$333.8bn
$XX.Xbn
297k
1,037
$XX.Xbn
The Wireless Telecommunications Carriers industry has benefited from the rapid development of mobile devices. The popularity of smartphones has mainly driven growth. Households have chosen to disconnect their landlines to cut costs and receive network access away from home. Industry revenue was bolstered during the current period by surges in demand for mobile internet. Overall, Wireless Telecommunications Carriers' revenue has modestly grown at an annualized rate of 0.1% to total $333.8 billion in 2024, when revenue will climb an estimated 6.6%, as the early shift to fifth-generation (5G) enables businesses to renegotiate the current product-price paradigm with consumers.
Industry revenue has grown at a CAGR of 0.1 % over the past five years, to reach an estimated $333.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Verizon Wireless Inc. | 67,733.0 | 16,338.3 | 24.1 | |
Deutsche Telekom Ag | 59,418.8 | 5,571.9 | 9.4 | |
At&T Inc. | 55,312.1 | 9,372.5 | 16.9 |
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Industry revenue is measured across several distinct product and services lines, including Wireless voice telephone services, Wireless data services and Mobile dispatch. Wireless voice telephone services is the largest segment of the Wireless Telecommunications Carriers in the US.
Wireless calling faces competition from internet-based calling
This industry operates and maintains switching and transmission facilities to provide direct communications through the airwaves. Industry services include cellular mobile phone services, paging services, wireless internet access and wireless video services.
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NAICS 517312 - Wireless Telecommunications Carriers in the US
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Including values and annual change:
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Key data sources in the US include:
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The market size of the Wireless Telecommunications Carriers in the US industry in United States is $333.8bn in 2024.
There are 1,037 businesses in the Wireless Telecommunications Carriers in the US industry in United States, which has grown at a CAGR of 3.5 % between 2019 and 2024.
The market size of the Wireless Telecommunications Carriers in the US industry in United States has been growing at a CAGR of 0.1 % between 2019 and 2024.
Over the next five years, the Wireless Telecommunications Carriers in the US industry in United States is expected to grow.
The biggest companies operating in the Wireless Telecommunications Carriers market in United States are Verizon Wireless Inc., Deutsche Telekom Ag and At&T Inc.
Providing wireless network communication service for local, long-distance and international calls and Providing messaging services, such as short message services (SMS) and multimedia messaging services (MMS) are part of the Wireless Telecommunications Carriers in the US industry.
The company holding the most market share in United States is Verizon Wireless Inc..
The level of competition is high and steady in the Wireless Telecommunications Carriers in the US industry in United States.