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(Wireless-NewsWire.Com, March 10, 2018 ) 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. Telecommunications services have proved very beneficial for businesses as they facilitate effective communication with their customers and help establish a healthy relationship with them.
Telecommunications services are also beneficial for the employees as they enable easy transmission of data and provide efficiency and flexibility. The smartphone, a key application of the rapidly growing mobile telecommunication, includes an extensive range of applications and functions. The various types of mobile services are the internet, networking for home, networking for business, phone, television, etc., of which the phone and internet are the fastest growing services. Some disadvantages associated with the telecommunications services market are security issues and equipment expenses among others.
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Factors enhancing the growth of telecommunications services are modern and advanced technology, market competition, investment in new telecommunication technologies like wireless communication and satellite, innovative services like e-education and e-agriculture, high-skilled technical manpower, affordability of services, demand for high speed internet, data processing, etc. However, some factors stymying the telecommunications services market growth are high cost of value-added services, maintaining security traits and non-awareness among consumers.
The telecommunications services market can be segmented into value-added services and basic communication services. Value-added services include electronic data interchange e-mail, data processing, voicemail, online database storage while basic telecommunication services include circuit-switched data transmission, facsimile services, voice telephone services, telegraph services, packet-switched data transmission, telex services and others.
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Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global telecommunication services market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global telecommunication services market
- Leading company profiles reveal details of key telecommunication services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the global telecommunication services market with five year forecasts by both value and volume
Reasons to buy
- What was the size of the global telecommunication services market by value in 2017?
- What will be the size of the global telecommunication services market in 2023?
- What factors are affecting the strength of competition in the global telecommunication services market?
- How has the market performed over the last five years?
- Who are the top competitors in the global telecommunication services market?
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