Growth Opportunities in the US Telecom Services Market
The US telecom services market is projected to grow from US$534.9 billion in 2024 to US$848.8 billion by 2031, at a CAGR of 6.8%. This growth is driven by the increasing adoption of bundled services, such as internet, TV, and mobile, offering cost-effective solutions for customers. Key factors contributing to market expansion include the rise of mobile data services, the shift to 5G networks, and the widespread use of messaging apps over traditional SMS. The telecom sector is also benefitting from cloud computing adoption, particularly in healthcare and education, driving digital transformation and innovation across industries.