Wireless Telecommunication Services Industry in G8 is growing with a stable pace with numerous wireless networks and telecommunication companies already in the market. The minimum facilities required are a Telecommunication Company, Telecommunication System and Wireless Device to connect to the system to access the network.
Wireless Telecommunication Services Industry can be segmented by region by 8 countries which include: US, Canada, Germany, France, UK, Italy, Russia and Japan.
Wireless Telecommunication Services Industry research report suggests The G8 countries contributed $406.1 billion in 2014 to the global wireless telecommunication industry, with a compound annual growth rate (CAGR) of 0.7% between 2010 and 2014. The G8 countries are expected to reach a value of $390.9 billion in 2019, with a CAGR of -0.8% over the 2014-19 Period.
Among the G8 nations, the US is the leading country in the wireless telecommunication services industry, with market revenues of $194.6 billion in 2014. This was followed by Japan and Germany, with a value of $76.3 and $32.9 billion, respectively.
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The US is expected to lead the wireless telecommunication services industry in the G8 nations with a value of $181.2 billion in 2016, followed by Japan and Germany with expected values of $82.2 and $33.4 billion, respectively.
Some of the companies in G8 countries in Wireless Telecommunication Services Industry which provides wireless communication in G8 countries like US, japan, Germany and other European countries are:
- AT&T Inc.
- NTT DoCoMo
Note that the companies only from US, Japan and European countries have been mentioned among numerous others from the rest of the countries and well as the mentioned countries.
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G8 Wireless Telecommunication Services Industry gives a detailed report of the wireless telecommunication industry scope in the respective G8 nations for the upcoming term. With increasing advancement in technology and the requirement to connect with the world via Internet, the telecommunication industry boomed. Wireless telecommunication is still developing to be faster and cover more range of the area.
Wireless Telecommunication Services Industry in G8 nations has witnessed more advancement due to the technologies like LTE and there are researches going on about the development of 5G technology. Service provider companies are heavily investing in these companies as they notice there is a lot of scope in these technologies in upcoming years.
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