The Business Research Company’s Wired Telecommunication Carriers Global Market Report 2021: COVID-19 Impact And Recovery To 2030
LONDON, GREATER LONDON, UK, June 15, 2021 /EINPresswire.com/ — According to the new market research report ‘Wired Telecommunication Carriers Global Market Report 2021: COVID-19 Impact And Recovery To 2030’ published by The Business Research Company, the global wired telecommunication carriers market is expected to grow from $912.02 billion in 2020 to $1000.19 billion in 2021 at a compound annual growth rate (CAGR) of 9.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1213.74 billion in 2025 at a CAGR of 5%. The wired telecommunication carriers market growth is aided by stable economic growth forecasted in many developed and developing countries.
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The wired telecommunications carriers market consists of sales of wired telecommunications services and related goods by entities (organizations, sole traders and partnerships) that provide local and long-distance voice calling, sound and video transmission, cable TV and internet services over fixed-line networks. Companies in the wired telecommunications industry may own and maintain networks, share a network or lease a network from other companies.
Trends In The Global Wired Telecommunication Carriers Market
Wired telecommunications companies are offering additional services to their consumers instead of limiting their service offerings to fixed line and DSL internet services. Companies are shifting towards a multi-function system by adding services such as internet broadband and television satellite connection in their offering. Thus, a consumer receiving internet and voice telephony is more likely to subscribe to IPTV, video on demand and pay television services. For example, AT&T acquired DirecTV pay-tv services to increase offerings to their customers.
Global Wired Telecommunication Carriers Market Segments:
The global wired telecommunication carriers market is further segmented based on type, application and geography.
By Type: Broadband Internet Services, Fixed Telephony Services, Direct-To-Home (DTH) Services
By Application: Household, Commercial
By Geography: The global wired telecommunication carriers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global wired telecommunication carrier market, accounting for 36% of the market in 2020.
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Wired Telecommunication Carriers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides wired telecommunication carriers global market overviews, analyzes and forecasts market size and growth for the global wired telecommunication carriers market, wired telecommunication carriers global market share, wired telecommunication carriers global market players, wired telecommunication carriers global market segments and geographies, wired telecommunication carriers global market’s leading competitors’ revenues, profiles and market shares. The wired telecommunication carriers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Wired Telecommunication Carriers Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Wired Telecommunication Carriers Market Organizations Covered: AT&T, Comcast Corporation, China Telecom, BT Group, Verizon Communications.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Interested to know more about The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets. Here is a list of reports from The Business Research Company similar to the Wired Telecommunication Carriers Global Market Report 2021:
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Source: EIN Presswire