Global Telecom IT Services Market research provides a new perspective into the components and workings of the Telecom IT Services Market on global as well as regional levels. The report serving as an invaluable source of guidance for readers covers an analysis overview of the industry chain of the global market and discusses key elements associated with it, Telecom IT Services Market. The report focuses on the global status, future forecast, growth opportunity, key market, and key players.
The Telecom IT Services Market size was estimated at USD 1913.77 billion in 2023 and is projected to reach USD 2875.70 billion in 2030 at a CAGR of 5.99% during the forecast period 2023-2030.
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Telecommunication systems are renowned for offering services like phone and internet and are administered by telecommunication service providers. Organizations must have this communication infrastructure in place because it enables them to engage with consumers more effectively and raise customer service standards.
Competitive Landscape of Telecom IT Services Market:
· Accenture
· Amdocs
· AT&T Inc.
· Bharati Airtel Limited
· BT Group plc
· Capgemini
· China Mobile Ltd.
· China Telecom Corp Ltd.
· Comcast Corporation
· Deutsche Telekom AG
· KDDI Corporation
· KT Corporation
· Nippon Telegraph and Telephone Corporation (NTT)
· Oracle Corporation
· Orange SA
· Reliance Jio Infocomm Limited
· SoftBank Group Corp.
· Telefonica SA
· Verizon Communications Inc.
· Vodafone Group and More
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Segmentations of Telecom IT Services Market:
By Service Type
· Fixed Voice Services
· Fixed Internet Access Services
· Mobile Voice Services
· Mobile Data Services
· Pay-TV Services
· Machine-to-Machine (Mobile IoT)
· Services
By Transmission
· Wireline
· Wireless
By End Use
· Consumer/Residential
· Business
Recent Developments
In November 2022, BlackPoint IT Services has purchased the telecoms company Agility Communications Group. The main motivation for doing this is to give end-to-end telecom services and capabilities that are even more extensive in order to help their clients in the United States and their branch offices in Asia and Europe.
In August 2022, Verizon and Nova Credit, the leading consumer-permission credit agency in the world, have announced that they have expanded their cooperation to do international credit checks over the phone and in certain Verizon shops for customers who are new to the country as part of their flagship retail campaign. Verizon will be able to access prospective clients' foreign credit files and translate them into credit ratings that may qualify them for financing with the aid of this collaboration.
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