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The telecommunications service market is characterized by a variety of services such as mobile and broadband internet, wired and mobile telephones, and satellite and cable television. From individual households to large corporate entities to government offices, the services of telecommunications companies are engaged by a wide array of clients. These companies operate in a number of categories such as wireless, satellite, wired, and so on. This sector is witnessing a shift in dynamics owing to a few emerging technologies, as well as the decline of conventional segments such as fixed line communications. 

In 2010, it was reported that the global fixed line industry saw a 1% contraction, and it reached a total worth of USD 550 billion. By 2015, this market is likely to witness a further 5% decline, reaching a value of USD 524 billion. 

A major share of the telecommunications market is held by voice technologies that constitute nearly 57% of the entire market. Within this, the largest share in fixed line telecom is held by the Americas at 34%. The largest player in this market is NTT Group, headquartered in Japan. It is the leading company in terms of market share at 13%.
 On the other hand, strong growth figures are currently being registered by the broadband telecommunications sector. Broadband satellite services are likely to reach a value of USD 6.4 billion by the end of 2015, according to market experts. Similarly, the rapidly emerging sector of mobile broadband is projected to reach a market value of USD 480 billion by the end of 2015.

Another fast growing sector within the telecommunications industry is Internet Protocol Television that can build on the existing infrastructure of broadband technologies and video compression technology so as to broadcast live television signals via privately-held broadband networks. Asia Pacific is likely to overtake the European Union in the IPTV segment. Market analysts project that by the end of 2014, the world will have nearly 110 million IPTV subscribers.

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