The global competitive local exchange carriers (CLEC) market is expected to grow at a significant CAGR during the forecast period (2024-2031). The major factors propelling the growth of the market include cost-effectiveness associated with flexibility and scalability of CLEC. Additionally, the rising application of cost-effective tariff plans and increasing demand for high bandwidth and developed telecom services. A CLEC (Competitive Local Exchange Carrier) is a local voice service provider that connects to Incumbent Local Exchange Carriers and/or other LECs to provide local exchange telecommunications services.
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The phrase comes from the Telecommunications Act of 1996, which was designed to foster competition among both long-distance and local phone service providers. It differentiates new or potential competitors from existing local exchange carriers (LECs). The key players contributing to the growth of the market include AT&T Inc., Enventis Telecom Inc., EarthLink Inc., InterGlobe Communications, among others. These market players are focusing on the adoption of various strategies such as product launches & developments, mergers and acquisitions, and partnerships and collaborations.
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Market Coverage
- Segment Covered-
o By Product Type
o By End-User
- Competitive Landscape- AT&T Inc., Enventis Telecom Inc., EarthLink Inc., and InterGlobe Communications, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Competitive Local Exchange Carriers (CLEC) market- Segmentation
By Product Type
- End-User Switch Assess Lines
- VoIP Subscriptions
By End-User
- Fiber to the Premises (FTTP)
- Terrestrial Fixed Wireless
- Copper Local Loop
- Coaxial Cable
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