The U.S. telecom services market size was estimated at USD 468.08 billion in 2023 and is expected to grow at a CAGR of 6.6% from 2024 to 2030. The presence of major telecom service providers in the United States, such as Verizon, AT&T, and T-Mobile, along with several others, is expected to drive market expansion in the coming years. These companies are engaged in mergers & acquisitions, as well as product launch activities, to drive their revenue shares. Furthermore, these companies are expanding their geographical presence across the country through the installation of towers and the establishment of R&D centers, aiding market expansion. For instance, in January 2024, DISH Wireless received a substantial grant of USD 50 million from the U.S. Department of Commerce's National Telecommunications and Information Administration for developing the Open RAN Center for Integration & Deployment (ORCID).

 

U.S. Telecom Services Market Segments Highlights:

 

  • In terms of transmission, the wireless segment accounted for the largest revenue share of 75.9% in 2023. There has been rapid growth in the deployment of Wireless Local Area Networks (WLANs), especially in public spaces, such as airports, cafeterias, and office buildings. 
  • The consumer/residential segment accounted for the largest revenue share of 58.0% in 2023 on account of the rising usage of smartphones as well as the growing popularity of smart homes in the United States.
  • Based on services, the mobile data services segment accounted for the largest revenue share of 33.5% in 2023 aided by the rapidly rising usage of smartphones among consumers.

 

Browse through Grand View Research's Communication Services Industry Research Reports.

 

Segments Covered in the Report

This report forecasts revenue growth at the country level and provides an analysis of the latest trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the U.S. telecom services market report based on service type, transmission, and end-use:

  • Service Type Outlook (Revenue, USD Million, 2017 - 2030)
    • Fixed Voice Services
    • Fixed Internet Access Services
    • Mobile Voice Services
    • Mobile Data Services
    • Pay TV Services
    • Machine-to-Machine (Mobile IoT) Services
  • Transmission Outlook (Revenue, USD Million, 2017 - 2030)
    • Wireline
    • Wireless
  • End-use Outlook (Revenue, USD Million, 2017 - 2030)
    • Consumer/Residential
    • Business
      • IT & Telecom
      • Manufacturing
      • Healthcare
      • Retail
      • Media & Entertainment
      • Government & Defense
      • Education
      • BFSI
      • Energy & Utilities
      • Transportation & Logistics
      • Travel & Hospitality
      • O&G and Mining
      • Others

 

 

Order a free sample PDF of the U.S. Telecom Services Market Intelligence Study, published by Grand View Research.