Increase In M-Payments Drives The Wireless Telecom Market

Posted by sainath on August 29th, 2018

Wireless telecommunication carriers 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.

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The global wireless telecommunication carriers market has shown a modest growth in the past years with a CAGR of over 3%. The year 2017 recorded highest ever growth in this market with a net value of USD 1 trillion as per TBRC’s inhouse consultants.

TBRC’s latest report show historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report expects the wireless telecommunication carriers service market to grow at a higher CAGR till 2021 as compared to 2017. Geographies best suited for investments with highest return rate are also mentioned in the report.

Sample report:

The number of people using mobile payments to pay for goods and services at the point of sale is expected to increase significantly. Particularly in the USA, mobile payment sales are expected to grow exponentially because of the growth in the number of overall users of technology.

Mobile wallets like Apple Pay, Android Pay and Samsung Pay are likely to become a standard feature on new smartphones, according to e-Marketer research. Increasingly, merchants are also likely to adopt point-of-sale systems that can accept mobile payments. To encourage and promote the use of m-payments, incentives like promotions and loyalty programs will be integrated to attract new users.

TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this booming market.

Companies that are included in the report are AT&T, China Mobile, Verizon Communications, Deutsche Telekom AG, and Telefonica S.A.

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