How big is the Telecom Towers Market?

The Telecom Towers Market size is expected to reach USD 28.48 billion in 2024 and grow at a CAGR of 2.84% to reach USD 32.75 billion by 2029. Read More

What is the current Telecom Towers Market size?

In 2024, the Telecom Towers Market size is expected to reach USD 28.48 billion. Read More

Which is the fastest growing region in Telecom Towers Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Telecom Towers Market?

In 2024, the Middle East and Africa accounts for the largest market share in Telecom Towers Market. Read More

What years does this Telecom Towers Market cover, and what was the market size in 2023?

In 2023, the Telecom Towers Market size was estimated at USD 27.67 billion. The report covers the Telecom Towers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Telecom Towers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the emerging trends in the Telecom Towers Market?

Emerging trends in the Telecom Towers market are a) Adoption of renewable energy sources for power management b) Deployment of small cells c) Integration of Artificial Intelligence (AI) for tower management Read More

Telecom Towers Market Share

Statistics for the 2023 & 2024 Telecom Towers market share, created by Mordor Intelligence™ Industry Reports. Telecom Towers share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Telecom Towers Industry

The telecom tower market is semi-consolidated and consists of several major players, such as American Tower Corporation, Helios Towers PLC, Indus Towers Limited (Bharti Infratel), China Tower Corporation, and SBA Communications Corporation. Only some significant players currently dominate the market in terms of market share. These major players in the telecom tower market are expanding their customer base internationally through strategic collaborations and acquisitions of telecom tower startups. This has led to a moderately high market concentration, with a few dominant players benefiting from significant market share and profitability.

March 2024: Hi-COM Network Private Limited, a leading internet service provider, partnered strategically with Indus Towers Limited to enhance telecommunications infrastructure and advance sustainability initiatives. Indus Towers Limited, formed from the merger of Bharti Infratel Limited and Indus Towers, has provided robust infrastructure for the telecommunications sector. Through this collaboration, Hi-COM will leverage its expertise to assist Indus Towers in constructing new towers and upgrading existing ones to meet the increasing demands of the industry.
January 2024: American Tower Corporation (ATC) announced a strategic collaboration with IBM to accelerate the deployment of a hybrid, multi-cloud computing platform at the edge. Through this collaboration, American Tower intends to expand its neutral-host, Access Edge Data Center ecosystem to include IBM Hybrid Cloud capabilities and Red Hat OpenShift. The two companies are set to work together to help clients address their evolving customer requirements and expectations around innovative digital transformation by enabling technologies such as IoT, 5G, AI, and network automation.
December 2023: AT&T Inc. partnered with Ericsson to deploy a commercial-scale open radio access network (Open RAN). This collaboration aims to establish a robust ecosystem of network infrastructure providers and suppliers. The objective is to drive down network costs, enhance operational efficiencies, and facilitate sustained investments in the rapidly expanding broadband network.