Telecom Tower Market Estimated to Exceed 5.51 Million Units Globally By 2027: IMARC Group

IMARC Group's latest research report, titled "Telecom Tower Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global telecom tower market reached a volume of 4.47 Million Units in 2021. Looking forward, IMARC Group expects the market to reach a volume of 5.51 Million Units by 2027, exhibiting a CAGR of 3.50% during 2022-2027. A telecommunication tower is a tall steel tower that provides services of data and connection to the masses through private ownership, rented or shared infrastructure, or joint ventures. It houses a transceiver unit at the top that is connected to thousands of mobile phones and the mobile telephone switching office (MTSO). Additionally, it offers a large spectrum of multi-channel frequencies for phones in the network area, thereby allowing faster data transfer rates and better connectivity.

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Important Attribute and highlights of the Report:

Detailed analysis of the global market share
Market Segmentation by type of tower, fuel type, installation and ownership.
Historical, current, and projected size of the market in terms of volume and value
Latest industry trends and developments
Competitive Landscape for Telecom Tower Market
Strategies of major players and product offerings

The market is primarily driven by substantial growth in network traffic and data usage across the globe. This can be attributed to the increasing number of smartphone users and remote working conditions. Apart from this, the rising tie-ups between government agencies and municipal corporations are also acting as a significant growth-inducing factor for the market. Some of the other factors providing an impetus to the market growth include rapid urbanization, fiber telecommunications tower upgrades, rising investments in advanced 5G data networks and internet of things (IoT), and fierce competition among service provider companies.

Key Players Included in Global Telecom Tower Market Research Report:

American Tower Corporation
AT&T Inc
Cellnex Telecom S.A.
China Tower Corporation Limited
Crown Castle
GTL Infrastructure Limited
Helios Towers plc
IHS Holding Limited
Indus Towers Limited (Bharti Airtel)
SBA Communications Corporation
Telesites S.A.B de C.V.
Viom Networks.

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COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Key Market Segmentation:

Breakup by Type of Tower:

Lattice Tower
Guyed Tower
Monopole Towers
Stealth Towers

Breakup by Fuel Type:

Renewable
Non-Renewable

Breakup by Installation:

Rooftop
Ground-Based

Breakup by Ownership:

Operator-Owned
Joint Venture
Private-Owned
MNO Captive

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

TOC for the Telecom Tower Market Research Report:

Preface
Scope and Methodology
Executive Summary
Introduction
Global Telecom Tower Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.