Telecom Tower Market to Boom in Future

According to one prominent study conducted by an eminent firm, it is found that the global Telecom Tower Market is expected to boom in the coming times. Its market reached a volume of 4.47 million units in 2021 and is expected to reach 5.51 million units by 2027 while growing at a CAGR of 3.50% between 2022-2027.

A telecom tower is made up of steel and helps in providing data and connection services to the masses. It houses a transceiver unit and mobile telephone switching office (MTSO) to offer expected telecom services.

According to experts, this expected rise is caused due to substantial growth in network traffic and data usage across the globe. Further, increasing usage of smartphones, rising collaboration between government agencies and municipal cooperation, and greater push for digitalization are also playing a significant role in this optimistic projection.

Key Players Included in Global Telecom Tower Market Research Report:

  • American Tower Corporation
  • AT&T Inc
  • Cellnex Telecom S.A.
  • China Tower Corporation Limited
  • Crown Castle
  • GTL Infrastructure Limited
  • Helios Towers plc
  • IHS Holding Limited
  • Indus Towers Limited (Bharti Airtel)
  • SBA Communications Corporation
  • Telesites S.A.B de C.V.
  • Viom Networks.