PUNE, MAHARASHTRA, INDIA, March 31, 2022 /EINPresswire.com/ — In terms of revenue, the global telecom tower market was valued at US$52,241.02 million in 2021, growing at an estimated CAGR of 14% over the forecast period. Over the past two decades, the telecommunications sector has experienced immense growth. Telecommunication towers, initially installed for broadcasting purposes, now serve several needs, including Internet services. This has only been possible due to technological advancements over the past 20 years. The market which gained momentum after the introduction of 2G, ie second generation mobile telecommunications, experienced significant growth with the launch of 3G Internet services. Many telecom operators have tried and succeeded in attracting new consumers by offering high-speed Internet access and improved voice quality at a cheaper rate. Currently, many countries have 4th generation connectivity. On the other hand, some of the major countries are enjoying 5G connectivity which is pushing the telecom tower market forward.
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As more and more people buy smartphones and use the internet, the demand for better network and high-speed internet keeps increasing. This demand is further multiplied by the introduction of new era smartphones which are built with the latest technologies especially for the use of high quality network. The COVID-19 pandemic has proven to be a blessing in disguise for the telecom tower market. While most of the world was shut down, the majority of the population was forced to stay at home and the only way to connect to the outside world was through the internet. Moreover, the rise of several OTT platforms has directly created a demand for high-speed network, which has ultimately benefited the telecom tower market.
The growth of the market is positively impacted after the introduction of Internet of Things (IoT) in the telecommunication towers which are currently being installed. As a result, towers can now offer multi-channel frequencies, which ensures better network quality in terms of connectivity and transfer rates. The IoT brings several benefits, such as real-time monitoring and access to security devices.
Meanwhile, in terms of the highest market share, the North America region dominated. This is mainly due to the presence of several telecommunications operators, which creates competition resulting in more offers for consumers. All this contributes to the growth of the telecommunication tower market.
The detailed research study provides qualitative and quantitative analysis of the Global Telecommunication Towers Market. The market has been analyzed from the demand side as well as the supply side. The demand side analysis covers market revenue across all regions and major countries. The supply analysis covers the major market players along with their regional and global presence and strategies. The geographic analysis performed focuses on each of the major countries in North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
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Key Findings – Global Telecom Tower Market:
• Today, many countries use high-speed Internet services, thanks to technological advances as evidenced by the market for telecommunications towers.
• The telecom tower market manages not only to sustain but also to grow in times of COVID-19 pandemic.
• Rising demand for call quality and high-speed internet is driving the telecommunication tower market.
• The introduction of IoT will certainly boost the growth of the telecom tower market and solve the multiple prevailing problems.
Few players operating in the global telecommunication towers market are listed below:
• ATC IP LLC
• Atlas Tower Group
• BENTLEY SYSTEMS, INCORPORATED
• Carl C.
• China Tower Corporation Limited
• Deutsche Telekom AG
• Helios Towers plc
• Phoenix Tower International
• Ramboll Group A/S
• Communication company SBA
• Swan Group Limited
• T‑Mobile USA, Inc.
• Observation towers
• Other market players
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Global telecommunications market
• Telecommunication towers
o Acquisition and Planning
o Design and construction
o Installation and Integration
• Lattice Tower
• Monopoly Tower
• Guyed tower
• Ground based
By end users
• Public entities
• Private entities
By business model
• Operator-led Towercos
• Independent Towercos Pureplay
• Infraco joint venture
• MNO captive sites
• North America (United States, Canada, Mexico, rest of North America)
• Europe (France, United Kingdom, Spain, Germany, Italy, Nordic countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, Netherlands, Luxembourg), Rest of Europe
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
• Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Kuwait, South Africa, Rest of Middle East and Africa)
• Latin America (Brazil, Argentina, rest of Latin America)
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