Communication Services - Worldwide

  • Worldwide
  • Revenue in the Communication Services market is projected to reach €1.4tn in 2024.
  • Mobile Data dominates the market with a projected market volume of €0.6tn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.33%, resulting in a market volume of €1.5tn by 2028.
  • In global comparison, most revenue will be generated in the United States (€312bn in 2024).

Key regions: United States, China, Germany, United Kingdom, France

Comparación de regiones

Analyst Opinion

The communication services market is shaped by continuing developments in technology. These developments enable ever faster data transmission rates, both for landline and mobile phone sectors, and are considered one of the main drivers of digitalization. Since competition is fierce in the communication services market, revenue growth in the field of data transmission services can primarily be traced back to a general increase in access to the internet. At the same time, voice and video calls using the internet are now replacing classic landlines and mobile phone speech technology systems using the public telephone network. This results in declining revenues in these sectors in almost every country.


Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the revenues of telecommunications providers generated by end consumers and enterprises.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use financial statements of key players, national statistical offices, and telecommunications regulatory authorities. In addition, we use relevant key market indicators and data from country-specific associations, such as the number of fixed broadband subscriptions, the number of telephone subscriptions, the number of mobile broadband connections, the number of cellular subscriptions, and the GDP. This data helps us estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

Visión general

  • Revenue
  • Key Players
  • Network Coverage
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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