Global telecom service market is expected to witness tremendous growth owing to increasing data service market segment and rising disposable income. Bundled services are anticipated to be key market driver over the forecast period. Advanced technology such as LTE and 4G along with smart phone demand is anticipated to propel market growth over the next seven years. Increasing focus on rural penetration is expected to boost the revenue of market players. New government regulation such as infrastructure sharing and nationwide mobile number portability will provide positive avenue to overall market demand.
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Increasing preference for services such as Over The Top (OTT) and data is expected to drive the telecom services market over the forecast period. Strategic alliances across value chain such alliance between handset manufacturer and telecom service provider may benefit the market player operating in intense competitive environment. . Increasing popularity of Mobile Value Added Service (MVAS) and media/entertainment, Mobile to Mobile (M2M) and cloud computing may propel telecom service market over the next seven years.
Decreasing Average Revenue Per User (ARPU) and lack of efficient infrastructure may pose as a challenge to market growth. High competition may hinder market growth as it may bring down the profit margin.
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The global telecom services market can be segmented based product type as fixed and mobile telecom services. Fixed telecom service segment may witness decline owing to expanding mobile service market and technological development. Mobile service market segment include product such as wireless internet service, mobile voice service, MVAS etc. Market players are using video compression technology and existing infrastructure to provide various service such as Voice Over Internet Protocol (VOIP). Asia Pacific is anticipated to be major telecom service regional market over the next seven years. North Korea is anticipated to roll out 5G services by 2017.
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Key market players operating in the telecom service market include Axiata, China Mobile, Airtel, Vodafone, AT&T Mobility, Bridge Alliance & Singtel, Idea Cellular, Telenor, China Telecom, VimpelCom, T-Mobile, America Movil, Orange etc. Market player may make huge investment in its infrastructure such OSS/BSS solution to gain competitive edge in the market.
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