Telecommunication Market Size, Share, and Trends 2024 to 2034

The global telecommunication market size is calculated at USD 2.46 trillion in 2025 and is forecasted to reach around USD 4.21 trillion by 2034, accelerating at a CAGR of 6.14% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Trillion/Billion), with 2024 as the base year.

  • Last Updated : February 2025
  • Report Code : 4310
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Telecommunication Market 

5.1. COVID-19 Landscape: Telecommunication Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Telecommunication Market, By Component

8.1. Telecommunication Market, by Component

8.1.1 Hardware

8.1.1.1. Market Revenue and Forecast

8.1.2. Software Platform

8.1.2.1. Market Revenue and Forecast

8.1.3. Services

8.1.3.1. Market Revenue and Forecast

Chapter 9. Global Telecommunication Market, By Enterprise Size

9.1. Telecommunication Market, by Enterprise Size

9.1.1. Small and Medium Enterprises

9.1.1.1. Market Revenue and Forecast

9.1.2. Large Enterprise

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Telecommunication Market, By Industry 

10.1. Telecommunication Market, by Industry

10.1.1. Retail and E-commerce

10.1.1.1. Market Revenue and Forecast

10.1.2. IT & ITES

10.1.2.1. Market Revenue and Forecast

10.1.3. Aerospace

10.1.3.1. Market Revenue and Forecast

10.1.4. Healthcare and Pharmaceutical

10.1.4.1. Market Revenue and Forecast

10.1.5. Media and Entertainment

10.1.5.1. Market Revenue and Forecast

10.1.6. Hospitality

10.1.6.1. Market Revenue and Forecast

10.1.7. Automotive and Manufacturing

10.1.7.1. Market Revenue and Forecast

10.1.8. Transportation and Logistics

10.1.8.1. Market Revenue and Forecast

10.1.9. Others

10.1.9.1. Market Revenue and Forecast

Chapter 11. Global Telecommunication Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Component

11.1.2. Market Revenue and Forecast, by Enterprise Size

11.1.3. Market Revenue and Forecast, by Industry

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Component

11.1.4.2. Market Revenue and Forecast, by Enterprise Size

11.1.4.3. Market Revenue and Forecast, by Industry

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Component

11.1.5.2. Market Revenue and Forecast, by Enterprise Size

11.1.5.3. Market Revenue and Forecast, by Industry

11.2. Europe

11.2.1. Market Revenue and Forecast, by Component

11.2.2. Market Revenue and Forecast, by Enterprise Size

11.2.3. Market Revenue and Forecast, by Industry

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Component

11.2.4.2. Market Revenue and Forecast, by Enterprise Size

11.2.4.3. Market Revenue and Forecast, by Industry

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Component

11.2.5.2. Market Revenue and Forecast, by Enterprise Size

11.2.5.3. Market Revenue and Forecast, by Industry

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Component

11.2.6.2. Market Revenue and Forecast, by Enterprise Size

11.2.6.3. Market Revenue and Forecast, by Industry

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Component

11.2.7.2. Market Revenue and Forecast, by Enterprise Size

11.2.7.3. Market Revenue and Forecast, by Industry

11.3. APAC

11.3.1. Market Revenue and Forecast, by Component

11.3.2. Market Revenue and Forecast, by Enterprise Size

11.3.3. Market Revenue and Forecast, by Industry

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Component

11.3.4.2. Market Revenue and Forecast, by Enterprise Size

11.3.4.3. Market Revenue and Forecast, by Industry

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Component

11.3.5.2. Market Revenue and Forecast, by Enterprise Size

11.3.5.3. Market Revenue and Forecast, by Industry

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Component

11.3.6.2. Market Revenue and Forecast, by Enterprise Size

11.3.6.3. Market Revenue and Forecast, by Industry

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Component

11.3.7.2. Market Revenue and Forecast, by Enterprise Size

11.3.7.3. Market Revenue and Forecast, by Industry

11.4. MEA

11.4.1. Market Revenue and Forecast, by Component

11.4.2. Market Revenue and Forecast, by Enterprise Size

11.4.3. Market Revenue and Forecast, by Industry

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Component

11.4.4.2. Market Revenue and Forecast, by Enterprise Size

11.4.4.3. Market Revenue and Forecast, by Industry

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Component

11.4.5.2. Market Revenue and Forecast, by Enterprise Size

11.4.5.3. Market Revenue and Forecast, by Industry

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Component

11.4.6.2. Market Revenue and Forecast, by Enterprise Size

11.4.6.3. Market Revenue and Forecast, by Industry

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Component

11.4.7.2. Market Revenue and Forecast, by Enterprise Size

11.4.7.3. Market Revenue and Forecast, by Industry

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Component

11.5.2. Market Revenue and Forecast, by Enterprise Size

11.5.3. Market Revenue and Forecast, by Industry

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Component

11.5.4.2. Market Revenue and Forecast, by Enterprise Size

11.5.4.3. Market Revenue and Forecast, by Industry

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Component

11.5.5.2. Market Revenue and Forecast, by Enterprise Size

11.5.5.3. Market Revenue and Forecast, by Industry

Chapter 12. Company Profiles

12.1. AT&T Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. SoftBank Group Corp.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Nippon Telegraph and Telephone Corporation (NTT)

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Verizon Communications Inc

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Orange SA

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Deutsche Telekom AG

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. China Mobile Ltd.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Vodafone Group

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. China Telecom Corp Ltd.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Telefonica SA

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global telecommunication market size is expected to increase USD 4.21 trillion by 2034 from USD 2.32 trillion in 2024.

The global telecommunication market will register growth rate of 6.14% between 2025 and 2034

The major players operating in the telecommunication market are AT&T Inc., SoftBank Group Corp., Nippon Telegraph and Telephone Corporation (NTT), Verizon Communications Inc., Orange SA, Deutsche Telekom AG, China Mobile Ltd., Vodafone Group, China Telecom Corp Ltd., Telefonica SA, Reliance Jio Infocomm Limited, KT Corporation, KDDI Corporation, Bharati Airtel Limited, Comcast Corporation, BT Group plc, and Others.

The driving factors of the telecommunication market are the rising trend of online shopping and growing adoption of Internet of Things.

Asia Pacific region will lead the global telecommunication market during the forecast period 2025 to 2034.

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