Telecommunications: 2025 and beyond
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The telecommunications market, valued at approximately USD 1.89 trillion in 2024, forms the backbone of global connectivity across residential, central-office, and long-distance services. Projected to grow at a CAGR of 4.2% to 6.3% through 2030, the market could reach USD 2.5-3.3 trillion by 2032, driven by 5G deployment, high-speed broadband expansion, and emerging technologies like IoT, edge computing, and AI.