Press
Release

Telecom Towers Market Players Find Prominent Demand Avenues with Worldwide Increase in Use of Smartphones: TMR

• The global telecom tower market is estimated to gain lucrative sales avenues and gain the value of US$ 240.6 Bn by 2030 end.
• Increased use of smartphones in China and India are projected to help in generating prominent revenues in Asia Pacific telecom tower market during the upcoming years.

Transparency Market Research, New York: Telecommunication tower is used to hold receivers and antennas, which find application in various services including wireless communication as well as data transfer. A telecommunication tower is considered as one of the important factors to achieve smooth operations of mobile services. These towers are used in the transmissions of signals toward the mobile device. Thus, they are integral part of the mobile network.

The global telecom tower market is foreseen to show growth at a notable CAGR of ~5% during the forecast period of 2020 to 2030. Key reason for this growth is the thriving telecom sector specifically in developing nations including China and India.

Apart from this, the increased technological advancements, growing investments in telecom sector, launch of various advanced-generation data networks, such as 3G, 4G, and 5G will boost the telecom tower market growth in the years ahead.

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Key Findings of Telecom Tower Market Report

• The global telecom tower market will show grow that moderate pace and reach to the valuation of US$ 240.6 Bn by 2030 end.
• Geographically, Asia Pacific is foreseen to remain prominent region during the forecast period of 2020 to 2030.
• The global telecom tower market is characterized by moderately fragmented landscape.

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Telecom Tower Market: Key Driving Factors and Promising Avenues

• Owing to emergence of mobile telephony, there is substantial growth in the demand for mobile airwaves and radio communication in all worldwide locations. This factor is fueling the growth of the global telecom tower market.
• Rising urbanization is one of the key factors stimulating development avenues in the market.
• Increased globalization has highlighted the rising need for telecommunication activities in worldwide locations. As a result, there is remarkable increase in the installation of telecom towers in rural and urban areas. This activity is helping in gaining uninterrupted communication and superior connectivity.
• The government bodies of many countries are growing their investment in the telecom infrastructure development. Key reason for this situation is remarkable growth in the number of subscribers and tele-density in worldwide locations, particularly in rural regions. This factor is boosting the growth of the global telecom tower market.

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Telecom Tower Market: Competitive Assessment

Industry leaders are growing focus on innovating their products. They are concentrated on advancing the performance and efficiency of their products. To achieve this purpose, they are incorporating newer technologies and adopting sustainable solutions.

This aside, several enterprises are engaged in collaboration activities with municipal corporations and other government agencies. These moves are helping them grow their business at rapid pace.

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The global telecom tower market is witnessing increased number of acquisition activities. Using this move, major players are maintaining their prominent position in this market.

Gamut of enterprises operating in the global telecom tower market are increasing efforts to advance their customer experience. At the same time, they are investing to achieve employee engagement. These moves are helping vendors to form a strong foothold in the present highly competitive landscape of the global telecom tower market.

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The list of important players in the global telecom tower market includes following names: Helios Towers Africa, Bharti Infratel Limited, SBA Communications Corporation, American Tower Corporation, GTL Infrastructure Ltd, AT&T Inc., Phoenix Tower International, T-Mobile Towers, China Tower Corporation, and Crown Castle International Corporation.

The Telecom Tower Market can be segmented as follows:

Tower

• Guyed Towers
• Monopole Towers
• Stealth Towers
• Lattice Towers
• Others (including Camouflage Towers and Mobile Towers)

Ownership

• Telecom Operator Owned/MNO
• TowerCo
• Joint Venture /ESCO

Installation

• Rooftop
• Ground Mounted

Region

• North America
• Europe
• Latin America
• Asia Pacific
• Middle East & Africa

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