ALBANY, New York – May 26, 2015 – ResearchMoz has announced the addition of a recent market study based on the U.S. telecom market to its vast base of research reports. The market study discusses the increased competition among telecom service providers for data services.
According to the market study, the total revenue generated by the telecom market in the U.S. was US$415 billion in 2014, reporting a year-on-year increase of 2.4%. The revenue produced by the telecom industry in the U.S. is the highest compared to other leading nations across the globe. Telecom revenue of the U.S. is more than twice the revenue generated in second-ranked China, which currently possesses one of the fastest growing telecom industries in the world.
The market study, titled “U.S.: Increased competition for data services to continue; as M&As set to drive the content revenues and reach for the telcos”, notes that the rapid increase in mergers and acquisitions among market players is adding significantly to revenue generation, expanding their horizons.
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The report offers a comprehensive overview of the existing telecommunications market in the U.S., with detailed quantitative and qualitative analysis based on key indicators for a forecast period of 5 years from 2014 to 2019. It also provides valuable insights into the telecom market in the U.S., assessing key market trends and evaluating future prospects as well as risk factors.
As stated in the report, telecom operators in the U.S. are investing huge amounts to expand network capacity so as to meet rising demand for data. The increasing pressure induced by price cuts by Sprint and the aggressive Uncarrier campaign by T-Mobile are affecting the businesses of key market players AT&T and Verizon. As a result of the extensive rise in competition, the market share of Verizon is likely to decline marginally during the forecast period. Market experts estimate the market share of Verizon to drop to 34.2% by 2019.
Broadband penetration in the U.S. has continued its dominance when compared to other nations such as Japan, China, and Russia, with an overall penetration of 29.9% by the end of 2014. Apart from this, the pay-TV market in the U.S. generated revenue amounting to US$103 billion in service, with household penetration of 84.9% and around 101.8 million subscriptions by the end of 2014, states the research report.
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Telecommunications Market Research Reports & Industry Analysis
The market study provides a complete picture of the telecom market in the U.S., presenting critical data and information to the participants, consultants, and stakeholders operating in the market that help them better understand the market and prepare benefitting strategies in order to gain a competitive edge over peers.
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