UNITED STATES TELECOM MARKET — GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2023–2028)

 During the forecast period, the US telecom market is anticipated to grow at a CAGR of 3.67%. The majority of the world’s largest telecom firms, including AT&T, Verizon, and Comcast, are headquartered in the US, and they support innovation by routinely investing heavily in R&D. The communications industry in the United States, which supports the operations of all businesses, public safety organisations, and the government, is an essential component of the national economy.

Even though 5G technology adoption is still in its early stages, AT&T, Verizon, T-Mobile, and US Cellular are already laying out a plan for the rollout of 6G through strategic collaborations. In addition, the United States has the highest levels of digitization in the world, which is increasing demand for services like OTT (over-the-top) media, messaging, and e-commerce and encouraging further industry expansion.

Mobile networks are necessary for the US economy to recover and for the green and digital transformation to be realised. As they look to optimise their network operations and costs, operators are becoming more conscious of the potential spectral efficiency gains from installing 4G and 5G in current legacy technology bands. According to a GSMA research, AT&T will stop offering 3G service in February 2022, and Verizon will follow suit by the end of the same month. T-Mobile will still sustain its 2G network to enable IoT devices even after it stops supporting its 3G network in June 2022.

The commercialization of 5G is anticipated to have a similar effect on future American wealth as did the commercialization of the internet 25 years ago. The 5G infrastructure will help the next phase of the digital revolution. 5G raises security issues because global networks and technology are currently a key area of conflict between states. But it also raises questions about how we might promote innovation and advancement by using secure infrastructure. A 5G plan aims to ensure that the United States can maximise economic rewards while reducing national security risk.

Major Players: AT&T, Verizon, T-Mobile, US Cellular, and Comcast

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