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Communication Services - GCC

GCC
  • Revenue in the Communication Services market is projected to reach US$27.0bn in 2025.
  • Mobile Data dominates the market with a projected market volume of US$12.4bn in 2025.
  • Revenue is expected to show an annual growth rate (CAGR 2025-2029) of 1.48%, resulting in a market volume of US$28.6bn by 2029.
  • In global comparison, most revenue will be generated United States (US$342bn in 2025).

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Nov 2024

Source: Statista Market Insights

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Nov 2024

Source: Statista Market Insights

Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

Most recent update: Mar 2024

Key Players

Most recent update: Mar 2024

Source: Statista Market Insights

Network Coverage

Most recent update: Mar 2024

Source: Statista Market Insights

Analyst Opinion

The communication services market is shaped by continuing developments in technology. These developments enable ever faster data transmission rates, both for landline and mobile phone sectors, and are considered one of the main drivers of digitalization. Since competition is fierce in the communication services market, revenue growth in the field of data transmission services can primarily be traced back to a general increase in access to the internet. At the same time, voice and video calls using the internet are now replacing classic landlines and mobile phone speech technology systems using the public telephone network. This results in declining revenues in these sectors in almost every country.

Global Comparison

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Nov 2024

Sources: Statista Market Insights, IMF, Financial Statements of Key Players, ITU - International Telecommunication Union, National statistical offices

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the revenues of telecommunications providers generated by end consumers and enterprises.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use financial statements of key players, national statistical offices, and telecommunications regulatory authorities. In addition, we use relevant key market indicators and data from country-specific associations, such as the number of fixed broadband subscriptions, the number of telephone subscriptions, the number of mobile broadband connections, the number of cellular subscriptions, and the GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

Technology

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Communication Services: market data & analysis - BackgroundCommunication Services: market data & analysis - Cover

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Jan 2025

Source: Statista Market Insights

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Telecommunications services - statistics & facts

Telecommunications networks are the vital infrastructure that keeps the world connected. In both work and play, these networks enable consumers and businesses to meet the demands of a digital society, whether it’s hybrid working, online gaming, or video calling friends abroad. As reliance on internet connectivity continues to increase, the spotlight is on the implementation of the next-generation networks underpinning the most exciting developments in technology, from artificial intelligence to the Internet of Things.
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