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United Kingdom Telecom Market Size, Share, Growth, Analysis: By Services: Voice Services, Data Services, Messaging Services, OTT and Pay TV; By Transmission: Wireline, Wireless; By End Use: Consumer/ Residential, Commercial; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
United Kingdom Telecom Market Outlook
The United Kingdom telecom market size reached approximately USD 34.55 billion in 2023. The market is projected to grow at a CAGR of 3.7% between 2024 and 2032, reaching a value of around USD 47.92 billion by 2032.
Key Takeaways
- The UK invested 70 million pounds to develop futuristic telecommunication technologies in October 2023.
- In August 2023, the UK invested 160 million pounds into the Connectivity in Low Earth Orbit scheme to boost the telecom sector growth.
- BT PLC, a major British telecom company, invested 15 million pounds in May 2021 to provide faster broadband services to people.
Telecom refers to the exchange of information that occurs between a transmitter and a receiver situated a long distance apart. The medium of exchange can be either through electromagnetic fields, cables, or fibre, among others. Telecom services help businesses and individuals communicate quickly at flexible times and have transformed the notion of remote work into reality.
The United Kingdom market for telecom is being driven by rising smartphone penetration, innovations in consumer entertainment channels, and an increase in wireless communication transmission channels. Increasing investments into key sectors, including semiconductors, is also likely to have a positive influence on the United Kingdom telecom market expansion in the forecast period.
With the rise of OTT platforms and different streaming channels for entertainment, as well as the establishment of new networks with advancing technology, the market is expected to grow significantly in the coming years.
Key Trends and Developments
Phaseout of landline services; increasing investments in LEO satellites; the rising use of AI; and the launch of 5G network are the major trends impacting the United Kingdom telecom market growth.
| Date | Event |
| Oct. 5th 2023 | The UK decided to join the Global Coalition on Telecommunications to boost the resilience of its communication networks and collaborate with leading nations to improve research and development and information sharing. |
| Oct. 4th 2022 | Sure reached an agreement with Bharti Global Limited to acquire 100% of the joint venture between Airtel and Vodafone in the Channel Islands. |
| July 30th 2021 | The UK launched a telecommunication satellite known as Quantum into space to help it maintain a leadership position in the global telecommunications market. |
| May 13th 2021 | BT PLC announced an investment of 15 million pounds in the United Kingdom telecom market to provide fast broadband services to people. |
| Event | Description |
| Phaseout of landline telephone services | Telecommunication companies are switching towards the internet to provide phone calling services to improve customer satisfaction. |
| Renewed interest in Low Earth Orbit Satellites | The UK government announced an investment of 160 million pounds in a LEO satellite scheme in August 2023 to decrease the digital divide and enhance internet connectivity. |
| Increasing emphasis on AI usage | British telecommunication companies are making increasing use of AI for network optimisation and improving customer experience. |
| Launch of 5G network | The increasing accessibility of 5G among mobile phone users in the UK is expected to lead to the United Kingdom telecom market expansion in the forecast period. |
United Kingdom Telecom Market Trends
The Global Coalition on Telecommunications is led by the UK, Australia, Japan, Canada, and the USA with the objective of strengthening coordination and ensuring the security of the telecom sector. The United Kingdom is set to make an investment of 70 million pounds into the Future Telecoms UKRI Technology Missions Fund to enable the development of advanced and futuristic telecommunications technology in the UK. This is likely to lead to the United Kingdom telecom market in the coming years.
The Public Switched Telephone Network (PSTN) or the landline system, which has existed since 1875, will be phased out by 2025 due to its age-old infrastructure and high maintenance expenditure. As per Ofcom, the UK’s regulatory body for communications, service providers are expected to ensure a smooth transition towards digital phone lines for consumers, resulting in improved calling quality and higher consumer satisfaction.
Market Segmentation
“United Kingdom Telecom Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| Market Breakup | Categories |
| Services | Voice Services, Data Services, Messaging Services, OTT and Pay TV |
| Transmission | Wireline, Wireless |
| End Use | Consumer/Residential, Commercial |
Wireless transmission is expected to dominate the United Kingdom telecom market share over the forecast period.
