The global telecom tower market is anticipated to grow at a CAGR of 3.4% during the forecast period. The major factors behind the growth of the market include the increasing work from home population and increasing consumption of video content downloads, streaming on the social media platforms. All these factors will fuel the growth of the market during the forecast period.
According to the telecom exchange websites, around 250,000 towers were erected globally in 2020, with emerging economies like China and India having most of the tower installations. Due to the recent COVID-19 pandemic, the work from home culture has increased the need for high-speed internet and better communications. Due to these factors, there will be significant growth in the market during the forecast period. On December 2020, American Tower Corporation completed the acquisition of InSite Wireless Group LLC for US $3.5 billion. There has been an increase in the operator-owned towers across the globe. Today, there are more than 2 million telecom towers in place, which are owned by the operators. These telecom towers infra companies have multiple mobile network operators (MNOs) as their clients, providing further growth in the market during the forecast period. According to the American Tower Corporation, in 2020, India had the most number of towers, which are operator owned and are around 74,732 followed by the US which stands at 27,058. All these factors combined will fuel the growth of the market significantly during the forecast period. According to the Communications Monitoring Report 2020, the average monthly consumption of data will increase to 2.9 gigabytes per month. Some of the key global players in the telecom tower market include Bharti Infratel Limited, AT&T, Inc., Helios Towers Africa, American Tower Corporation, Verizon, SBA Communications Corporation, and many others.
A full report of Telecom Tower Market is available at: https://www.omrglobal.com/industry-reports/telecom-tower-market
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Type of Tower
o By Installation
o By Ownership
- Competitive Landscape -Bharti Infratel Limited, AT&T, Inc., Helios Towers Africa, American Tower Corporation, Verizon, SBA Communications Corporation, and many 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?
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/telecom-tower-market
Global Telecom Tower Market
By Type of Tower
- Lattice Tower
- Guyed Tower
- Monopole Tower
- Stealth Tower
By Installation
- Ground Based
- Rooftop
By Ownership
- Operator owned
- Joint venture
- Privately owned
- MNO captive
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
