Telecommunication Market Size

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Report ID: 6258
Published Date: May 10, 2025
Report Format: PDF, PPT

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Telecommunication Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037

Telecommunication Market in 2025 is assessed at USD 2.37 trillion. The global Market size was worth more than USD 2.26 trillion in 2024 and is poised to witness a CAGR of more than 6.1%, crossing USD 4.88 trillion revenue by 2037. Asia Pacific is anticipated to garner USD 1.61 trillion by 2037, owing to widespread use of smartphones, investments in 5G technology, and e-commerce and merchant buy-in platforms.

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.

Browse key industry insights with market data tables & charts from the report:

Telecommunication Market size to hit $4.88 trillion by 2037 | 6.1% CAGR Forecast

Frequently Asked Questions (FAQ)

Telecommunication Market in 2025 is assessed at USD 2.37 trillion.

The global market size was worth more than USD 2.26 trillion in 2024 and is poised to witness a CAGR of more than 6.1%, crossing USD 4.88 trillion revenue by 2037.

Asia Pacific is anticipated to garner USD 1.61 trillion by 2037, owing to widespread use of smartphones, investments in 5G technology, and e-commerce and merchant buy-in platforms.

The major players in the market include AT&T Intellectual Property, China Telecom Corporation Limited, Telefonica S.A., Vodafone Group Plc., KT Corp., Airtel India, Reliance Jio Infocomm Ltd., Deutsche Telekom AG, Verizon.