Telecom Statistics

Telecom Statistics: Telecom Industry Market Size in 2024

Telecom Statistics: Telecom Industry Market Size in 2024

Telecom is the condensed word for telecommunications.

Telecommunications is defined as the “exchange of information over considerable distances via electronic methods.”

Telecommunications is also about all forms of video, voice, and data transmission.

Today, we will be discussing telecom statistics that you need to know.

A few of these communications solutions include satellite, radio, cellular phones, the internet, telegraphs, fiber optics, mobile devices, wired telephones, microwave communications, and other developing technology. 

Whenever you make a phone call, send a text message, send a message on a messenger, use virtual meeting and chat services, watch television, use the internet, and other activities, you’re engaging with telecom technology of some kind.

Let’s see what we can learn from these statistics about the telecommunications sector.

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Key Statistics

  • The first telephone was invented and patented by Alexander Graham Bell.
  • An estimated 5.48 billion people across the globe use mobile phones.
  • 85% of global mobile phone users use smartphones.
  • 5.18 billion people around the world use the internet as of April 2023.
  • 11.4 gigabytes of monthly data were used per smartphone user on average in 2021.
  • There are 229 commercial 5G networks in the world.
  • Between 2022 and 2023, the Global Telecom market grew from $2868.37 Billion to $3041.8 Billion (USD).
  • The global 5G market Is expected to reach $1.9 trillion by 2030.
  • The average speed of broadband in the United States is 198 megabytes per second.
  • The average broadband speed across the globe is 110 Mbps. 
  • Monaco has the fastest internet speed in the world at 319.59 Mbps. 
  • The average global latency is around 25 milliseconds.

General Telecom Statistics in 2024

Let’s start with some of the basic telecom statistics.

We’ll start with some historical data and swiftly bring the telecom industry into this century.

1. The First Telephone Was Invented and Patented by Alexander Graham Bell. 

Telephone 444

In 1876, Alexander Graham Bell invented the world’s first telephone that used telegraph and intercom technologies.

The first model needed an interpreter/telegrapher for both ends of the two-way communication.

While there is some debate about who invented the first telephone, Bell was the first to patent it, giving him the title of “the father of the telephone.”

(LoC, TechTarget)

2. as Of April 2023, an Estimated 5.48 Billion People Across the Globe Use Mobile Phones.

We’ve come a long way in society since the invention of the first telephone.

In fact, as of April 2023, around 5.48 billion people in the world use mobile phones.

That number represents over two-thirds of the world’s population. 

(DataReportal, DataReportal 2)

3. 85% of Global Mobile Phone Users Use Smartphones.

Recent data shows that 85% of all mobile users are using smartphones across the globe.

This data is derived from the number of cellular connections affiliated with smartphone usage.

(DataReportal, DataReportal 2)

4. 5.18 Billion People Around the World Use the Internet as Of April 2023.

Since the internet is a segment of the overall telecom industry, you should know that as of April 2023, there are 5.18 billion people using the internet.

This figure depicts 64.6% of the global population. In the past 12 months alone, 147 million people started going online via the internet.

(DataReportal, DataReportal 2)

5. 2021 Data Revealed that The Average Data Amount Used per Smartphone Accounted for 11.4 Gigabytes.

2021 data shows that the average amount of smartphone data usage accounted for 11.4 gigabytes per month.

Additionally, this data predicts that the figure will grow at least 41 gigabytes per global smartphone per month in 2027.

(Statista)

6. There Are 229 Commercial 5G Networks in The World. 

The latest information shows that as of January 2023, there are 229 commercial networks in the world.

Moreover, in January 2023, over 90 fixed broadband services launched their commercial 5G fixed wireless solutions across 48 countries worldwide. 

(GSMA)

7. The Average Speed of Broadband in The United States Is 198 Megabytes per Second.

In the United States, the average broadband speed is 198 Mbps, which represents the ninth fastest on the globe.

Yes, the United States is that far behind other countries with slower than eight more countries.

