United States Telecom Towers Market Size

US Telecom Towers Market Analysis

The global telecom towers market is expected to register a CAGR of 4.62% from 2022-2027. With the outbreak of COVID-19, the telecom industry has witnessed a significant increase in demand for internet services due to a major chunk of the population staying at home and remote working conditions. The increase in people working from home has led to increased demand for downloading, online video viewing, and communication through video conferencing, all leading to increased network traffic and data usage.

• Over the past decade, the telecom tower market has seen significant evolution. Hence, the basic Towerco concept and business models have been effectively modified to meet the needs of new markets in the United States. Over the projected period, several Towercos are expected to focus on their primary business of building, purchasing, and leasing vertical real estate; as a result, many 5G antennae may still be added to these Towercos' structures.
• Several initiatives by telecom operators and other organizations, especially in low and middle-income countries, are expected to spur growth in the rural areas as the residents to gain increased access to internet connectivity.
• Numerous distinct factors have impacted how telecommunications infrastructure management is conducted. The development of TowerCos has been driven by changes in the financial requirements of the major telecommunications carriers, technical products, and customer demand.
• Furthermore, with businesses going mobile and adopting new concepts, like BYOD, to increase employee interaction and ease of use, it has become essential to provide a high-speed and quality network. The organizations have been looking forward to adopting BYOD aggressively in their operations, fueling the market growth over the forecast period. Furthermore, development in cloud-based services for mobile users and the roll-out of 4G LTE services worldwide have increased the investment into networks by carriers, which drives the demand for telecom towers.
• The increasing emphasis on improving internet connectivity to rural areas of the United States is one of the major factors stimulating the deployment and improvisation of the telecom infrastructure in these areas, thereby aiding the market's growth. Smartphone penetration, raising awareness, increasing penetration of digital technologies, and investments from several organizations and governments have been increasing the adoption of internet connections in the region.
• A delay in the production and delivery of network equipment in the United States appears to have hindered the development of 5G and fiber networks. The delivery of 5G was also pushed down by COVID-19, which affected revenue and expenditure projections.