Wireless Telecommunications Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 6/24/2024
SIC Codes: 4812
NAICS Codes: 517112
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
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Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Wireless Telecommunications Services Industry Profile

Companies in this industry operate and maintain switching and transmission facilities to provide telecommunications services via airwaves. Major companies include AT&T, T-Mobile US, and Verizon (all based in the US), as well as América Móvil (Mexico), China Mobile (China), Deutsche Telekom (Germany), NTT DOCOMO (Japan), and Vodafone Group (UK).

Global wireless telecommunication carriers' revenue grew about $930 billion in 2023 and is expected to reach $1.2 trillion by 2027, according to The Business Research Company. In addition, mobile connections worldwide total about 8.5 billion, according to GSM Association. Top countries by number of mobile-cellular telephone subscriptions include China, India, and Indonesia, according to Statista.

The US wireless telecommunications services industry includes about 26,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $255 billion. The industry includes companies that operate wireless telecommunications networks and related facilities. Companies that resell wireless telecommunications services, including mobile virtual network operators (MVNOs) popular in Europe and Asia, are covered in a separate industry profile.


With some markets reaching saturation, competition has grown fierce as wireless telecommunications service providers fight to attract subscribers from other carriers to sustain revenue growth. Until recently, the proliferation of smartphones and tablets largely drove revenue and R&D growth. Companies can differentiate their services through pricing, network performance, customer service, and diversity of offerings, such as mobile, broadband, and TV services.

The US wireless telecommunications industry is ...

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