Telecommunication market - additional information
The global revenue made from telecom services is expected to reach almost 1.2 trillion Euros in 2019. With an estimated value of 372 billion Euros in 2016, the fastest-growing telecommunications services market is the Asia-Pacific region, followed by North America and Europe. The telecommunications market size has increased in the past two decades, due to cheaper and innovative technologies, such as the Internet, which in turn created high demand and unprecedented access to communication channels. The market has also benefited from increasingly skilled personnel and extensive investment in the development of new technologies.
The telecommunication services market is made up of two main services: wireline and wireless. Wireline services include, among others, fixed voice telephony and fixed broadband access services. The wireless telecom segment includes mobile voice services and mobile broadband access. These services are offered by telecom service providers, whose main source of income on the telecom market is represented by subscription and other usage fees applied to individual users. The largest telecom operators in the world are currently two American multinational corporations: AT&T, headquartered in Dallas, Texas and Verizon Communications, based in New York. As of 2014, they each reported over 95 billion Euros in telecom revenue. Other strong players include China Mobile (China), Deutsche Telekom (Germany) and Orange (France).