	Standard Report	Premium Report
Current State of the Industry
Market Size (industry trends)
Market Forecast (5-year projection)
Products/Services Breakdown
Revenue per State
Financial Metrics
Salary & Compensation Statistics
Public Company Information
Key Private Companies
Government Vendors
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2024 U.S. Industry Statistics & Market Forecast - Telecommunications Services

Published: July 2024

Market Size & Industry Statistics

The total U.S. industry market size for Telecommunications Services: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics	2019 2020 2021 2022 2023
Market Size (Total Sales/Revenue)		Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee

Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.

Forecast / Industry Outlook	2024	2025	2026	2027	2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)

Source: AnythingResearch Economic Analysis

Industry Insights

Major trends affect the Telecommunications Services industry include:

5G deployment and expansion
Internet of Things (IoT) connectivity
Artificial Intelligence and Machine Learning integration
Cybersecurity enhancements
Cloud computing adoption
Regulatory and compliance changes
Network virtualization and SD-WAN
Increased focus on customer experience
Telecom infrastructure sharing
Energy efficiency and sustainability initiatives
Heightened competition from OTT service providers
Edge computing growth
Diversification into non-core services
Increased demand for high-speed internet
Private networks for enterprises

Product & Services Breakdown

Research products and services in the Telecommunications Services industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description	Number of Companies	Sales ($ millions)	Percent of Total Sales
Industry Total
Carrier Services And Internet Backbone Services (Include Network Access Services To Other Telecommunication Carriers.)
Basic Fixed Local Telephony Services (Include Subscriber Line Services To End User.)
Calling Features - Fixed Telephony (Include Call Waiting, Caller Id, Voice Mail.)
Basic Fixed Long Distance Telephony - Outbound
Basic Fixed Long Distance Telephony - Inbound
Basic Fixed All Distance Telephony (Include Both Local And Long Distance Calls.)
Private Network Services
Mobile Local Telephony (Include Cellular, Pcs, Esmr Technology, And Satellite Services.)
Calling Features - Mobile Telephony
Mobile Long Distance Telephony (Include Cellular, Pcs, Esmr Technology, And Satellite Services.)
Mobile All Distance Telephony
Messaging (Paging) Services
Specialized Wireless Services
Internet Telephony
Other Telecommunications Services
Cable And Other - Multichannel Programming Distribution Services (Analog And Digital)
Air Time - Program Distribution Networks (Include Local, Regional, And National.)
Installation Services For Telecommunications Equipment
Advertising Space In Directories
Repair And Maintenance Services For Telecommunications Equipment
Internet Access Services - Broadband (I.E., Always-On)
Internet Access Services - Narrowband (I.E., Dial-Up)
Installation Services For Connections To Program Distribution Networks
Other Program Distribution Related Services
Network Design And Development Services
Rental Or Lease Of Goods And/Or Equipment
Resale Of Merchandise
All Other Receipts

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

	Industry Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit Net Income

Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Telecommunications Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation Ratios	Industry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Telecommunications Services industry is performing.
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Telecommunications Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity Ratios	Industry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance Indicators	Industry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

Title	Percent of Workforce	Bottom Quartile
Management Occupations	6%	Order at top of page
Chief Executives	0%
General and Operations Managers	2%
Business and Financial Operations Occupations	8%
Business Operations Specialists	7%
Computer and Mathematical Occupations	16%
Computer Occupations	16%
Sales and Related Occupations	18%
Sales Representatives, Services	12%
Miscellaneous Sales Representatives, Services	12%
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel	12%
Office and Administrative Support Occupations	15%
Information and Record Clerks	8%
Customer Service Representatives	8%
Customer Service Representatives	8%
Installation, Maintenance, and Repair Occupations	30%
Electrical and Electronic Equipment Mechanics, Installers, and Repairers	17%
Radio and Telecommunications Equipment Installers and Repairers	17%
Telecommunications Equipment Installers and Repairers, Except Line Installers	16%
Other Installation, Maintenance, and Repair Occupations	11%
Line Installers and Repairers	10%
Telecommunications Line Installers and Repairers	10%

Source: Bureau of Labor Statistics

Telecommunications Services Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Telecommunications Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Telecommunications Services industry and adjacent sectors:

Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry	Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.	Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Telecommunications Services industry.

Source:

Innovation News

Jun 13, 2024: T-Mobile Usa patents Personal-assistance System For Threat Detection And Convenience
Jun 13, 2024: T-Mobile Usa patents Systems And Methods For Volume Porting
Jun 13, 2024: T-Mobile Usa patents Forcing Re-authentication Of Users For Accessing Online Services
May 21, 2024: Benchmark Space Systems raises $10 million in funding.
May 03, 2024: Xona Space Systems raises $31 million in funding.
Apr 11, 2024: Link Labs raises $4 million in funding.
Jan 24, 2024: Compuone trademarks "COMPUONE" - Cloud Computing, Cybersecurity, Managed Services
Jan 23, 2024: Hyper Networks trademarks "HYPER NETWORKS" - Consultancy services
Jan 23, 2024: Hyper Networks trademarks "HYPER PROTECT" - Technical commercial and residential security consulting in the field of providing consumer electronics for security purposes

Recent Federal Contracts for Telecommunications Services

Apr 02, 2024: PEGASUS RADIO CORP (Aberdeen, MD) awarded $195,845
Apr 02, 2024: FLUID SOLUTIONS LLC (Birmingham, AL) awarded $21,553
Apr 02, 2024: PERATON INC. (Herndon, VA) awarded $264,237,812
Apr 02, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $1,500,000
Apr 02, 2024: VODACOM TANZANIA PUBLIC LIMITED COMPANY (Dar Es Salaam, ) awarded $27,959
Apr 02, 2024: DE LONG INDUSTRIES GROUP, INC. (Oroville, CA) awarded $24,242