Global Telecom Towers Market
Telecom Tower Market Size And Forecast
According to Verified Market Research, The Global Telecom Tower Market was valued at USD 39.47 Billion in 2018 and is projected to reach USD 114.06 Billion by 2026, growing at a CAGR of 14.54% from 2019 to 2026.
Global Telecom Towers Market Outlook
A rapidly increasing rate of urbanization has led to the upsurge in the development as well as the adoption of technology increase in the smartphone penetration because of which there is a growth in the annual data usage through wireless networks worldwide. This led to an improvement of the overall economy, especially with respect to rural areas through the facilitation of increasing income. Therefore, increased penetration of telecom towers in rural and off-grid areas is considered as one of the major driving factors for the growth of this market in the forecast period allowing for the creation of jobs and lowering of unemployment rates in such areas.
With the increasing number of cell phone subscribers comes the increasing number of telecom service providers and leads to the growth of public exposure to radio waves from telecommunication towers in general. This has sparked discussion regarding the harmful effects of high-frequency radio waves on both humans as well as the environment.
Global Telecom Tower Market, Competitive Landscape
The Global Telecom Tower Market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include AT&T, American Tower Corporation, Helios Towers Africa, Bharti Infratel, China Tower Corporation, SBA Communications, Crown Castle International Corporation, and T-Mobile Towers.
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