GITNUX REPORT 2024

Global Telecommunications Industry Statistics: Explosive Growth and Lucrative Projections Ahead

Discover the booming telecommunications industry: 5G, IoT, data usage, market values, and global connectivity trends.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

Over 3 billion people worldwide have access to the internet.

Statistic 2

Over 50% of the world's population are mobile phone users.

Statistic 3

The worldwide IT and telecom services market size is estimated to be $1.5 trillion by 2026.

Statistic 4

The global telecommunications market is projected to reach a value of $2.4 trillion by 2020.

Statistic 5

5G technology adoption is expected to reach 1.9 billion connections by 2021.

Statistic 6

By 2025, there will be an estimated 111.8 million 5G connections in North America.

Statistic 7

The global telecom services market revenue is forecasted to reach $1.5 trillion by 2020.

Statistic 8

Total telecom investments in infrastructure are projected to reach $426 billion in 2021.

Statistic 9

The number of global IoT connections is expected to reach 25 billion by 2025.

Statistic 10

Mobile data traffic is expected to grow at a CAGR of 38% between 2020-2025.

Statistic 11

Over 80% of global internet traffic will be video content by 2022.

Statistic 12

The global VoIP market size is expected to reach $55 billion by 2025.

Statistic 13

Fixed broadband subscriptions are projected to reach 1 billion globally by 2024.

Statistic 14

Mobile health (mHealth) market revenue is forecasted to reach $90 billion by 2026.

Statistic 15

The number of 5G connections worldwide is expected to surpass 1 billion by 2023.

Statistic 16

Mobile apps revenue is expected to reach $935 billion in 2023.

Statistic 17

The global SaaS telecom market is projected to reach $17.7 billion by 2025.

Statistic 18

The Asia-Pacific region is expected to lead in the deployment of 5G networks, with an estimated 1.14 billion connections by 2025.

Statistic 19

Mobile subscriptions are expected to reach 7.7 billion by 2025.

Statistic 20

The global telecom services market is projected to grow at a CAGR of 5.0% from 2020 to 2025.

Statistic 21

The number of fixed broadband subscribers is forecasted to reach 1.2 billion by 2023.

Statistic 22

The global telecom expense management market size is estimated to surpass $5.5 billion by 2026.

Statistic 23

The average revenue per user (ARPU) for mobile services is expected to decline by 1.8% annually from 2020 to 2025.

Statistic 24

The number of smart home connections is anticipated to reach 1.1 billion by 2025.

Statistic 25

The global telecom towers market size is projected to exceed $60 billion by 2026.

Statistic 26

The telecom cloud market revenue is expected to reach $44.5 billion by 2025.

Statistic 27

The number of IoT devices is forecasted to grow to 30.9 billion by 2025.

Statistic 28

The U.S. telecom industry capital expenditures are expected to reach $172 billion by 2022.

Statistic 29

Global telecom analytics market size is projected to reach $7.5 billion by 2026.

Statistic 30

By 2025, there will be 2.8 billion cellular IoT connections.

Statistic 31

Mobile roaming revenues are expected to decline by 34% between 2019 and 2020.

Statistic 32

The global SD-WAN market is expected to reach $6.4 billion by 2025.

Statistic 33

The number of connected wearable devices is projected to reach 1.1 billion by 2022.

Statistic 34

The global telecommunications equipment market is estimated to be worth $383 billion by 2026.

Statistic 35

The global telecom outsourcing market is projected to reach $98.7 billion by 2026.

Statistic 36

By 2025, there will be an estimated 5.7 billion mobile subscribers worldwide.

Statistic 37

The average monthly revenue per user (ARPU) for 5G services is expected to be $32 by 2025.

Statistic 38

The global telecom API market size is forecasted to exceed $464 billion by 2026.

Statistic 39

The number of businesses using Unified Communications as a Service (UCaaS) is expected to grow by 15% annually.

Statistic 40

Global telecom power systems market revenue is anticipated to reach $5.5 billion by 2025.

Statistic 41

The number of satellite internet subscribers is projected to reach 5.8 million by 2026.

Statistic 42

The global telecom service assurance market is expected to grow at a CAGR of 9.8% from 2021 to 2026.

Statistic 43

The Middle East and Africa region are estimated to see a 31% increase in mobile data traffic by 2025.

Statistic 44

Managed Security Services (MSS) are forecasted to reach a market size of $49.2 billion by 2026.

Statistic 45

The number of global IoT connections in the transportation sector is expected to reach 1.7 billion by 2026.

Statistic 46

In Southeast Asia, fixed broadband penetration is forecasted to increase from 15% to 30% by 2022.

Statistic 47

The global cloud telephony market revenue is projected to exceed $23 billion by 2026.

