Dublin, May 27, 2024 (GLOBE NEWSWIRE) -- The "Telecom Market in Mexico 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The telecommunications sector in Mexico is experiencing a significant surge with expected market growth of USD 13.09 billion during the 2023-2028 period, boasting a Compound Annual Growth Rate (CAGR) of 6.51%.
A comprehensive market analysis indicates that this expansion is predominantly propelled by the advancement of telecom technologies, the widespread adoption of Internet of Things (IoT) devices, and the optimization of cost in products and services. Enhanced connectivity demands for both commercial and residential applications are also contributing factors to this upward trajectory.
Market Segmentation Insights
The holistic market evaluation categorizes the telecom industry in Mexico into various segments, including voice and data types, with subcategories extending to commercial and residential applications. The study provides an insightful breakdown of the market, considering telecommunication hardware and services, and further delves into geographic landscapes, with a notable focus on North America.
Key Market Trends
Emerging trends in the Mexican telecom sector point towards a rising inclination for mobile financial services, which is expected to spur market growth in the forthcoming years. Additionally, strategic partnerships among industry players and an uptick in smart city initiatives signal growing market opportunities and are anticipated to catalyze substantial demand in the field.
Vendor Landscape Analysis
The report analyzes a robust selection of vendors that are expected to influence market dynamics. Noteworthy companies operating within Mexico's burgeoning telecom industry have been identified, and strategic analyses are provided to assist clients in enhancing their market positions.
Companies Featured:
- Altan Redes
- America Movil SAB de CV
- AT and T Inc.
- Axtel SAB de CV
- Grupo Televisa
- Integrated Financial Technologies
- Marcatel
- Market Mettle Ltd.
- Megacable Holdings SAB de CV
- SAP SE
- Telefonica SA
- Telenor Group
- Comcast Corp.
- Grupo Salinas
- MCM Telecom
For more information about this report visit https://www.researchandmarkets.com/r/s0r4sl
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