What’s worse is that the United States ranks 19th for mobile download speeds at an average of 82.27 Mbps.

 (Allconnect)

8. The Average Broadband Speed Across the Globe Is 110 Mbps. 

In terms of the average broadband speed in the world, that figure is 110 Mbps.

In 2018, it was 46 Mbps. Consequently, that was the year that it was upgraded to 110 Mbps as the average global broadband speed.

It’s expected that as more people across the globe start using the internet the average broadband speed will rise.

 (Allconnect)

9. Monaco Holds the Rank of Number One for The Fastest Internet Speed at 319.59 Mbps. 

Monaco rates first in internet download speeds at 319.59 Mbps on average. Singapore is second at an average speed of 300.83 Mbps.

Chile is third at 298.5 Mbps and Hong Kong ranks fourth at 292.21 Mbps. These are the top three countries with the fastest average internet speeds.

(Wisevoter)

10. The Average Global Latency Is 25 Milliseconds.

According to global statistics, the average global latency is 25 milliseconds.

Related:  How Many Emails are Sent Per Day in 2024? (Full Stats!)

Latency refers to how long it takes a data package to get from your device to the server and back again.

It’s always measured in milliseconds. 

(Devolo)

Telecom Industry Statistics

In this section, we will address the value, revenue, and other factors about the overall telecom industry.

11. Between 2022 and 2023, the Global Telecom Market Grew from $2868.37 Billion to $3041.8 Billion (USD).

In 2022, the world’s telecom market was worth $2868.37 billion. By 2023, this market, with a CAGR of 6.0% grew to $3041.8 billion.

Between recovering from the global pandemic and the interruption of the Russia-Ukraine war, things went a little wonky.

There were disruptions in the supply chain, a rise in commodity prices, global inflation, etc.

(The Business Research Company)

12. The Telecom Services Sector Is Expected to Generate $2.55 Trillion (USD) by 2028.

The statistics say that the telecommunications industry will generate $2.55 trillion (USD) by 2028.

This will span across all technologies used in this industry and those that are emerging now and in the future.

(Global Newswire) 

13. The Global 5G Market Is Expected to Reach $1.9 Trillion by 2030.

5G 510

The latest data predicts that the 5G market is expected to achieve $1.9 trillion (USD) by 2030 due to the CAGR of 105.5% between 2022 and 2030.

In China alone, the 5G market is expected to reach $272.3 billion by 2030.

(PR Newswire)

14. China Mobile Limited Employs About 456,239 People. 

In terms of the global telecommunications workforce, China Mobile Limited, one of the biggest telecommunication employers in the world, has around 456,239 employees.

These workers keep people connected across the globe. 

(Statista 2)

15. In The United States, Verizon Employs About 118,000 People.

It’s obvious that telecommunication companies are some of the biggest employers on the planet.

That’s because keeping people connected requires a lot of work, skills, and people to maintain services.

Verizon, headquartered in New York, New York, is one of these employers.

They have about 118,000 employees.

(Statista 2)

16. As Of 2022 Vodafone in England Employs Roughly 104,000 People.

Vodafone

Vodafone, a major telecom company, is headquartered in Newbury and Berkshire, New England and employs around 104,000 people.

Vodafone has networks in 21 countries and partners in 47 more. Most of its operations are in Asia, Oceania, Europe, and Africa. 

(Wikipedia)

17. Over 59% of The Revenues in The Telecom Services Market Came from Consumer/Residential Customers.

Data shows that most of the revenue generated in the telecom services market came from consumer/residential customers in 2022.

It’s believed to be due to the rise in smartphone ownership and adoption among consumers around the world. 

(Grandview Research)

18. More than 37% of The Global Telecom Market Share Comes from Mobile Data Services. 

There should be no surprise in knowing that 37% of the total global telecommunications market share came from mobile data services in 2022.

As with the overall growth in telecom revenues, this segment growth is also attributed to the rise in smartphone usage.

(Grandview Research) 

19. It’s Expected that The Cloud Computing Segment Will Reach $882.1 Billion (USD) by 2025.

In 2020, the cloud computing segment was worth $371.4 billion (USD).

