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From 2024–2031, the worldwide mobile data market is predicted to increase from an initial 2023 valuation of $565.26B at a CAGR (compound annual growth rate) of 8.9%.
The market is being propelled by a number of reasons, including the increased investment in 5G infrastructure rollout, the rising demand for internet services in both developed and emerging economies, and the ongoing trend of consumers gravitating towards smartphone devices and next-generation technologies. In the last several decades, technical advancements have been particularly significant in the worldwide communication business. An increasing number of mobile users, a greater requirement for data access, and the desire for telecommunications services with added value have all played a role in driving the market forward. In order to provide data transmission and mobile internet services, network carriers, mobile businesses, and the internet are coming together, which is changing the telecommunications industry drastically.
The ubiquitous mobile phone is rapidly evolving into a multi-function computer with enhanced processing and display capabilities. The internet has become the backbone of modern communication systems, since more and more digital lifestyle devices rely on it for optimal performance. Increases in available bandwidth, the popularity of social media and over-the-top (OTT) streaming platforms, and new technology developments like 4G/LTE have all contributed to a meteoric surge in mobile data usage.
Due to the increasing use of broadband in the global communication industry, the mobile data market is maintaining a steady growth rate. As the globe continues its digitalization trend, more and more people, governments, and businesses are depending on reliable, fast internet connections for everything from research and education to entertainment and contact center services. The mobile data industry is also expected to be propelled by the ever-increasing R&D activities. Several factors, including improvements in open-source platforms, smartphone screen and audio quality, and lightning-fast Internet Protocol (IP) networks, are driving more and more customers to the 'freemium-based' business model of over-the-top (OTT) providers, leading to a robust market and rapid adoption rate.
The mobile data market is growing at a steady rate, driven by the increasing use of broadband in the world's communication industry. Education, information, contact center services, and entertainment are becoming increasingly dependent on high-speed, continuous internet connections as the digitalization movement continues on a worldwide scale. Researchers also expect an uptick in R&D spending to propel the mobile data industry. Several factors, including improvements in open-source platforms, smartphone screen and audio quality, and lightning-fast Internet Protocol (IP) networks, are driving more and more customers to the 'freemium-based' business model of over-the-top (OTT) providers, leading to a strong increase in adoption and market growth.
Businesses and societies throughout the world have become more interconnected because to the COVID-19 epidemic. Internet use on mobile devices will rise even when the economy contracts in 2020. Maintaining the growing trend that started in 2014, GSMA Intelligence predicts that 28% of Sub-Saharan Africans will have a steady Internet connection by the end of 2020. Digital entertainment platforms and worldwide telecom service providers have capitalized on the current scenario as a result of developing business tactics and consumer preferences, while the world battles with the repercussions of the COVID-19 epidemic.
Users save private information and company records in the form of mobile data. On the other hand, there are a lot of risks and dangers associated with document management and storage. Along with its rising popularity comes a rise in security concerns related to data breaches, unexpected emergencies, application vulnerabilities, and data loss. Information security and privacy concerns have the potential to reduce income for certain companies, including financial services, academics & research, and federal government departments. The trust of the company's executives can be severely damaged as a result. Criminal charges and potential legal repercussions may result from this. Cybercriminals are able to steal sensitive firm information and conduct illicit operations since databases and the cloud often store sensitive data and information. Therefore, during the projected time frame, security and privacy concerns are expected to hinder the growth of the market.
Report Coverage
Global Mobile Data research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Mobile Data report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Mobile Data competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Mobile Data market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Mobile Data market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Mobile Data market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AT&T Inc.; China Telecom Corp., Ltd.; Deutsche Telekom AG; Vodafone Group Plc; Verizon Communications Inc.; Nippon Telegraph and Telephone Corporation (NTT); Telefonica SA; KT Corporation; Reliance Jio Infocomm Limited; Orange SA
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Mobile Data market based on the below-mentioned segments:
Global Mobile Data Market, By Transmission
Wireline
Wireless
Global Mobile Data market, By Service type
Basic communication
Value added
Global Mobile Data Market, By End User
Consumer/Residential
Business
Global Mobile Data market, Regional Analysis
The market is being propelled by a number of reasons, including the increased investment in 5G infrastructure rollout, the rising demand for internet services in both developed and emerging economies, and the ongoing trend of consumers gravitating towards smartphone devices and next-generation technologies. In the last several decades, technical advancements have been particularly significant in the worldwide communication business. An increasing number of mobile users, a greater requirement for data access, and the desire for telecommunications services with added value have all played a role in driving the market forward. In order to provide data transmission and mobile internet services, network carriers, mobile businesses, and the internet are coming together, which is changing the telecommunications industry drastically.
