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Wholesale Telecom Market

ID: MRFR/ICT/10675-CR
128 Pages
Ankit Gupta
September 2024

Wholesale Telecom Market Research Report By Solution (Voice Termination, SMS, Messaging Services, VoIP Solutions, Data Roaming Services, International Call Services, SIP Trunking, Mobile Number Portability, Cloud Communication Services, Network Security Solutions, Dark Fiber Services, Internet Exchange Point (IXP) Services, Satellite Communication Services, IoT Connectivity Solutions, Cloud Connectivity Services and Others), by Organization Size(SME’s and Large Enterprises) –Market Forecast Till 2035

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Wholesale Telecom Market Summary

As per MRFR analysis, the Wholesale Telecom Market Size was estimated at 481.29 USD Billion in 2024. The Wholesale Telecom industry is projected to grow from 536.84 USD Billion in 2025 to 1600.41 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 11.54 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Wholesale Telecom Market is experiencing transformative growth driven by technological advancements and evolving consumer demands.

  • The adoption of cloud-based solutions is reshaping service delivery in the Wholesale Telecom Market, particularly in North America.
  • Network security remains a paramount concern, influencing investment decisions across both Voice Termination and Cloud Communication Services segments.
  • The emergence of IoT connectivity is driving innovation, especially in the Asia-Pacific region, which is witnessing rapid market expansion.
  • Increased demand for bandwidth and the expansion of 5G networks are key drivers propelling growth in the market, particularly among SMEs and large enterprises.

Market Size & Forecast

2024 Market Size 481.29 (USD Billion)
2035 Market Size 1600.41 (USD Billion)
CAGR (2025 - 2035) 11.54%

Major Players

AT&T (US), Verizon (US), Deutsche Telekom (DE), NTT Communications (JP), Orange (FR), BT Group (GB), Telstra (AU), Vodafone (GB), China Telecom (CN), T-Mobile (DE)

Wholesale Telecom Market Trends

The Wholesale Telecom Market is currently experiencing a dynamic evolution, driven by advancements in technology and shifting consumer demands. As telecommunications companies seek to enhance their service offerings, there is a noticeable trend towards the integration of innovative solutions such as cloud computing and artificial intelligence. This integration not only improves operational efficiency but also enables providers to deliver more personalized services to their clients. Furthermore, the increasing reliance on digital communication channels has prompted a surge in demand for robust infrastructure, compelling wholesale telecom providers to invest in next-generation networks. In addition to technological advancements, regulatory changes are shaping the landscape of the Wholesale Telecom Market. Governments worldwide are implementing policies aimed at fostering competition and ensuring fair access to telecommunications services. This regulatory environment encourages new entrants to the market, which may lead to increased innovation and improved service quality. As the market continues to evolve, stakeholders must remain vigilant and adaptable to these changes, ensuring they can capitalize on emerging opportunities while navigating potential challenges.

Adoption of Cloud-Based Solutions

The Wholesale Telecom Market is witnessing a marked shift towards cloud-based solutions. This trend allows telecom providers to offer scalable services, enhancing flexibility and reducing operational costs. By leveraging cloud technology, companies can streamline their processes and improve service delivery, catering to the evolving needs of their clients.

Focus on Network Security

As cyber threats become increasingly sophisticated, there is a growing emphasis on network security within the Wholesale Telecom Market. Providers are investing in advanced security measures to protect their infrastructure and customer data. This focus not only safeguards operations but also builds trust with clients, which is essential for long-term success.

Emergence of IoT Connectivity

The rise of the Internet of Things (IoT) is significantly impacting the Wholesale Telecom Market. Providers are adapting their networks to accommodate the influx of connected devices, which requires enhanced bandwidth and low-latency solutions. This trend presents opportunities for telecom companies to develop specialized services tailored to the unique demands of IoT applications.

Wholesale Telecom Market Drivers

Expansion of 5G Networks

The rollout of 5G networks is transforming the Wholesale Telecom Market, as it enables faster data transmission and lower latency. This technological advancement is expected to facilitate the development of new applications, such as augmented reality and smart cities, which require high-speed connectivity. As of October 2025, several regions have made significant progress in deploying 5G infrastructure, with investments reaching billions of dollars. The expansion of 5G networks not only enhances service offerings for wholesale telecom providers but also drives demand for wholesale services as businesses seek to leverage this technology. Consequently, the Wholesale Telecom Market is likely to witness increased competition and innovation as providers strive to meet the evolving needs of their customers.