However, when calculated at its 17.5% CAGR, it’s predicted that this segment will grow to $882.1 billion (USD) by 2025. 

This data covers the global community.

(Cloudwards)

20. In 2022, Asia-Pacific Accounted for 33% of The Total Telecom Services Market.

Telecom

Asia-Pacific is now the largest telecom services market, according to research.

In 2022 alone, it had a 33% market share in the telecom services sector.

Moreover, between 2023 and 2030, its expected CAGR is 7.0%. Will it keep up its pace?

(Grandview Research) 

FAQs

What Is the Telecom Industry?

The telecom industry is the collection of businesses that provide telecommunications services, like voice, data, and video.

These services are delivered through a range of technologies, such as wired, wireless, and satellite.

What Are the Main Challenges Facing the Telecom Industry?

The telecom industry is facing a few challenges, including these main three challenges:

The rise in innovative technologies: Technologies, such as 5G, IoT, and cloud computing, are changing the way people communicate and consume media.

This is forcing telecom companies to adapt their business models to meet the needs of their customers.

The increasing demand for more data: The amount of data being generated and consumed is growing exponentially.

This is putting a strain on telecom networks and forcing companies to invest in new infrastructure.

The need for higher levels of security: Telecom networks are increasingly vulnerable to cyberattacks.

This is forcing companies to invest in security measures to protect their customers’ data.

What Are Some Future Trends Evolving in The Telecom Industry?

The telecom industry is constantly evolving, and there are a number of trends that are expected to shape the industry in the years to come. 

The top three trends include:

The growth of 5G technology: 5G is the next generation of wireless technology, and it is expected to revolutionize the way people communicate and consume media.

The expansion of IoT devices: The number of IoT devices in the world is expected to grow exponentially in the coming years.

This will create new opportunities for telecom companies to provide services to these devices.

The rise in cloud computing usage: Cloud computing is becoming increasingly popular, and this is driving demand for telecom services.

What Are Some Benefits of Working in The Telecom Industry?

The telecom industry offers several benefits, including:

High-paying jobs: Telecom jobs tend to pay well, especially at the management level.

Opportunities for growth: The telecom industry is constantly evolving, which creates opportunities for growth and advancement.

Job security: The telecom industry is a stable industry, and there is a high demand for telecom professionals.

What Are Some Challenges of Working in The Telecom Industry?

The telecom industry also has some challenges, including:

Long hours: Telecom jobs can be demanding, and long hours are often required.

Stressful work environment: The telecom industry can be a stressful work environment, due to the constant pressure to meet deadlines and the need to deal with customer complaints.

Lack of diversity: The telecom industry is still relatively male-dominated, and there is a lack of diversity in the workforce.

Conclusion

The telecom industry is constantly evolving, and the statistics presented in this article provide a glimpse into the future of the industry. 

The rise of innovative technologies, such as 5G, IoT, and cloud computing, is changing the way people communicate and consume media.

This is forcing telecom companies to adapt their business models to meet the needs of their customers.

The increasing demand for data is also putting a strain on telecom networks and forcing companies to invest in new infrastructure.

In addition, telecom networks are increasingly vulnerable to cyberattacks, which is forcing companies to invest in security measures to protect their customers’ data.

Despite these challenges, the telecom industry is still a major contributor to the global economy and a major driver of innovation.

The above statistics presented in this article show that the telecom industry is poised for continued growth in the years to come.

We hope you have learned a lot from these telecom statistics that we researched and shared with you today.

Sources

AllconnectCloudwardsDataReportal
DataReportal 2DevoloGlobal Newswire
Grandview ResearchGSMALoC
PR NewswireStatistaStatista 2
TechTargetThe Business Research CompanyWikipedia
Wisevoter

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Written by Kelly Indah
I’m the editor at Increditools and a dedicated cybersecurity expert with a robust technical background. With over a decade’s experience in the tech industry, I have worn many hats, from software developer to security analyst.