Telecommunication Market Size

Telecommunication Market size was over USD 2.26 trillion in 2024 and is poised to exceed USD 4.76 trillion by 2037, witnessing over 5.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of telecommunication is evaluated at USD 2.37 trillion.

The telecommunication market is driven by rising spending on the development of 5G-based technologies by communication service providers (CSPs). Customers' shifting preferences for smartphone devices have triggered a new phase of growth in end-to-end 5G, edge cloud infrastructure, and private networks. As per the Cellular Telephone Industries Association (CITA), wireless providers in the U.S. invested USD 39.0 billion in 2022, which is a record high spending on 5G since 2018.