Published on 22 Nov 2023 on Insider Monkey via Yahoo Finance
20 Largest Telecom Companies in The World by Revenue
In this article, we will take a look at 20 largest telecom companies in the world by revenue. If you want to skip our detailed analysis, you can go directly to 5 Largest Telecom Companies in The World by Revenue.
According to a report by Grandview Research, the global telecom services market was valued at $1.81 billion in 2022. The global telecom market is expected to grow from $1.89 trillion in 2023 to $2.87 trillion in 2030 at a compound annual growth rate (CAGR) of 6.2%. According to the report, the Asia Pacific holds 33% of the share and is expected to grow at a compound annual growth rate of 7% from 2023 to 2030. China, India, and Japan are major players in the region. The increasing integration of digital technologies has fueled the telecom market in APAC.
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