The ubiquitous mobile phone is rapidly evolving into a multi-function computer with enhanced processing and display capabilities. The internet has become the backbone of modern communication systems, since more and more digital lifestyle devices rely on it for optimal performance. Increases in available bandwidth, the popularity of social media and over-the-top (OTT) streaming platforms, and new technology developments like 4G/LTE have all contributed to a meteoric surge in mobile data usage.
Due to the increasing use of broadband in the global communication industry, the mobile data market is maintaining a steady growth rate. As the globe continues its digitalization trend, more and more people, governments, and businesses are depending on reliable, fast internet connections for everything from research and education to entertainment and contact center services. The mobile data industry is also expected to be propelled by the ever-increasing R&D activities. Several factors, including improvements in open-source platforms, smartphone screen and audio quality, and lightning-fast Internet Protocol (IP) networks, are driving more and more customers to the 'freemium-based' business model of over-the-top (OTT) providers, leading to a robust market and rapid adoption rate.
The mobile data market is growing at a steady rate, driven by the increasing use of broadband in the world's communication industry. Education, information, contact center services, and entertainment are becoming increasingly dependent on high-speed, continuous internet connections as the digitalization movement continues on a worldwide scale. Researchers also expect an uptick in R&D spending to propel the mobile data industry. Several factors, including improvements in open-source platforms, smartphone screen and audio quality, and lightning-fast Internet Protocol (IP) networks, are driving more and more customers to the 'freemium-based' business model of over-the-top (OTT) providers, leading to a strong increase in adoption and market growth.
Businesses and societies throughout the world have become more interconnected because to the COVID-19 epidemic. Internet use on mobile devices will rise even when the economy contracts in 2020. Maintaining the growing trend that started in 2014, GSMA Intelligence predicts that 28% of Sub-Saharan Africans will have a steady Internet connection by the end of 2020. Digital entertainment platforms and worldwide telecom service providers have capitalized on the current scenario as a result of developing business tactics and consumer preferences, while the world battles with the repercussions of the COVID-19 epidemic.
Users save private information and company records in the form of mobile data. On the other hand, there are a lot of risks and dangers associated with document management and storage. Along with its rising popularity comes a rise in security concerns related to data breaches, unexpected emergencies, application vulnerabilities, and data loss. Information security and privacy concerns have the potential to reduce income for certain companies, including financial services, academics & research, and federal government departments. The trust of the company's executives can be severely damaged as a result. Criminal charges and potential legal repercussions may result from this. Cybercriminals are able to steal sensitive firm information and conduct illicit operations since databases and the cloud often store sensitive data and information. Therefore, during the projected time frame, security and privacy concerns are expected to hinder the growth of the market.
Report Coverage
Global Mobile Data research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Mobile Data report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Mobile Data competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Mobile Data market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | AT&T Inc.; China Telecom Corp., Ltd.; Deutsche Telekom AG; Vodafone Group Plc; Verizon Communications Inc.; Nippon Telegraph and Telephone Corporation (NTT); Telefonica SA; KT Corporation; Reliance Jio Infocomm Limited; Orange SA |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Mobile Data Market from 2021 to 2031.
- Market Forecast for Mobile Data Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Mobile Data competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Mobile Data
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Mobile Data market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Mobile Data market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AT&T Inc.; China Telecom Corp., Ltd.; Deutsche Telekom AG; Vodafone Group Plc; Verizon Communications Inc.; Nippon Telegraph and Telephone Corporation (NTT); Telefonica SA; KT Corporation; Reliance Jio Infocomm Limited; Orange SA
Primary Target Market
- Market Players of Mobile Data
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Mobile Data market based on the below-mentioned segments:
Global Mobile Data Market, By Transmission
Wireline
Wireless
Global Mobile Data market, By Service type
Basic communication
Value added
Global Mobile Data Market, By End User
Consumer/Residential
Business
Global Mobile Data market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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