The telecom industry is a part of the information and communication technology industry. The industry is primarily engaged in operating and providing access to facilities for the transmission of voice, data, text and video.
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The global telecom industry has shown modest growth in the past years with a CAGR of over 3%. The year 2017 recorded highest ever growth in this market with a net value of around $2 trillion as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the telecom industry to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Governments around the world are investing in the creation of smart cities. The European Union is actively promoting smart city initiatives, with funds for research and sustainability targets for member states. The concept of smart cities is rising in developing nations too. In China and India alone almost 300 smart city pilots are currently planned. This requires state-of-the-art telecom. This will act as a major driver of the growth of the telecom hardware manufacturing industry going forward.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
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Companies included in the report are AT&T, Apple, Verizon Communications Inc., China Mobile Ltd., and Samsung.
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