$32.8bn
$XX.Xbn
27,928
35
$X.Xbn
More than ever, Canadian consumers expect to be connected everywhere, all the time, bringing nearly the entire population to subscribe to a mobile service. Wireless telecommunication carriers have capitalized on this accelerating use of data, as they're the bridge connecting users to the critical mobile networks they need. Still, while telecommunication providers were essential for Canadians to remain connected during the pandemic, revenue fell as in-person visits to retail stores plummeted. Wireless carriers have struggled to strengthen revenue since, even as data usage ramps up nationwide following upticks in travel and hybrid work environments. Steep competition between companies and sky-high capital investments in building, upgrading and maintaining 5G infrastructure limit revenue growth. Industry revenue has been declining at a CAGR of 1.7% to an estimated $32.8 billion – including an expected jump of 0.8% in 2024 – when profit is set to total 36.1%.
Industry revenue has declined at a CAGR of 1.7 % over the past five years, to reach an estimated $32.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Bell Media Inc. | 10,129.6 | 4,352.3 | 43.0 | |
Rogers Communications Inc. | 9,221.5 | 3,865.2 | 41.9 | |
Telus Corporation | 8,479.4 | 1,494.0 | 17.6 |
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Industry revenue is measured across several distinct product and services lines, including Basic voice services, Long distance and Terminal equipment . Basic voice services is the largest segment of the Wireless Telecommunications Carriers in Canada.
Wireless calling faces competition from internet-based calling
Companies in this industry primarily provide wireless telecommunications services to mobile devices over switching and transmission facilities they own and operate. Wireless carriers that provide services through a combination of owned and leased facilities are also included in this industry. Companies primarily generate revenue through prepaid voice telephony services, postpaid voice telephony services, data services and equipment sales.
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NAICS 517210 - Wireless Telecommunications Carriers in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Wireless Telecommunications Carriers industry in Canada is $32.8bn in 2024.
There are 35 businesses in the Wireless Telecommunications Carriers industry in Canada, which has declined at a CAGR of 1.1 % between 2019 and 2024.
The market size of the Wireless Telecommunications Carriers industry in Canada has been declining at a CAGR of 1.7 % between 2019 and 2024.
Over the next five years, the Wireless Telecommunications Carriers industry in Canada is expected to grow.
The biggest companies operating in the Wireless Telecommunications Carriers market in Canada are Bell Media Inc., Rogers Communications Inc. and Telus Corporation
Providing prepaid wireless voice telephony services and Providing postpaid wireless voice telephony services are part of the Wireless Telecommunications Carriers industry.
The company holding the most market share in Canada is Bell Media Inc..
The level of competition is high and increasing in the Wireless Telecommunications Carriers industry in Canada.