Statistic 48

The worldwide telecom application programming interface (API) revenue is predicted to reach $350 billion in 2026.

Statistic 49

The number of commercial 5G networks is expected to grow to 1,912 by 2025.

Statistic 50

The global telecom network management system market size is estimated to reach $10.8 billion by 2026.

Statistic 51

By 2025, there will be over 1.1 billion cellular-connected IoT devices worldwide.

Statistic 52

The global 5G infrastructure market is expected to reach $58.1 billion by 2028.

Statistic 53

40% of telecom companies plan to invest in Artificial Intelligence (AI) by 2023.

Statistic 54

The global virtual private network (VPN) market is projected to exceed $70 billion by 2026.

Statistic 55

The global telecom managed services market is expected to reach $29.9 billion by 2026.

Statistic 56

The number of global fixed broadband connections is forecasted to reach 1.1 billion by 2025.

Statistic 57

Telecom sector's contribution to global GDP is projected to be $5.2 trillion by 2025.

Statistic 58

The average monthly mobile data usage in Europe is forecasted to be 19 GB per smartphone by 2025.

Statistic 59

The global telecom billing and revenue management market is expected to grow to $18.0 billion by 2025.

Statistic 60

The number of connected IoT devices is predicted to reach 27 billion by 2025.

Statistic 61

By 2025, the Asia-Pacific region is expected to have 2.3 billion mobile internet users.

Statistic 62

The global telecom software market size is anticipated to exceed $166 billion by 2026.

Statistic 63

Total global telecom infrastructure spending is estimated to be $386 billion in 2021.

Statistic 64

Telecom companies are projected to spend $8.9 billion on edge computing by 2025.

Statistic 65

The global telecom expense management market size is forecasted to reach $5.4 billion by 2026.

Statistic 66

The Middle East and Africa region are expected to see a 47% increase in mobile data traffic by 2025.

Statistic 67

The worldwide telecom analytics market is anticipated to reach $7.5 billion by 2026.

Statistic 68

The global telecom asset management market size is projected to surpass $5.6 billion by 2026.

Statistic 69

By 2025, there will be over 2.8 billion mobile banking users worldwide.

Statistic 70

The global market for telecom enterprise services is expected to reach $62.6 billion by 2026.

Statistic 71

The global telecom fraud management market size is forecasted to grow to $4.9 billion by 2026.

Statistic 72

The number of telecom tower sites in the U.S. is expected to reach over 400,000 by 2025.

Statistic 73

The average monthly mobile data usage per smartphone in the U.S. is expected to reach 15.5 GB by 2025.

Statistic 74

The telecom industry employs over 4 million people in the United States.

Statistic 75

The telecom industry contributes over $1.6 trillion to the U.S. economy annually.

Statistic 76

Telemedicine usage grew by 78% in the U.S. in 2020.

Statistic 77

The Asia-Pacific region accounted for 30% of global telecom revenues in 2020.

Statistic 78

Telecom operators are expected to invest over $480 billion in 5G networks by 2025.

Statistic 79

In the U.S., over 80% of households will have access to gigabit internet speeds by 2026.

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Summary

  • Over 3 billion people worldwide have access to the internet.
  • The global telecommunications market is projected to reach a value of $2.4 trillion by 2020.
  • 5G technology adoption is expected to reach 1.9 billion connections by 2021.
  • The average monthly mobile data usage per smartphone in the U.S. is expected to reach 15.5 GB by 2025.
  • By 2025, there will be an estimated 111.8 million 5G connections in North America.
  • The global telecom services market revenue is forecasted to reach $1.5 trillion by 2020.
  • Over 50% of the world's population are mobile phone users.
  • Total telecom investments in infrastructure are projected to reach $426 billion in 2021.
  • The number of global IoT connections is expected to reach 25 billion by 2025.
  • The telecom industry employs over 4 million people in the United States.
  • Mobile data traffic is expected to grow at a CAGR of 38% between 2020-2025.
  • Over 80% of global internet traffic will be video content by 2022.
  • The global VoIP market size is expected to reach $55 billion by 2025.
  • Fixed broadband subscriptions are projected to reach 1 billion globally by 2024.
  • Mobile health (mHealth) market revenue is forecasted to reach $90 billion by 2026.

Step into the fast-paced world of telecommunications, where billions are connected at the touch of a button and trillions change hands with a blink. With over 3 billion internet users globally, a projected $2.4 trillion market by 2020, and 1.9 billion 5G connections on the horizon, its clear that the telecom industry is buzzing louder than ever. From the U.S. leading in data usage to Asia-Pacific spearheading 5G deployments, this industry is not just making waves – its creating a tsunami of innovation and opportunity. Jump on board as we dive deep into the numbers that speak volumes about the future of communication technology.