Wireless networks are expected to constitute a major portion of the market share in the coming years. Rapid innovations in the domain of wireless technologies, including 6G, 5G, and Wi-Fi 7, among others, are expected to aid the segment’s growth. The strong presence of wireless networking infrastructure in the UK is propelling the United Kingdom telecom market growth, which is expected to register an upward trend over the forecast period.
On the other hand, wireline technologies, with benefits of enhanced security, reliability, and speed, are expected to witness a stable demand among businesses and consumers in the coming years. Their higher connectivity and accessibility features provided by wired connections is likely to contribute to its demand significantly in the forecast period.
Competitive Landscape
Major players in the United Kingdom telecom market are aiming to provide high quality telecom services at competitive rates to consumers.
| Company | Incorporated | Location | Services |
| BT PLC | 2001 | London, United Kingdom | Telecom services to businesses and consumers worldwide, IT infrastructure support in 180 countries |
| RingCentral, Inc. | 1999 | California, United States | Cloud-based business communication and collaboration solutions, customer engagement software |
| Telefonaktiebolaget LM Ericsson | 1876 | Stockholm, Sweden | Infrastructural, services, and software support to multiple sectors, including telecommunications |
| Comcast Corporation (Sky UK Limited) | 1989 | London, United Kingdom | Broadband, wireless, and video services through subsidiaries, including Sky UK Limited |
Other key players in the United Kingdom telecom market include Vodafone Limited, TalkTalk Telecom Limited, Virgin Media O2, Giffgaff Limited, and Wavetel Business LTD., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Services |
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| Breakup by Transmission |
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| Breakup by End Use |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Europe Telecom Market Overview
8.1 Key Industry Highlights
8.2 Europe Telecom Historical Market (2018-2023)
8.3 Europe Telecom Market Forecast (2024-2032)
8.4 Europe Telecom Market Share by Country
8.4.1 United Kingdom
8.4.2 Germany
8.4.3 France
8.4.4 Italy
8.4.5 Others
9 United Kingdom Telecom Market Overview
9.1 Key Industry Highlights
9.2 United Kingdom Telecom Historical Market (2018-2023)
9.3 United Kingdom Telecom Market Forecast (2024-2032)
10 United Kingdom Telecom Market by Services
10.1 Voice Services
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Data Services
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Messaging Services
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 OTT and Pay TV
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 United Kingdom Telecom Market by Transmission
11.1 Wireline
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Wireless
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United Kingdom Telecom Market by End Use
12.1 Consumer/ Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 BT PLC
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Vodafone Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Telefonaktiebolaget LM Ericsson
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 TalkTalk Telecom Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Virgin Media O2
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Giffgaff Limited
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Wavetel Business LTD.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 RingCentral, Inc.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Comcast Corporation (Sky UK Limited)
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Europe Telecom Market: Key Industry Highlights, 2018 and 2032
2. United Kingdom Telecom Market: Key Industry Highlights, 2018 and 2032
3. United Kingdom Telecom Historical Market: Breakup by Services (USD Billion), 2018-2023
4. United Kingdom Telecom Market Forecast: Breakup by Services (USD Billion), 2024-2032
5. United Kingdom Telecom Historical Market: Breakup by Transmission (USD Billion), 2018-2023
6. United Kingdom Telecom Market Forecast: Breakup by Transmission (USD Billion), 2024-2032
7. United Kingdom Telecom Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. United Kingdom Telecom Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. United Kingdom Telecom Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 34.55 billion.
The market is estimated to grow at a CAGR of 3.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 47.92 billion by 2032.
The market is being driven by the rising smartphone penetration, innovations in consumer entertainment channels, and increase of wireless communication transmission channels.
The key trends aiding the market expansion include phaseout of landline services, increasing investments in LEO satellites, use of AI, and launch of 5G network.
The major telecom transmission channels include wireline and wireless.
The major end uses of telecom include consumer/residential and commercial.
The major players in the market are BT PLC, Vodafone Limited, Telefonaktiebolaget LM Ericsson, TalkTalk Telecom Limited, Virgin Media O2, Giffgaff Limited, Wavetel Business LTD., RingCentral, Inc., and Comcast Corporation (Sky UK Limited), among others.
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