Telecommunications Services Market Segments, Opportunity, Growth and Forecast by End-use Industry 2014 - 2020
The telecommunications services industry is one of the fastest growing industries in the business world. Telecommunications services are offered by telecommunications service providers for the purpose of sending and receiving messages through electronic devices. Services include phone internet access, email, text, television, radio and fax. Telecommunications services have a robust global market presence, with the mobile services segment comprising a large chunk.
The telecommunications services industry is one of the fastest growing industries in the business world. Telecommunications services are offered by telecommunications service providers for the purpose of sending and receiving messages through electronic devices. Services include phone internet access, email, text, television, radio and fax. Telecommunications services have a robust global market presence, with the mobile services segment comprising a large chunk.
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<strong>Telecommunications</strong><br />
<strong>Services</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong> <strong>Forecast</strong>,<br />
<strong>2014</strong><br />
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Report Description<br />
The telecommunications services industry is one of the fastest growing industries in the<br />
business world. <strong>Telecommunications</strong> services are offered <strong>by</strong> telecommunications service<br />
providers for the purpose of sending <strong>and</strong> receiving messages through electronic devices.<br />
<strong>Services</strong> include phone internet access, email, text, television, radio <strong>and</strong> fax.<br />
<strong>Telecommunications</strong> services have a robust global market presence, with the mobile<br />
services segment comprising a large chunk. <strong>Telecommunications</strong> services have proved<br />
very beneficial for businesses as they facilitate effective communication with their<br />
customers <strong>and</strong> help establish a healthy relationship with them. <strong>Telecommunications</strong><br />
services are also beneficial for the employees as they enable easy transmission of data<br />
<strong>and</strong> provide efficiency <strong>and</strong> flexibility. The smartphone, a key application of the rapidly<br />
growing mobile telecommunication, includes an extensive range of applications <strong>and</strong><br />
functions. The various types of mobile services are the internet, networking for home,<br />
networking for business, phone, television, etc., of which the phone <strong>and</strong> internet are the<br />
fastest growing services. Some disadvantages associated with the telecommunications<br />
services market are security issues <strong>and</strong> equipment expenses among others.<br />
Factors enhancing the growth of telecommunications services are modern <strong>and</strong> advanced<br />
technology, market competition, investment in new telecommunication technologies like<br />
wireless communication <strong>and</strong> satellite, innovative services like e-education <strong>and</strong> e-<br />
agriculture, high-skilled technical manpower, affordability of services, dem<strong>and</strong> for high<br />
speed internet, data processing, etc. However, some factors stymying the<br />
telecommunications services market growth are high cost of value-added services,<br />
maintaining security traits <strong>and</strong> non-awareness among consumers.
Report Description<br />
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The telecommunications services market can be segmented into value-added services<br />
<strong>and</strong> basic communication services. Value-added services include electronic data<br />
interchange e-mail, data processing, voicemail, online database storage while basic<br />
telecommunication services include circuit-switched data transmission, facsimile services,<br />
voice telephone services, telegraph services, packet-switched data transmission, telex<br />
services <strong>and</strong> others.<br />
<strong>Telecommunications</strong> services have a growing market in Europe, North America, Latin<br />
America <strong>and</strong> the Asia-Pacific region. Internet <strong>and</strong> mobile phone services are the fastest<br />
growing telecommunications services with a strong market presence in Europe <strong>and</strong><br />
America.<br />
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A few key players in the telecommunications services are IBM, Cisco, Alcatel-Lucent,<br />
Deutsche Telekom, Juniper Networks, Tata, Nokia <strong>and</strong> Vodafone. <strong>Services</strong> provided <strong>by</strong><br />
these companies are storage area networks, entry-level servers, storage products,<br />
enterprise networking services, storage networking services, services for application<br />
networking services, 3G services, b<strong>and</strong>widths, broadb<strong>and</strong> networks, calling cards, CDMA<br />
services, dial-up internet enterprise data services, mobiles <strong>and</strong> many more. Among<br />
them, 3G services, data processing, broadb<strong>and</strong> networking <strong>and</strong> the internet services are<br />
rapidly growing in the market.
Report Description<br />
It has been observed that the number of internet <strong>use</strong>rs across the globe is increasing<br />
exponentially day <strong>by</strong> day, <strong>and</strong> thus the market for internet-based services is at its peak,<br />
with Europe being the leading marketplace for internet-based services.<br />
Key strategies of these players are high quality <strong>and</strong> high st<strong>and</strong>ard services, innovative<br />
services, like ultra-broadb<strong>and</strong> <strong>by</strong> Alcatel-Lucent, advanced telecom technologies, creative<br />
thinking <strong>and</strong> many others. They also <strong>use</strong> business expansion strategies like mergers &<br />
acquisitions, for instance, TATA acquired BT Group’s Mosaic business, AT&T Corp. <strong>and</strong> SBC<br />
merged <strong>and</strong> named it AT&T Inc., <strong>and</strong> the merger of MCI <strong>and</strong> Verizon.<br />
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