Revenue in the Communication Services market is projected to reach US$333.30bn in 2023.
The market's largest segment is Mobile Data with a projected market volume of US$137.80bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 1.37%, resulting in a market volume of US$351.90bn by 2027.
In global comparison, most revenue will be generated in the United States (US$333.30bn in 2023).
The Communication Services market reflects revenues paid by end consumers and enterprises for carrier services directly to telecommunications providers, excluding VAT. These consist of revenues from fixed and mobile services for data transmission and voice. Other revenues such as revenues from leased lines between telecommunication providers or hardware such as telephones, modems, and smartphones are excluded.
Company examples: AT&T, China Telecom, Deutsche Telekom, Vodafone Group.
Fixed data and fixed voice services
Mobile data and mobile voice services
Consumer as well as enterprise spending
Leased lines between telecommunications providers
Hardware such as telephones, modems, and smartphones