LONDON, Sept. 6, 2016 /PRNewswire/ -- Wireless telecom services operate and maintain switching and transmission facilities to provide telecommunications services via airwaves. The services provided by the companies in this industry are cellular phone services, wireless internet access, and wireless video.
The Americas was the largest geographic market in the wireless telecom services market in 2015, accounting for $xx billion or xx% of the global market. The Americas is the largest market because of high internet penetration, access to smart phone devices and advancements in wireless technology.
Asia was the second largest geographic market, accounting for $xx billion or xx% of the global market. Europe was the third largest geographic market, accounting for $xx billion or xx% of the global market. The Middle East & Africa accounted for xx% and $xx billion, while Oceania accounted for xx% of the global wireless telecom services market.
Global per capita wireless telecom services consumption grew from $xx in 2011 to $xx in 2015 at a CAGR of xx% and is expected to grow to $xx in 2019 at a CAGR of xx% due to decreasing in wireless telecom service rates and technological advances such as 5G.
The biggest forthcoming change in the telecoms industry is the emergence of fifth-generation mobile networks (5G). 5G is expected to be much quicker than the present 4G. It will be some years before this technology becomes commercially available. The new generation mobile network is likely to provide the capacity needed to support the IoT(Internet Of Things) revolution. Low latency is another important feature expected from 5G.
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