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 market is valued at almost $3 trillion in 2017 due to the IoT technology adoption by manufacturing and transportation services companies driving the software and BPO services market. IoT is a network of physical objects such as devices, vehicles, buildings and other items which are embedded with electronics, software, sensors and network connectivity enable these objects to collect and exchange data.
The market in the report is segmented into: wired telecommunication carriers, wireless telecommunication carriers, communications equipment, and satellite and telecommunication resellers.
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China was the largest country in the telecom market in 2017, accounting for more than one-fourth of the market share. China is followed by the USA and Japan.
The top five competitors in the market are: AT&T Inc., followed by Apple, Verizon Communications Inc., China Mobile Ltd., and Samsung. AT&T Inc. is the world’s largest telecommunications company. It provides telecom services and products including wired communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecom equipment, managed networking, and wholesale services.
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