Increased Demand for Bandwidth

The Wholesale Telecom Market experiences a notable surge in demand for bandwidth, driven by the proliferation of data-intensive applications and services. As businesses and consumers increasingly rely on high-speed internet for activities such as streaming, gaming, and remote work, the need for robust bandwidth solutions becomes paramount. According to recent data, the global demand for bandwidth is projected to grow at a compound annual growth rate of over 20% in the coming years. This trend compels wholesale telecom providers to enhance their infrastructure and expand their offerings, thereby creating opportunities for growth within the Wholesale Telecom Market. The ability to provide scalable and flexible bandwidth solutions is likely to be a key differentiator among competitors.

Emergence of New Business Models

The Wholesale Telecom Market is witnessing the emergence of innovative business models that cater to the changing needs of customers. Traditional pricing structures are being challenged by new approaches such as pay-as-you-go and subscription-based models, which offer greater flexibility and cost-effectiveness. As businesses seek to optimize their telecom expenditures, wholesale providers are adapting their offerings to align with these preferences. This shift is likely to drive competition among providers, as they strive to attract and retain customers in a rapidly evolving market. Furthermore, the adoption of digital platforms for service delivery and customer engagement is enhancing the overall customer experience within the Wholesale Telecom Market, potentially leading to increased customer loyalty and satisfaction.

Regulatory Changes and Compliance

The Wholesale Telecom Market is subject to evolving regulatory frameworks that can impact market dynamics. Governments and regulatory bodies are increasingly focusing on issues such as data privacy, cybersecurity, and fair competition. Compliance with these regulations is essential for wholesale telecom providers to maintain their market position and avoid potential penalties. As of October 2025, many countries are implementing stricter regulations regarding data protection, which may require wholesale telecom companies to invest in enhanced security measures and compliance protocols. This regulatory landscape presents both challenges and opportunities, as providers that proactively adapt to these changes may gain a competitive edge in the Wholesale Telecom Market.

Rising Adoption of Internet of Things (IoT)

The Wholesale Telecom Market is significantly influenced by the rising adoption of Internet of Things (IoT) devices across various sectors. As industries such as manufacturing, healthcare, and transportation increasingly integrate IoT solutions, the demand for reliable and scalable connectivity solutions intensifies. It is estimated that the number of connected IoT devices will exceed 30 billion by 2030, creating a substantial market for wholesale telecom services. This trend compels wholesale telecom providers to develop specialized offerings tailored to IoT applications, including low-power wide-area networks (LPWAN) and edge computing solutions. The ability to support diverse IoT use cases positions the Wholesale Telecom Market for sustained growth and innovation.

Market Segment Insights

Wholesale Telecom Market Solution Insights

Based on Solution, the Wholesale Telecom Market has been segmented Voice Termination, SMS, Messaging Services, VoIP Solutions, Data Roaming Services, International Call Services, SIP Trunking, Mobile Number Portability, Cloud Communication Services, Network Security Solutions, Interconnection Services, MPLS (Multiprotocol Label Switching) Solutions, Bandwidth on Demand, Colocation Services, Hosted PBX Services, Virtual Private Network (VPN) Services, Data Center Services, Ethernet Services, Content Delivery Network (CDN) Services, Mobile Virtual Network Enabler (MVNE) Services, International Data Services, Dark Fiber Services, Internet Exchange Point (IXP) Services, Satellite Communication Services, IoT Connectivity Solutions, Cloud Connectivity Services and Others.

Cloud communication services was the largest market shar in 2023. This is why many services that are associated with cloud communication are relatively new and dynamically developing in the wholesale telecom sector. First, the need for cost-effective and adaptable communication tools is growing because of the growing focus on digitalization of companies’ activities. In particular, cloud services allow resources to be increased or decreased as much as needed and this is especially important for telecom operators.

Further, with the advancement in technology and working culture, the working environment has become widespread with remote and global operations, so communication must be clear and effective across the regions. Communication through a cloud allows the reach of the entire world without requiring much physical infrastructure therefore enabling the expansion of the services offered by the telecoms without incurring much cost.

Wholesale Telecom Market Organization Size Insights

Based on Organization Size, the Wholesale Telecom Market has been segmented into SME’s and large enterprises. In 2023, large enterprises accounted for the largest market share. Wholesale telecom services have been on the rise among large enterprises because organizations require adequate, efficient, and effective means of communications at an affordable cost. These organizations normally work in different regions and need to have excellent connectivity to support their operations. Wholesale telecom providers provide the required platform and bandwidth to fulfil these needs so that enterprises do not have to spend a lot in constructing and maintaining their own networks.