Access to telecommunication services

  • Over 3 billion people worldwide have access to the internet.
  • Over 50% of the world's population are mobile phone users.

Interpretation

In a world where more people have access to the internet than clean water, and where mobile phones are practically glued to our hands like an extra limb, it's clear that the telecommunications industry has woven itself into the very fabric of our daily lives. With over 3 billion internet users and more than half the global population using mobile phones, it's no wonder that we can't seem to go a single day without scrolling, swiping, or typing our way through the digital landscape. So, whether you're a casual scroller or a professional meme sharer, one thing is for sure: the telecommunications industry isn't just a trend, it's a way of life.

Market Projections

  • The worldwide IT and telecom services market size is estimated to be $1.5 trillion by 2026.

Interpretation

In a world where texting, tweeting, and streaming reign supreme, the telecommunications industry emerges as the shepherd of our digital flock, guiding us through the virtual wilderness. With a projected global market size of a whopping $1.5 trillion by 2026, the IT and telecom services sector isn't just dialing in, it's making a loud and clear call that it's here to stay. So, whether you're a tech-savvy millennial glued to your smartphone or a seasoned professional navigating the virtual office landscape, one thing is certain - the telecommunications industry is the unsung hero keeping our world connected, one byte at a time.

Market projections

  • The global telecommunications market is projected to reach a value of $2.4 trillion by 2020.
  • 5G technology adoption is expected to reach 1.9 billion connections by 2021.
  • By 2025, there will be an estimated 111.8 million 5G connections in North America.
  • The global telecom services market revenue is forecasted to reach $1.5 trillion by 2020.
  • Total telecom investments in infrastructure are projected to reach $426 billion in 2021.
  • The number of global IoT connections is expected to reach 25 billion by 2025.
  • Mobile data traffic is expected to grow at a CAGR of 38% between 2020-2025.
  • Over 80% of global internet traffic will be video content by 2022.
  • The global VoIP market size is expected to reach $55 billion by 2025.
  • Fixed broadband subscriptions are projected to reach 1 billion globally by 2024.
  • Mobile health (mHealth) market revenue is forecasted to reach $90 billion by 2026.
  • The number of 5G connections worldwide is expected to surpass 1 billion by 2023.
  • Mobile apps revenue is expected to reach $935 billion in 2023.
  • The global SaaS telecom market is projected to reach $17.7 billion by 2025.
  • The Asia-Pacific region is expected to lead in the deployment of 5G networks, with an estimated 1.14 billion connections by 2025.
  • Mobile subscriptions are expected to reach 7.7 billion by 2025.
  • The global telecom services market is projected to grow at a CAGR of 5.0% from 2020 to 2025.
  • The number of fixed broadband subscribers is forecasted to reach 1.2 billion by 2023.
  • The global telecom expense management market size is estimated to surpass $5.5 billion by 2026.
  • The average revenue per user (ARPU) for mobile services is expected to decline by 1.8% annually from 2020 to 2025.
  • The number of smart home connections is anticipated to reach 1.1 billion by 2025.
  • The global telecom towers market size is projected to exceed $60 billion by 2026.
  • The telecom cloud market revenue is expected to reach $44.5 billion by 2025.
  • The number of IoT devices is forecasted to grow to 30.9 billion by 2025.
  • The U.S. telecom industry capital expenditures are expected to reach $172 billion by 2022.
  • Global telecom analytics market size is projected to reach $7.5 billion by 2026.
  • By 2025, there will be 2.8 billion cellular IoT connections.
  • Mobile roaming revenues are expected to decline by 34% between 2019 and 2020.
  • The global SD-WAN market is expected to reach $6.4 billion by 2025.
  • The number of connected wearable devices is projected to reach 1.1 billion by 2022.
  • The global telecommunications equipment market is estimated to be worth $383 billion by 2026.
  • The global telecom outsourcing market is projected to reach $98.7 billion by 2026.
  • By 2025, there will be an estimated 5.7 billion mobile subscribers worldwide.
  • The average monthly revenue per user (ARPU) for 5G services is expected to be $32 by 2025.
  • The global telecom API market size is forecasted to exceed $464 billion by 2026.
  • The number of businesses using Unified Communications as a Service (UCaaS) is expected to grow by 15% annually.
  • Global telecom power systems market revenue is anticipated to reach $5.5 billion by 2025.
  • The number of satellite internet subscribers is projected to reach 5.8 million by 2026.
  • The global telecom service assurance market is expected to grow at a CAGR of 9.8% from 2021 to 2026.
  • The Middle East and Africa region are estimated to see a 31% increase in mobile data traffic by 2025.
  • Managed Security Services (MSS) are forecasted to reach a market size of $49.2 billion by 2026.
  • The number of global IoT connections in the transportation sector is expected to reach 1.7 billion by 2026.
  • In Southeast Asia, fixed broadband penetration is forecasted to increase from 15% to 30% by 2022.
  • The global cloud telephony market revenue is projected to exceed $23 billion by 2026.
  • The worldwide telecom application programming interface (API) revenue is predicted to reach $350 billion in 2026.
  • The number of commercial 5G networks is expected to grow to 1,912 by 2025.
  • The global telecom network management system market size is estimated to reach $10.8 billion by 2026.
  • By 2025, there will be over 1.1 billion cellular-connected IoT devices worldwide.
  • The global 5G infrastructure market is expected to reach $58.1 billion by 2028.
  • 40% of telecom companies plan to invest in Artificial Intelligence (AI) by 2023.
  • The global virtual private network (VPN) market is projected to exceed $70 billion by 2026.
  • The global telecom managed services market is expected to reach $29.9 billion by 2026.
  • The number of global fixed broadband connections is forecasted to reach 1.1 billion by 2025.
  • Telecom sector's contribution to global GDP is projected to be $5.2 trillion by 2025.
  • The average monthly mobile data usage in Europe is forecasted to be 19 GB per smartphone by 2025.
  • The global telecom billing and revenue management market is expected to grow to $18.0 billion by 2025.
  • The number of connected IoT devices is predicted to reach 27 billion by 2025.
  • By 2025, the Asia-Pacific region is expected to have 2.3 billion mobile internet users.
  • The global telecom software market size is anticipated to exceed $166 billion by 2026.
  • Total global telecom infrastructure spending is estimated to be $386 billion in 2021.
  • Telecom companies are projected to spend $8.9 billion on edge computing by 2025.
  • The global telecom expense management market size is forecasted to reach $5.4 billion by 2026.
  • The Middle East and Africa region are expected to see a 47% increase in mobile data traffic by 2025.
  • The worldwide telecom analytics market is anticipated to reach $7.5 billion by 2026.
  • The global telecom asset management market size is projected to surpass $5.6 billion by 2026.
  • By 2025, there will be over 2.8 billion mobile banking users worldwide.
  • The global market for telecom enterprise services is expected to reach $62.6 billion by 2026.
  • The global telecom fraud management market size is forecasted to grow to $4.9 billion by 2026.
  • The number of telecom tower sites in the U.S. is expected to reach over 400,000 by 2025.

