is the largest segment?

The big data industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Deployment

  On-premises
  Cloud-based
  Hybrid


Type

  Services
  Software


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By Deployment Insights

The on-premises segment is estimated to witness significant growth during the forecast period. On-premises big data software solutions involve the installation of hardware and software by the end-user, granting them complete control over the system. Despite the high upfront costs, on-premises solutions offer advantages such as full ownership and operational efficiency. In contrast, cloud-based solutions require recurring monthly payments and involve data storage on companies' servers, increasing security concerns. Advanced analytics, real-time processing, and integrated analytics are key features driving the market. Data creation from digital transformation, customer experiences, and various industries like retail, healthcare, and finance, fuel the demand for scalable infrastructure and user-friendly interfaces. Technologies such as quantum computing, blockchain, AI-driven analytics platforms, and automation are transforming business intelligence solutions.

Ensuring data protection and privacy, accessibility, and seamless data transactions are crucial in this data-driven era. Key technologies include distributed computing, visualization tools, and social media. Target audiences range from decision-makers to various industries, including transportation, energy, and consumer engagement.

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The On-premises segment was valued at USD 86.53 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in North America is experiencing significant growth due to digital transformation initiatives by enterprises in sectors such as healthcare, retail

The total consumer spending on communication in the United Arab Emirates was forecast to continuously increase between 2024 and 2029 by in total 2.1 billion U.S. dollars (+26.01 percent). After the ninth consecutive increasing year, the communication-related spending is estimated to reach 10 billion U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case communication-related spending, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). The shown data adheres roughly to group 08, with the exception of information processing equipment (computers) which are here still aggregated into recreation. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data is shown in nominal terms which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years the price level has been projected as well. The data has been converted from local currencies to US$ using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.Find more key insights for the total consumer spending on communication in countries like Iran and Lebanon.

The per capita consumer spending on communication in the United Arab Emirates was forecast to continuously increase between 2024 and 2029 by in total 109.9 U.S. dollars (+15.28 percent). After the sixth consecutive increasing year, the communication-related per capita spending is estimated to reach 829.19 U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case communication-related spending per capita, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). The shown data adheres roughly to group 08, with the exception of information processing equipment (computers) which are here still aggregated into recreation. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data is shown in nominal terms which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years the price level has been projected as well. The data has been converted from local currencies to US$ using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.Find more key insights for the per capita consumer spending on communication in countries like Israel and Bahrain.