Telecom Services Market Expected To Witness A Substantial Growth Of $2,874.76 Billion By 2030: Grand View Research Inc.

San Francisco, 29 June 2023: The Report Telecom Services Market Size, Share & Trends Analysis Report By Service Type (Mobile Data Services, Machine-To-Machine Services), By Transmission (Wireline, Wireless), By End-use, By Region, And Segment Forecasts, 2023 – 2030 The global telecom services market size is expected to reach USD 2,874.76 Billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2023 to 2030. Increased spending on next-generation wireless communication infrastructures due to the shift in customer preferences toward the 5G network and cloud-based technology is primarily driving the demand for telecom services. Furthermore, soaring demand for high-speed data connectivity, the rapid spread of digitalization worldwide, and the explosion of consumer-generated multimedia content via Over-The-Top (OTT) applications are some of the other key factors that are expected to sig...