Market to Reach US $673 Billion in 2017

Lucintel's Analysis Outlines Moderate Growth for Global Wireline Telecommunication Industry: Market to Reach US $673 Billion in 2017

The global wireline telecommunication services market is expected to witness moderate growth over the forecast period of 2012-2017 and reach an estimated US $673 billion in 2017 with a CAGR of 2.2% over the at once five years.

The wireline telecommunication industry consists of voice telephony and other non-voice information transmission using fixed lines to put it more exactly than wireless systems.The services and products include voice, broadband video and data and network access. The industry is consolidated both in terms of key players and suppliers. The European region currently dominates this market.

The wireline telecommunication services market witnessed slow growth while the last five years due to reduced usage and consumers' switchover to alternate technologies, just as wireless and VoIP (Voice over Internet Protocol).The Asia Pacific region grew the fastest while the last five years, followed by Rest of the Worldand North America. Advanced digital modulation technologies and fiber extensions to support straightway-generation data and video services were growth drivers. APAC is expected to witness strong subscriber growth due to increasing numbers of subscribers in China and India.

Declining demand for telephone lines and wireless innovation are some of the challenges facing the industry. Technological improvements and liberalization of the international wireline telecommunications services and IP innovation are likely to boost the wireline telecommunication industry.

Lucintel's study provides an overview of the global wireline telecommunication services market. The report tracks two market segment for four regions; along these lines, it tracks eight segments of the global wireline telecommunication services market. The report is limited to wireline telecommunication services including landline, other information transmission through fixed lines including local and long-distance voice, switched access, IP, and Internet access.