FIGURE 2: GLOBAL WHOLESALE TELECOM MARKET, BY ORGANIZATION SIZE, 2023 VS 2032 (USD MILLION)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Wholesale Telecom Market End User Type Insights

Based on End User Type, the Wholesale Telecom Market has been segmented into Internet Service Providers (ISPs), Mobile Network Operators (MNOs), VoIP Service Providers, Cable TV Operators, Government Agencies, Educational Institutes, Content Providers and Others. In 2023, Internet Service Providers (ISPs) accounted for the largest market share. ISPs seek to offer affordable and fast internet connectivity to as many customers as possible; to do so they depend on LSPs to gain access to large-sized telecommunication networks and bandwidth. This enables the ISPs to provide broad based coverage without the huge capital investment necessary in the development of their own infrastructure.

Get more detailed insights about Wholesale Telecom Market

Regional Insights

North America : Telecom Innovation Leader

North America is the largest market for wholesale telecom services, holding approximately 40% of the global market share. Key growth drivers include the increasing demand for high-speed internet, cloud services, and IoT solutions. Regulatory support, such as the FCC's initiatives to enhance broadband access, further catalyzes market expansion. The region's advanced infrastructure and technological advancements position it as a leader in the telecom sector. The competitive landscape is dominated by major players like AT&T and Verizon, which significantly influence market trends. Other notable companies include T-Mobile and smaller regional providers. The presence of these key players fosters innovation and competition, driving service improvements and pricing strategies. As demand for wholesale services continues to rise, North America is expected to maintain its leading position in the global market.

Europe : Diverse Market Dynamics

Europe is the second-largest market for wholesale telecom services, accounting for approximately 30% of the global market share. The region's growth is driven by the increasing adoption of digital services, regulatory frameworks promoting competition, and investments in 5G infrastructure. The European Commission's Digital Single Market strategy aims to enhance connectivity and reduce barriers, further stimulating demand for wholesale telecom services. Leading countries in this market include Germany, the UK, and France, with Deutsche Telekom and BT Group being significant players. The competitive landscape is characterized by a mix of established telecom operators and emerging players, fostering innovation and service diversification. As the region continues to invest in next-generation technologies, the wholesale telecom market is poised for substantial growth.

Asia-Pacific : Emerging Market Potential

Asia-Pacific is witnessing rapid growth in the wholesale telecom market, driven by increasing internet penetration, mobile connectivity, and digital transformation initiatives. The region holds approximately 25% of the global market share, with countries like China and Japan leading the charge. Regulatory support for infrastructure development and foreign investments are key catalysts for this growth, as governments prioritize enhancing connectivity and digital services. China Telecom and NTT Communications are among the leading players in this region, contributing to a competitive landscape that encourages innovation. The presence of numerous smaller operators also fosters a dynamic market environment. As demand for wholesale telecom services continues to rise, Asia-Pacific is expected to play a crucial role in shaping the future of the global telecom landscape.

Middle East and Africa : Untapped Market Opportunities

The Middle East and Africa region is emerging as a significant player in the wholesale telecom market, currently holding about 5% of the global market share. The growth is driven by increasing mobile penetration, investments in infrastructure, and government initiatives aimed at enhancing digital connectivity. Regulatory bodies are working to create a more competitive environment, which is expected to attract foreign investments and stimulate market growth. Leading countries in this region include South Africa, Nigeria, and the UAE, with key players like MTN and Vodacom shaping the competitive landscape. The presence of various telecom operators, both large and small, fosters innovation and service diversification. As the region continues to develop its telecom infrastructure, the wholesale market is poised for significant expansion.

Wholesale Telecom Market Regional Image

Key Players and Competitive Insights

The Wholesale Telecom Market is characterized by the presence of many global, regional, and local vendors. The regional market is highly competitive, with all the players continually competing to gain a larger market share. The vendors compete based on reliability, cost, product quality, and aftermarket services. Therefore, vendors must provide cost-effective and efficient products to survive and succeed in a competitive market environment.

The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. According to MRFR analysis, the growth of the Wholesale Telecom Market is dependent on market conditions.

