NEW YORK, Aug. 29, 2016 /PRNewswire/ -- Wired telecom services provide local and long-distance voice calling, sound and video transmission, cable TV and internet services over fixed-line networks. Companies in the wired telecommunications industry may own and maintain networks, share a network or lease a network from other companies.
Europe was the largest geographic market in the wired telecom services market in 2015, accounting for $xx billion or xx% of the global market. This was mainly due to comparatively high fixed line service penetration in Europe compared to other regions.
Asia was the second largest geographic market, accounting for $xx billion or xx% of the global market.
The Americas was the third largest geographic market, accounting for $xx billion or xx% of the global market.
Oceania accounted for xx% and $xx billion, while the Middle East and Africa accounted for xx% of the global wired telecom services market.
Global per capita wired telecom services 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%. The low growth rate is mainly because of the shift in consumer preferences from wired telecom services to wireless telecom services.
Wired telecommunications companies are offering additional services to their consumers instead of limiting their service offerings to fixed line and DSL internet services. Companies are shifting towards a multi-function system by adding services such as internet broadband and television satellite connection in their offering. Thus, a consumer receiving internet and voice telephony is more likely to subscribe to IPTV, video on demand and pay television services. For example, AT&T acquired DirecTV pay-tv services to increase offerings to their customers.
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