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Globally, the telecommunications industry is expected to have revenues of about US$1.53 trillion in 2024, up about 3% over the prior year. Both in 2024 and out to 2028, growth is expected to be higher in Asia Pacific and Europe, Middle East, and Africa, with growth in the Americas being around 1% annually.
The telecommunications firm Verizon is the leading provider of mobile services in the United States, with a market share of nearly 37 percent of wireless subscriptions as of the last quarter of 2024. T-Mobile and ATT are the other major wireless carriers in the U.S. market.
Wireless operators Jio 40.42 (40.4%) Airtel 33.49 (33.5%) Vodafone Idea 18.01 (18.0%) BSNL 7.99 (7.98%) MTNL 0.17 (0.17%)
Top 10 Smartphone Brands in India (Market Share) Samsung (Market Share: 12.90%) Realme (Market Share: 12.60%) OPPO (Market Share: 11.50%) Apple (Market Share: 6.70%) Motorola (Market Share: 6.20%) Poco (Market Share: 5.70%) OnePlus (Market Share: 4.40%) iQOO (Market Share: 2.70%)
The global telecoms industry is set for another year of transformation in 2025, driven by trends including AI, sustainability, private networks, and new approaches to connectivity.
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ATT Inc, Verizon Communications Inc, T-Mobile US Inc, and United States Cellular Corp are the top 4 telecom operators in the US in 2021 by mobile subscriptions. Cumulatively, the top 4 telecom operators in the US employed a total of 401,200 people in 2021.
T-Mobile is the largest U.S. telco by market cap As of 2024, T-Mobile had a market capitalization of over 214 billion U.S. dollars, the highest of any U.S. telecommunications company. Beijing-based China Mobile and U.S. giant Verizon trailed, with a market cap of 213 and 178 billion U.S. dollars, respectively.
The telecommunications industry typically exhibits an oli- gopoly market structure with a few operators providing similar services [1]. The services offered by telecom operators are not completely identical, being differentiated based on price, quality, availability or the targeted group of consumers [2].

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