Interpretation

In a world where technological advancements are as frequent as a politician's promises, the telecommunications industry is set to dazzle us with its projected $2.4 trillion value by 2020. With 5G technology poised to spread like gossip in a high school cafeteria, boasting 1.9 billion connections by 2021, it seems we'll all soon be zipping around the digital sphere at lightning speed. Beneath the surface, however, lies a vast infrastructure investment of $426 billion in 2021, suggesting that amidst the glitz and glam of high-speed connections and mobile data explosions, the backbone of this industry is as solid as a stubborn dial-up connection. So, whether we're streaming videos on the beach or monitoring our heart rates through smartwatches, the telecom industry's future looks more promising than a swiped-right Tinder match.

Mobile data usage

  • The average monthly mobile data usage per smartphone in the U.S. is expected to reach 15.5 GB by 2025.

Interpretation

In an era where cat videos and Insta-worthy selfies reign supreme, the telecommunications industry is gearing up for a data revolution as the average monthly mobile data usage per smartphone in the U.S. is projected to hit a staggering 15.5 GB by 2025. As our love affair with streaming, social media, and online gaming shows no signs of slowing down, it seems our smartphones are no longer just handy gadgets but rather insatiable data guzzlers. So brace yourselves, dear data providers, for in this digital age, excess data usage is the new black.

Telecom growth and expansion

  • The telecom industry employs over 4 million people in the United States.
  • The telecom industry contributes over $1.6 trillion to the U.S. economy annually.
  • Telemedicine usage grew by 78% in the U.S. in 2020.
  • The Asia-Pacific region accounted for 30% of global telecom revenues in 2020.
  • Telecom operators are expected to invest over $480 billion in 5G networks by 2025.
  • In the U.S., over 80% of households will have access to gigabit internet speeds by 2026.

Interpretation

The statistics paint a clear picture of the telecommunications industry's colossal impact across the globe. With a workforce of over 4 million and a contribution exceeding $1.6 trillion to the U.S. economy yearly, it's clear that this sector is not just about phone calls and text messages. The surge in telemedicine by 78% in 2020 showcases how technology is revolutionizing healthcare. As the Asia-Pacific region claims 30% of global telecom revenues, it's no surprise that operators are gearing up to invest billions in 5G networks. And with over 80% of U.S. households set to enjoy gigabit internet speeds by 2026, it's safe to say that the future of connectivity is as fast as it is bright.

References