SOURCE: Radiant Insights, Inc.

Radiant Insights, Inc.

March 30, 2016 05:00 ET

U.S. Telecom Market Size to Reach $1.3 Trillion by 2020: Radiant Insights, Inc.

SAN FRANCISCO, CA--(Marketwired - Mar 30, 2016) - The U.S. telecom market is quite complicated and has multiple sectors. These sectors experienced robust expansion in the last decade. Recent history has led to considerable transformation, with novel technologies and various mergers coming to the fore. These technologies enable wider coverage, quicker speeds, and deeper market penetration.

The decade ahead would introduce many obstacles and transformations in the market. Repetition of trends similar to that of the past ten years could be a hindrance. This could result from mergers indulging in greater concentration & consolidation. Nonetheless, surging technological developments and transformations create bright prospects for the U.S. telecom market.

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Currently, revenues generated from all sectors of this market amount to around USD 750 billion. They are predicted to rise at nearly 4 percent and be USD 1.3 trillion by 2020. Several telecom segments should achieve market penetration by over ninety percent in the forthcoming years.

Telecom firms render data transmission and mobile & fixed voice solutions to small enterprises, users, organizations, & entities. From a traditional perspective, telecommunication companies basically profit from text messaging, voice calls, and web & network connections. These three profit mediums are used via landline or wireline connectivity. 

Firms with the U.S. telecom market provide services to businesses also. These services are driven wireless along with data, wired web, & business solutions. As far as wireline is concerned, telecom firms present data & voice services to their clients for sales. These firms also supply 'Voice over Internet Protocol' (VoIP) and traditional landlines.

For the web, they provide services varying from basic connections to fast ones. For home leisure, they offer T.V. solutions via Internet Protocol T.V. Telecom companies take a greater step by selling innovative solutions. This ensures safe communication networks, video conferencing, & high bandwidth dedicated lines.

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In the wireless sector, the U.S. telecom market profits through 'subscription' sales for data & voice services. It even advertizes & promotes notebooks, phones, tablets, & other modern devices. Additionally, the market offers hot wireless destinations to its consumers. Home clients primarily use wireless solutions.

Some of the renowned market participants comprise Verizon, AT & T (T), and Sprint.

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