LONDON, Aug. 29, 2016 /PRNewswire/ -- The telecommunications (telecom) industry is a part of the information and communication technology industry. The industry is primarily engaged in operating and providing access to facilities for the transmission of voice, data, text and video.
The Americas was the largest geographic region in the telecom market in 2015, accounting for $xx billion or xx% of the global market. The Americas is the largest market because of high internet penetration, access to smart phone devices and advancements in the technology.
Asia was the second largest geographic market, accounting for $xx billion or xx% of the global market.
Europe was the third largest geographic market, accounting for $xx billion or xx% of the global market.
The Middle East and Africa accounted for xx% and $xx billion, while Oceania accounted for xx% of the global telecom market.
Global per capita telecom consumption grew from $xx in 2011 to $xx in 2015 at a CAGR of xx% and is expected to grow to $xx in 2019 at a CAGR of xx%. Per capita average telecom expenditure will increase due to innovative technology advances focused on mobile technologies, wireless broadband services, and internet of things (IoT). The decline in per capita telecom expenditure in 2015 was mainly due to shift in consumer preferences to OTT applications such as Skype and WhatsApp, thereby declining voice revenues.
Internet TV is gaining acceptance and being preferred by customers in the developed markets. The traditional pay-TV industry has been facing severe competition from online video streaming service providers. The low-cost video streaming service providers are threatening the pay-TV business model and forcing traditional pay-TV service providers to offer internet TV services to their subscribers. For example, DISH Network Corp. has launched the internet TV service Sling TV along with their pay-TV services.
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