Press Release: January 11, 2019
The global wired telecommunications carriers market, one of the segments in the telecom industry, declined at a compound annual growth rate (CAGR) of around 2% during the historic period. The is mainly due to a shift to wireless and mobile technologies and need for capital investments in the wired telecommunications carriers industry.
In the forecast period, the wired telecommunications carriers market size is expected to be over $300 billion by 2021, declining at a CAGR of nearly 0.10%. The growth rate increased in the forecast period when compared to the historic period. This is mainly attributed to several factors which include economic growth in emerging economies, increasing investments in smart cities and government initiatives in the telecom industry.
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Companies in the wired telecommunications carriers industry are shifting towards refining their services by improving broadband networks, enhancing bandwidth time and upgrading from copper wires to fiber optics. They are focused on promoting high-speed broadband services to deal with the competitiveness in the market. The wired telecommunications industry is developing growing businesses such as Internet Protocol Television (IPTV), IT Services and Applications and IDC wireline. IPTV is a system through which television services are delivered using the Internet protocol suite over LAN or the Internet.
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