Wireless Telecommunication Carriers Market Driven By Increased Use Of Mobile Payments

The Global Research Telecommunications Operators Global Markets Report 2021: Impact and Recovery of COVID-19 by 2030

LONDON, GREAT LONDON, Great Britain, April 27, 2021 /EINPresswire.com/ – Our reports have been revised on the market size, forecasts and strategies to be undertaken in 2021 following the impact of COVID-19: https://www.thebusinessresearchcompany.com/global-market-reports

The number of people using mobile payments to pay for goods and services at the point of sale is expected to increase significantly. In the United States in particular, sales of mobile payments are expected to grow exponentially due to the growing number of total users of the technology. For example, the number of people using mobile payments in the US increased from 48.1 million in 2017 to about 55 million (approximately 20.2% of the population) in 2018. Mobile wallets such as Apple Pay, Android Pay and Samsung Pay is likely to become a standard feature of new smartphones, according to a study by e-Marketer. Increasingly, merchants are likely to adopt on-site sales systems that can accept mobile payments. To encourage and encourage the use of m-payments, incentives such as promotions and loyalty programs will be integrated to attract new users.

The wireless telecommunications operators market consists of sales of telecommunications services and related goods by entities (organizations, sole traders and partnerships) that operate and maintain switching and transmission facilities for the provision of telecommunications services over the air. Services provided by companies in this industry include cellular telephone services, wireless Internet access and wireless video.

The global market for wireless telecommunications services is segmented by types into cellular / mobile telephone services, wireless internet services, household applications, commercial, voice product, data and technology in 3G, 4G, 5G.

Read more about the Global Wireless Telecommunications Market Report:
https://www.thebusinessresearchcompany.com/report/wireless-telecommunication-carriers-global-market-report-2020-30-covid-19-impact-and-recovery

The global market for wireless telecommunications operators is expected to grow from $ 744.75 billion in 2020 to $ 764.23 billion in 2021 at a compound annual growth rate (CAGR) of 2.6%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive restraint measures, including social distancing, teleworking and the closure of commercial activities, which led to operational challenges. . The market is expected to reach $ 975.78 billion in 2025 at a CAGR of 6%.

North America has the largest market share of wireless operators, accounting for 40% in 2020. The Asia-Pacific region is the second largest region, accounting for 38% of the global market. Africa was the smallest region in the global market for wireless telecommunications operators.

The main players covered in the wireless telecommunications industry are AT&T, China Mobile, Verizon Communications, Deutsche Telekom AG, Telefonica SA.

Global Wireless Telecommunications Market Report 2021: Impact and Recovery of COVID-19 by 2030 is one of a series of new reports by The Business Research Company that provides market overview of wireless telecommunications operators, forecast the size and growth of the market of wireless telecommunications operators for the whole market, market segments of wireless telecommunications operators and geographies, trends of the market of wireless telecommunications operators, drivers of the market of wireless telecommunications operators, restrictions, revenues, profiles and market shares of leading competitors.

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