Harrisburg, NC -- (SBWIRE) -- 08/20/2018 -- The global telecom towers market is expected to register a CAGR of 17.63% during the forecast period.
Report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Telecom Towers production region, major players, and product type which will provide a simplified view of the Telecom Towers industry. The Telecom Towers market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Telecom Towers market which will help the emerging market segments in making vital business decisions.
Global Telecom Towers Market by Top Manufacturers (2018-2023): American Tower Corporation, Helios Towers Africa, Bharti Infratel, China Tower Corporation, SBA Communications, AT&T Towers, Crown Castle International Corporation, T-Mobile Towers, GTL Infra.
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Essential points covered in Telecom Towers Market 2018 Research are:-
- What will the market size and the growth rate be in 2023?
- What are the key factors driving the Telecom Towers market?
- What are the key market trends impacting the growth of the Telecom Towers market?
- What are the challenges to market growth?
- Who are the key vendors in the Telecom Towers market?
- What are the market opportunities and threats faced by the vendors in the Telecom Towers market?
- What are the key outcomes of the five forces analysis of the Telecom Towers market?
This independent 101 pages report guarantees you will remain better informed than your competition. With figures examining the Telecom Towers market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2023.
Growing Connecting/Improving Connectivity to Rural Areas
The annual data usage through wireless networks has been increasing rapidly, promoting the smartphone penetration considerably. The adoption of broadband services can improve the economy in rural areas by increasing income, creating jobs, and by lowering unemployment rates. Over the last five years, there has been a drastic increase in the number of mobile phones that led to a steady rise in data traffic, gradually. According to the Cisco Virtual Networking Index, global mobile data grew by 63% in 2016, as compared to 2015. Nearly 425 million mobile devices and cellular connections were added in 2016, while smartphones led the growth of these devices. According to Ericsson, the total number of IoT connected devices is expected to reach beyond 20 billion by 2023.
Accelerating Growth in the Monopole Tower Type
The emergence of new technologies is creating a demand for additional facilities and introduction of new elements. Telecommunication has become essential for the modern society. Monopoles are of two kinds and are prominently used for video surveillance, crime prevention, flood light, and metrological equipment, among others. The monopole market is expected to grow at a faster rate, owing to its aesthetically pleasing structure and its popularity in wireless communication industry.
Asia-Pacific to Dominate the Growth of the Market
Asia-Pacific accounts for the highest volume of towers in the market, accounting for around 71.92% of the total towers in 2017. High penetration of smart devices is leading to high consumption of data in developing countries, such as China and India, which is driving the growth of the market in the region. Asia-Pacific accounts for more than 50% of the total internet users across the globe. Asia-Pacific had around 3.05 million towers in 2016, and is expected to increase over the forecast period, with companies like Edotco and OCK Group planning for further expansion.
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Key Developments in the Market
- November 2017: American Tower Corporation entered into definitive agreements with Vodafone India Limited and Idea Cellular Limited through which it is expected to add an aggregate of approximately 20,000 communications sites to its existing Indian portfolio.
- November 2017: AT&T Towers, Verizon, and Tillman Infrastructure collaborated to build hundreds of cell towers, with the potential for new site locations in the future. They are expected to serve as opportunities for the carriers to relocate equipment from current towers.
- November 2017: AT&T Towers and Shell signed an agreement for the provision of managed communications and network integration services for Shell, globally. The company is expected to provide strategic services - network management and integration, global voice and data services, security, video, and collaboration, which are estimated to drive cost efficiencies while enabling a more agile, future-ready IT landscape
- November 2017: Crown Castle International Corporation acquired LTS Group Holdings LLC that owns or has rights to approximately 32,000 route miles of fiber, located primarily in top metro markets in the Northeast, including Boston, New York, and Philadelphia. With the addition of Lightower, the company owns or has rights to over 60,000 route miles of fiber.
- November 2017: T-Mobile announced plans to launched License Assisted Access (LAA) on small cells to add capacity and speed, and further increase the density of its network.
- August 2017: Helios Towers Africa entered into an agreement with Zanzibar Telecom PLC for the acquisition of unique sites of their mainland tower portfolio.
- June 2017: AT&T Towers and China Telecom signed a framework agreement to develop advanced network services for multinational companies doing business in China.
Reasons to Purchase This Report
- To know how the telecom towers market is expected to change the dynamics.
- To analyze various perspectives of the market with the help of Porter's five forces analysis.
- To know as to which Installation segment is expected to dominate the market.
- To know about the regions that are expected to witness fastest growth during the forecast period.
- To identify the latest developments, market shares, and strategies employed by major market players
- Three months analyst support, along with the Market Estimate Sheet (in excel).
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