Wholesale Telecom Industry - Regional Synopsis
North American Market Forecast
North America industry is predicted to dominate majority revenue share of 43% by 2037. The regional growth is attributed to the factor that there is a well-advanced telecommunication infrastructure with continuous development going on in the telecom industry. North America region has many wholesale voice carriers that lead to boost the market growth.
The US has a significant role in the wholesale telecom industry due to its advanced network capabilities and large consumer base. The county has a large number of multinational corporations and major technological hubs that further promote international voice communication services. According to a source, of the 2,190 MNCs, 719 are based in the US, representing approximately one-third of all companies.
In Canada, ongoing research and innovation in the telecom sector with a flexible regulatory framework stimulate wholesale telecom market growth of wholesale telecom. As per the source, total annual revenues from the provision of telecommunications services in Canada were USD 57.2 billion in 2022.
APAC Market Analysis
The Asia Pacific region will also encounter huge growth for the wholesale telecom market during the forecast period and will hold the second position. The market’s expansion can be attributed to the huge amount of investments made in 5G network infrastructure and an increasing number of mobile phone users. According to a recent report, in 2022, the smartphone adoption rate across the Asia-Pacific region reached 76 percent, an increase from 64 percent in 2019.
India is witnessing huge demand for international voice services due to rising levels of urbanization and expanding economies. In addition, with the expansion of cloud communication, wholesale voice carriers are providing better voice termination services and interconnectivity. Furthermore, businesses are dependent on cloud-based platforms and this leads to partnerships with cloud-based providers to enhance their service offerings. It provides flexibility to wholesale carriers to increase the user base which boosts the growth of wholesale telecom market
