Major players in the cellular or mobile telephone services market are AT&T Inc., Verizon, Deutsche Telekom, Vodafone, China Mobile Limited, Nippon Telegraph and Telephone Corporation, SoftBank Corp, IBM, Cisco, Alcatel-Lucent, Juniper Networks, Tata, Nokia, Alibaba Group Holdings Limited, Gemalto N.V., Google Inc. and KongZhong Corporation.
The global cellular/mobile telephone services market will grow from $213.15 billion in 2022 to $226.12 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The cellular/mobile telephone services market is expected to grow to $281.03 billion in 2027 at a CAGR of 5.6%.
The cellular/mobile telephone services market includes revenues earned by providing cellular/mobile telephone services by entities that provide radio communication between mobile and land stations, or between mobile stations, which can be classified into three groups: voice, SMS and MMS.The market value includes the value of related goods sold by the service provider or included within the service offering.
Only goods and services traded between entities or sold to end consumers are included.
The cellular/mobile telephone service refers to transmitting voice or non-voice messages over licensee’s network in real-time only.
Asia Pacific was the largest region in the cellular or mobile telephone services market in 2022.North America was the second largest region of the cellular or mobile telephone services market.
The regions covered in the cellular or mobile telephone services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of cellular or mobile telephone services are basic communication and value-added.A basic communication services is retail telecommunications service that has a voice grade or equivalent transmission parameters and tone-dialing capability and provides with local exchange calling.
The services provided includes 3G services, 4G services and 5G services and are used in manufacturing, energy and utilities, media and entertainment, IT and telecom, transportation and logistics and healthcare.
An increasing number of mobile subscribers is predicted to contribute to the growth of the cellular or mobile telephone services market over the forecast period. According to the Cisco Annual Internet Report, the number of mobile subscribers across the globe is expected to increase to 5.7 billion (71% of the population) by 2023. According to data released by the Telecom Regulatory Authority of India (TRAI) in October 2020, Reliance Jio became the first mobile service provider to cross the 40 crore customers in India with the addition of over 35 lakh subscribers in July 2020. Therefore, growing mobile phone subscribers are projected to increase the overall demand for cellular or mobile telephone services globally.
During the forecast period, the high cost associated with value-added services is expected to limit the growth of the cellular or mobile telephone services market.For smartphone users keen on heavy streaming, mobile data does not always come cheap.
The cost of a gigabyte of mobile data differs hugely between countries. For instance, UK-based price distinction website cable.co.uk released an analysis of 5 most expensive countries with average cost of 1GB of mobile data in 2022 that included Saint Helena at $41.06, the Falkland Islands at $38.45, São Tomé and Príncipe at $29.49, Tokelau at $17.88 and Yemen at $16.58 respectively. The mobile value-added services are some additional services offered to the customer by telecommunication operators at an additional charge, which are generally high and not affordable by common people subsequently affecting the revenues of cellular or mobile telephone services.
The launch of the Fifth Generation (5G) networks is gaining popularity in the cellular or mobile telephone services market.The current fifth generation of mobile networks (5G) is a stimulant for the new industrial revolution because it offers much greater speed and bandwidth than previous networks along with low time for data travel or low latency.
For instance, in February 2020, ETSI launched a new group for the fifth generation of Fixed Network (ETSI ISG F5G).The latest invention in cellular technology is Fifth-Generation (5G) networks, engineered to boost the speed of wireless networks.
Using Fifth-Generation 5G networks, data is transmitted at the speed of 20 Gbps or more over wireless broadband connections exceeding speeds of other networks. 5G networks also provide a latency of 1 ms or lesser for uses that require real-time feedback.
In January 2020, Samsung Group, a South Korea-based electronics company that sells mobile devices announced the acquisition of TeleWorld Solutions, Inc. for an undisclosed amount. With the acquisition of TeleWorld Solutions, Inc., Samsung is aiming to address end-to-end network support needs and accelerate 5G rollouts in the USA. TeleWorld Solutions, Inc. is a Virginia-based telecommunications provider of wireless networking and consulting services.
The countries covered in the cellular or mobile telephone services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The cellular or mobile telephone services market research report is one of a series of new reports that provides cellular or mobile telephone services market statistics, including cellular or mobile telephone services industry global market size, regional shares, competitors with a cellular or mobile telephone services market share, detailed cellular or mobile telephone services market segments, market trends and opportunities, and any further data you may need to thrive in the cellular or mobile telephone services industry. This cellular or mobile telephone services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.