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2024 U.S. Industry Statistics & Market Forecast - Wired and Wireless Telecommunications
Market Size & Industry Statistics
The total U.S. industry market size for Wired and Wireless Telecommunications:
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.
| 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 | ||
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 (%) | |||||
Industry Insights
Major trends affect the Wired and Wireless Telecommunications industry include:- 5G deployment and expansion
- Internet of Things (IoT) connectivity
- Cybersecurity enhancements
- Increased demand for high-speed internet
- Shift towards software-defined networking (SDN)
- Fiber optic technology adoption
- Artificial intelligence and machine learning integration
- Regulatory and policy changes
- Environmental sustainability pressures
- Telecom infrastructure sharing
- Edge computing growth
- Decline in traditional voice services
- Rise of remote work and telecommuting
- E-sports and streaming services demand
- Development of smart cities and infrastructure
- Augmented and virtual reality applications
- Consumer demand for seamless multi-platform access
- Challenges in rural broadband expansion
Product & Services Breakdown
Research products and services in the Wired and Wireless Telecommunications 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 |
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Carrier Services And Internet Backbone Services (Include Network Access Services To Other Telecommunication Carriers.) |
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Basic Fixed Local Telephony Services (Include Subscriber Line Services To End User.) |
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Basic Fixed Local Telephony Services - Residential |
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Basic Fixed Local Telephony Services - Business |
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Basic Fixed Local Telephony Services - Public |
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Calling Features - Fixed Telephony (Include Call Waiting, Caller Id, Voice Mail.) |
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Calling Features - Fixed Telephony - Residential |
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Calling Features - Fixed Telephony - Business |
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Basic Fixed Long Distance Telephony - Outbound |
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Basic Fixed Long Distance Telephony - Inbound |
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Basic Fixed All Distance Telephony (Include Both Local And Long Distance Calls.) |
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Private Network Services |
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Mobile Local Telephony (Include Cellular, Pcs, Esmr Technology, And Satellite Services.) |
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Mobile Local Telephony - Residential |
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Internet Telephony |
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Other Telecommunications Services |
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Cable And Other - Multichannel Programming Distribution Services (Analog And Digital) |
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Cable And Other - Multichannel Programming Distribution Services - Basic Programming Package (Include Startup And Reconnect Fees |
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Cable And Other - Multichannel Programming Distribution Services - Premium Programming Package |
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Cable And Other - Multichannel Programming Distribution Services - Pay-Per-View |
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Air Time - Program Distribution Networks (Include Local, Regional, And National.) |
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Air Time - Program Distribution Networks - Advertising |
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Air Time - Program Distribution Networks - Programs |
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Installation Services For Telecommunications Equipment |
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Repair And Maintenance Services For Telecommunications Equipment |
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Internet Access Services - Broadband (I.E., Always-On) |
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Internet Access Services - Broadband - Residential |
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Internet Access Services - Broadband -Business |
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Installation Services For Connections To Program Distribution Networks |
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Other Program Distribution Related Services |
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Rental Or Lease Of Goods And/Or Equipment |
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Rental Of Program Distribution Equipment |
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Rental Of Telecommunications Equipment (Include Leasing.) |
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Resale Of Merchandise |
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Resale Of Telecommunications Equipment |
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Resale Of Program Distribution Equipment |
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All Other Receipts |
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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.
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) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| 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 | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Wired and Wireless Telecommunications 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 Wired and Wireless Telecommunications industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Wired and Wireless Telecommunications measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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 | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% | Order at top of page |
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| 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% | |||
Wired and Wireless Telecommunications Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Wired and Wireless Telecommunications 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 Wired and Wireless Telecommunications 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 Wired and Wireless Telecommunications industry. |
Innovation News
- Dec 05, 2023: Llytech trademarks "FUREVOL" - Bookcases; Chairs; Desks; Furniture; Shelves; Cabinet drawers for furniture cabinets; Cabinets; Computer furniture; Custom furniture; Dining tables; Display stands; Drawers as furniture parts; Furniture fittings, not of metal; Furniture for house, office and garden; Furniture made from steel tubing; Furniture made from wood or substitutes for wood; Furniture of metal; Office desks; Office furniture; Residential and commercial furniture; Seating furniture; Shelves for books; Shelves for storage; Tables; Television stands; Furniture primarily of metal
- Dec 05, 2023: Planet Networks trademarks "" - Fiber optics; Downloadable security software for controlling building security systems, ensuring the security of electronic mail and recorders; Closed-circuit television systems (CCTV) for security and surveillance
- Dec 05, 2023: Planet Networks trademarks "PLANET INTERNET" - Fiber optics; Downloadable security software for controlling building security systems, ensuring the security of electronic mail and recorders; Closed-circuit television systems (CCTV) for security and surveillance
- Dec 19, 2022: Riverstreet Wireless of Virginia raises $2 million in funding.
- Oct 17, 2019: Tresensa patents Coordinating Services Across Multiple Providers
- Dec 21, 2018: FMC Globalsat raises $1 million in funding.
- Nov 21, 2018: FMC Globalsat raises $1 million in funding.
- Jul 20, 2017: Tresensa patents Enabling Application Delivery In Promotional And Other Contexts
- Nov 12, 2015: Tresensa patents Coordinating Services Across Multiple Providers
Recent Federal Contracts for Wired and Wireless Telecommunications
- 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: TDS BROADBAND SERVICE LLC (Chicago, IL) awarded $3,614
- Apr 02, 2024: AT&T CORP. (Oakton, VA) awarded $8,931,078
- Apr 02, 2024: CLARKTEL COMMUNICATIONS CORP. (Akron, OH) awarded $80,190
- Apr 02, 2024: MANHATTAN TELECOMMUNICATIONS CORPORATION (New York, NY) awarded $4,185,671
