Wired telecom services companies should consider offering IPTV and video on demand services along with fixed line services to increase their overall revenues. 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.
THE BUSINESS RESEARCH COMPANY EXPECTS THE WIRED TELECOMMUNICATION CARRIERS MARKET TO GROW TO $318 BIILLION BY 2021
Western Europe was the largest region in the wired telecommunication carriers market in 2017, accounting to nearly half of the market share.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, companies in the wired telecommunications industry are working towards refining their services by improving broadband networks and bandwidth time and upgrading from copper wires to fibre optics. They are focused on promoting high-speed broadband to deal with the competitiveness in the market. Wired telecom carriers should explore opportunities to acquire companies offering broadband internet, IPTV, video on demand and pay-tv to widen their service offerings.
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AT&T was the largest player in wired telecommunication carriers market, with revenues of $52 billion in 2016, accounting for nearly one-fifth of the market. AT&T’s growth strategy aims at making their services accessible across multiple channels and to leverage different architectures such as the Web, MEAP, and native and support the various device platforms including iOS, Android, Windows, and BlackBerry OS.
Wired telecommunications carriers 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.
Wired Telecommunication Carriers Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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