Wired Telecommunications Carriers in the US - Industry Market Research Report
Description
Wired Telecommunications Carriers in the US - Industry Market Research Report
Wired Telecommunications Carriers in the US
Wired telecommunications carriers offer local and long-distance voice services using the public switched telephone network and wholesale access to networks for use by companies that provide voice communication services to customers. Once the principal provider of voice communication services, numerous substitutes have siphoned revenue away such as wireless telephony and Voice over Internet Protocol (VoIP) technology. Carriers have also suffered due to the growing demand for fiber-optic broadband internet access. Shifting consumer preferences for newer technologies are estimated to hurt industry revenue. Industry-wide revenue has been declining at an average annualized 2.6% over the past five years and is expected to total $67.5 billion in 2023, when revenue will stagnate. However, profit is expected to increase during the same period as carriers have made cost-cutting measures in response to declining revenue.
This industry provides local and long-distance voice communication services using the public switched telephone network. Industry operators also generate revenue by providing private network services and by wholesaling access to their networks for voice communication. This industry excludes operators that provide wired internet or video services and those that solely resell telecommunications services (IBISWorld report 51791a).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Wired Telecommunications Carriers in the US
Wired telecommunications carriers offer local and long-distance voice services using the public switched telephone network and wholesale access to networks for use by companies that provide voice communication services to customers. Once the principal provider of voice communication services, numerous substitutes have siphoned revenue away such as wireless telephony and Voice over Internet Protocol (VoIP) technology. Carriers have also suffered due to the growing demand for fiber-optic broadband internet access. Shifting consumer preferences for newer technologies are estimated to hurt industry revenue. Industry-wide revenue has been declining at an average annualized 2.6% over the past five years and is expected to total $67.5 billion in 2023, when revenue will stagnate. However, profit is expected to increase during the same period as carriers have made cost-cutting measures in response to declining revenue.
This industry provides local and long-distance voice communication services using the public switched telephone network. Industry operators also generate revenue by providing private network services and by wholesaling access to their networks for voice communication. This industry excludes operators that provide wired internet or video services and those that solely resell telecommunications services (IBISWorld report 51791a).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
51 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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