Telecommunication refers to communication at distant places using technological means such as mobile phones, satellite communication devices and others. Over the period of time, telecommunication industry has evolved from traditional wired telephones to advanced services such as the internet, wireless communications, optical fibers and satellite communications. Additionally, due to low cost service offered by the service providers and inexpensive communication devices, subscribers for various wireless as well as fixed point communications have increased substantially in the past few years. Moreover, telecommunication industry is witnessing rapid technological developments due to advanced consumer electronic devices such as smartphone, laptops and tablets.

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Today, telecommunication technologies are used for various purposes such as point-to-point communication, entertainment, delivery and access to internet enabled services, critical communication, news and infotainment and others. Telecommunication using devices such as mobile phones, laptops and other handheld devices is attained via both terrestrial as well as satellite communication networks.

Telecommunication market can be broadly segmented as internet service providers (ISP), telephones, satellites and cable communication. Internet service providers are the organizations that provide service to access the internet. ISPs comprise various types such as access, hosting, mailbox, virtual, transit and free ISPs. Further, telephones can be classified as fixed telephones and mobile phones. Fixed telephones include landlines, cordless phones, intercom systems and others. Mobile phones, also called as cell phones, include use of wireless phones that can make phone calls using cellular network over radio link.

Further, satellite communication is based on artificial satellites that provide link between the satellite and various points on the earth called as earth stations. Satellite communication can be divided based on its application such as mobile communication, military communication, digital cinema, radio services, internet, global positioning systems (GPS) and others. Cable communication makes use of cables such as optical cables and traditional copper cables for communication. The internet infrastructure is heavily dependent on cables to provide internet access to the subscribers. Furthermore, it is also used in fixed landlines, television broadcasting and other communications services.

Demand for advanced and high speed internet service is a major factor driving the growth of ISP market across the world. Additionally, features such as video on-demand, online gaming and others are expected to fuel ISP market in the near future. Moreover, introduction of services such as cloud computing is further expected to boost the internet service market. Further, increasing number of subscribers for wireless communication in recent years is the most important factor driving the growth of cellular networks. In addition to this, development of advanced cellular networks such as third generation (3G), and fourth generation (4G), long-term evolution (LTE) technologies is fueling the cellular networks market growth.

Additionally, growing usage of intercom (landline) systems with voice over internet protocol (VoIP) in organizations is expected to drive the landline phones market in near future. Furthermore, with rising dependence over satellite communication due to its better connectivity and global coverage, the satellite communication market is expected to boom in near future. Satellites cover up to over 90% of the world and are highly efficient in providing mobile communication, digital television, radio and other services.

Some of the key companies in telecommunication market include AT&T Inc., Verizon Communications Inc., Comcast Corporation, Time Warner Cable Inc., CenturyLink Inc., DirecTV Group, Sprint Corporation, T-Mobile US Inc. and others.