The Mobile revenues of Telecom industry in United States of America attained a value of USD 186,478.98 Million in 2020
The industry recorded a historical decline (CAGR) of 0.47% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the industry to grow at a CAGR of ...
The Mobile revenues of Telecom industry in the United States of America recorded a single-digit YoY growth in 2020
The Mobile revenues of Telecom industry in United States of America has seen a lot of ups and down during the past few years. After recording a single-digit YoY growth in 2019, the mobile revenue recorded a single-digit YoY decline in 2020.
The US mobile phones market experienced small declines during the historic period. The performance has been volatile with growth reported in 2019 followed by a drop in value during 2020. Strong and stable growth is expected to return over the forecast period and offset declining revenues experienced in recent years.
The US mobile phones market has saturated due to the high penetration of smartphones in the country. This weakens market growth as there is little value that can be generated from new mobile subscribers. However, data usage has been increasing due to the expansion of smartphones, the availability of various rate plans and the proliferation of high-speed data services. Mobile data services have added value to mobile packages and driven market growth.
Market rivalry
There is a high degree of rivalry within the US mobile phones market. There are only three mobile network operators (MNO) that provide cellular and mobile broadband services in the US: AT&T, Verizon and TMobile. These companies are highly competitive with each other, providing the same core wireless services, making it difficult to differentiate from each other. Market consolidation and the roll-out of 5G technology has intensified rivalry in recent years.
Competitive Landscape
The US mobile phone market has historically been dominated by two large mobile network operators and national telecommunication companies, Verizon and AT&T. However, a merger between the third and fourth largest mobile service companies, T-Mobile and Sprint has shaken up the competitive landscape by creating a new large T-Mobile brand which now has the customer base and network coverage to compete at the same scale as its rivals. The US mobile phones market continues to be driven by the growing demand for data, with consumption driving demand for data centric mobile packages. Therefore, leading players are competing intensely during the deployment of 5G services which is expected to drive growth in near future.
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