The Global Wired Telecommunication Carriers Market is expected to grow at a significant CAGR during the forecast period (2024-2031). Wired telecommunications services relate to goods by entities that provide local and long-distance voice calling, sound, and video transmission, cable TV, and internet services over fixed-line networks. These goods make up the wired telecommunications carriers market. In the wired telecommunications sector, corporations may own and manage networks, share networks, or lease networks from other businesses.
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The growth of the wired telecommunication carriers market is driven by the projected economic growth in many developed and developing countries. According to the International Monetary Fund (IMF), global GDP increased by 3.4 % in 2021. Commodity prices are projected to recover following a large drop in recent time, which will help the market grow even more. Developed economies are estimated to grow at a steady pace during the forecast period. Furthermore, during the forecast period, developing markets are predicted to grow at a rather quicker rate than established countries. Investments in end-user markets are likely to rise as the economy remains stable. As a result, these factors will drive the market growth for wired telecommunication carriers during the forecast period.
Instead of restricting their service offers to fixed-line and DSL internet services, wired telecommunications providers are also offering other services to their customers. Companies are moving toward a multi-function system by including services like internet broadband and satellite television in their offerings. As a result, consumers who have access to the internet and voice telephony are more likely to sign up for IPTV, video on demand, and pay television services. For example, AT&T acquired DirecTV pay-tv services to broaden its offers to customers. Similarly, Verizon acquired XO Communications in 2017, increasing its Ethernet capacity for corporate and wholesale clients.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape: AT&T, Comcast Corporation, China Telecom, BT Group, and Verizon Communications among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Wired Telecommunication Carriers Market Report
By Type
- Broadband Internet Services
- Fixed Telephony Services
- Direct-To-Home (DTH) Services
By Application
- Household
- Commercial
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