US Telecom Services Market Size, Share and Growth Analysis
US Telecom Services Market Size and Growth
- US telecom services market size was anticipated at $584.3 Bn in 2024, growing at a year-on-year rate of 3.2%. The growth was primarily driven by significant demand for 5G services and fibre broadband services across residential and business customers.
US Telecom Services Market Share Analysis
- Prominent players in the US telecom services market are Verizon Communications, AT&T, T-Mobile US, Charter Communications, Comcast, Cox Communications, Lumen Technologies, Echostar (Dish Network), Altice USA, and Frontier Communications Corporation, among others
- Top 10 players in US telecom services market accumulates more than 60% of total market share in 2024
Top US Telecom Service Providers
- Verizon Communications
- AT&T
- T-Mobile US
- Charter Communications
- Comcast
- Cox Communications
- Lumen Technologies
- Altice USA
- Frontier Communications
- Echostar
Company Description
Verizon
- Verizon Communications offers communications, info and entertainment, and technology services and products to consumers, businesses and government organizations. The firm also offers video, data and voice services and solutions globally through its network and platforms, designed to fulfil customers’ demand for mobility, unified network connectivity and security
- Verizon operates through two business segments, including Verizon Consumer Group and Verizon Business Group
- Verizon Consumer Group: The segment offers wireline and wireless communications products and services for consumers. It also offers Fixed Wireless Access (FWA) broadband through its 5G and 4G LTE networks
- Verizon Business Group: The segment offers wireline and wireless communications products and services such as data, video and conferencing services, FWA broadband, corporate networking solutions, security and managed network services, local and long-distance voice services and network access to deliver several IoT services and products. It delivers these services and products to government customers, businesses and wireless and wireline carriers across the US
AT&T
- AT&T Inc. is a US-based telecom and technology service provider, formerly known as SBC Communications Inc. The firm operates in two different business segments, including Communications and Latin America. It is a leader in delivering connectivity services mainly through its focus areas of fiber and 5G
- The ‘Communications’ segment offers wireline and wireless broadband and telecom services to US consumers located as well as businesses worldwide. Under this segment, it covers three different sub-segments such as Mobility, Business Wireline and Consumer Wireline
- Mobility includes wireless services and equipment for the US market
- Business Wireline offers IP Voice, managed professional services, and advanced ethernet-based fiber services as well as conventional voice & data services and associated equipment to business customers
- Consumer Wireline provides broadband services, including fiber connections for residential customers and its fixed wireless access product delivers home internet services over 5G network. It also offers traditional telephony voice comm services
- The ‘Latin America’ segment delivers wireless services and equipment in Mexico
- AT&T is headquartered in Texas, US and was incorporated in 1983
T-Mobile US
T-Mobile US is a telecom service provider, offering advanced 4G LTE and 5G network in the US. The firm delivers wireless communications services across the nation. Also, it offers variety of wireless devices, including smartphones, tablets, home broadband routers, wearables, and other communication devices from third party suppliers. Additionally, it delivers wireless comms services to nearly 129.5 Mn prepaid and postpaid customers as on Dec 31, 2024.
Charter Communications
Charter Communications is a broadband connectivity organization and cable operator with services available to nearly 57 Mn household and business customers across 41 US states as on Dec 31, 2024. Additionally, it provides spectrum internet, TV, mobile and voice services for residential and business customers.
Comcast
Comcast is a global media and tech firm. It offers broadband, wireless, video and voice services. The firm operates under two segments, including connectivity & platforms and content & experiences. The connectivity & platforms segment provides broadband, wireless, video and wireline voice services in the US, UK and Italy. Also, it covers its Sky-branded entertainment TV network operations in the UK and Italy. Further, the content & experiences segment covers its media and entertainment businesses. It also owns theme parks and attractions in the US and Asia.
Cox Communications
Cox Communications is a US-based private broadband firm, offering internet, mobile, TV streaming and home phone services to ~7 Mn residential and business customers. The firm is a division of Cox Enterprises, founded in 1898.
Lumen Technologies
Lumen Technologies is a networking firm, offering services such as infrastructure, connectivity, security, media & entertainment and others. The company provides internet, on demand network services, enterprise broadband, fibre, SD WAN, VoIP, UC&C, cloud voice, broadcast solutions and others.
Echostar Corp
EchoStar is a tech, networking, TV entertainment and connectivity service provider, offering enterprise, consumer, government and operator solutions globally under its EchoStar, Boost Infinite, Boost Mobile, DISH TV, Sling TV, Hughes, HughesON, HughesNet and JUPITER brands. Moreover, EchoStar merged with DISH Network Corp, in Jan 2024.
Altice USA
Altice USA is a US-based broadband comms and video services provider, offering video, broadband, mobile, content and advertising services to nearly 4.6 Mn home and business customers across 21 US states. Also, it delivers advertising and news programming services.
Frontier Communications Corporation
Frontier Communications is a US-based fiber provider. It has nearly 2.8 Mn broadband customers with nearly 1.7 Mn fiber broadband customers. It serves residential, small business, enterprise and wholesale customers.