The Wholesale Telecom Market is characterized by the presence of many regional and local vendors including, Verizon Communications Inc, AT&T Inc, T-Mobile USA, Inc., Orange, Deutsche Telekom, Telefónica, S.A., Singtel, NTT Communications, BT Wholesale, Rogers Communications, Swisscom, A1 Group, KDDI Corporation, and Saudi Telecom Company and among others.

The Wholesale Telecom Market is extremely competitive, with players competing, partnering, and investing heavily in research and development to gain a significant market share. The market is moderately fragmented with rising competition, increasing collaborative partnerships, and other strategic decisions to achieve operational efficiency.

Key Companies in the Wholesale Telecom Market market include

Industry Developments

  • In May 2023, AT&T and BlackRock has formed Gigapower LLC to offer the fiber network to ISPs and other business establishments especially in parts of selected metros across the country using a commercial wholesale open access model. Gigapower, an AT&T and BlackRock joint venture – AT&T is one of the largest fibre investors in America, while BlackRock is one of the largest infrastructure investors in the world – is helping more people get super-fast, reliable high-capacity fibre.
  • In July 2023, Deutsche Telekom which is a wholesale provider has unveiled plans on how it will establish a new Point-of-Presence (PoP) in Miami Florida within an Equinix data center. The PoP is located within the Equinix data centre and provides bandwidths of 1/10/100 gigabits per second or nx1, nx10, nx100Gbps. As per the official press release, this expansion plan is intended to bolster Deutsche Telekom’s IPX and IP network presence across the world.

Future Outlook

Wholesale Telecom Market Future Outlook

The Wholesale Telecom Market is projected to grow at 11.54% CAGR from 2024 to 2035, driven by increasing demand for connectivity, technological advancements, and the expansion of IoT applications.

New opportunities lie in:

  • Development of edge computing solutions for enhanced data processing efficiency.
  • Expansion into emerging markets with tailored telecom packages.
  • Partnerships with cloud service providers to offer integrated solutions.

By 2035, the Wholesale Telecom Market is expected to be robust, driven by innovation and strategic partnerships.

Market Segmentation

Wholesale Telecom Market Solution Outlook

  • Voice Termination
  • SMS
  • Messaging Services
  • VoIP Solutions
  • Data Roaming Services
  • International Call Services
  • SIP Trunking
  • Mobile Number Portability
  • Cloud Communication Services
  • Network Security Solutions
  • Interconnection Services
  • MPLS (Multiprotocol Label Switching) Solutions
  • Bandwidth on Demand
  • Colocation Services
  • Hosted PBX Services
  • Virtual Private Network (VPN) Services
  • Data Center Services
  • Ethernet Services
  • Content Delivery Network (CDN) Services
  • Mobile Virtual Network Enabler (MVNE) Services
  • International Data Services
  • Dark Fiber Services
  • Internet Exchange Point (IXP) Services
  • Satellite Communication Services
  • IoT Connectivity Solutions
  • Cloud Connectivity Services
  • Others

Wholesale Telecom Market End User Type Outlook

  • Internet Service Providers (ISPs)
  • Mobile Network Operators (MNOs)
  • VoIP Service Providers
  • Cable TV Operators
  • Government Agencies
  • Educational Institutes
  • Content Providers
  • Others

Wholesale Telecom Market Organization Size Outlook

  • SME’s
  • Large Enterprises

Report Scope

MARKET SIZE 2024 481.29(USD Billion)
MARKET SIZE 2025 536.84(USD Billion)
MARKET SIZE 2035 1600.41(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 11.54% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Market analysis in progress
Segments Covered Market segmentation analysis in progress
Key Market Opportunities Expansion of 5G infrastructure and services in underserved regions presents a key opportunity.
Key Market Dynamics Intensifying competition and regulatory shifts drive innovation and consolidation in the Wholesale Telecom Market.
Countries Covered North America, Europe, APAC, South America, MEA

Market Highlights

Author
Ankit Gupta
Senior Research Analyst

Ankit Gupta is an analyst in market research industry in ICT and SEMI industry. With post-graduation in "Telecom and Marketing Management" and graduation in "Electronics and Telecommunication" vertical he is well versed with recent development in ICT industry as a whole. Having worked on more than 150+ reports including consultation for fortune 500 companies such as Microsoft and Rio Tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.

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FAQs

What is the current valuation of the Wholesale Telecom Market in 2025?

The Wholesale Telecom Market valuation is approximately 481.29 USD Billion in 2024, and it is expected to grow significantly by 2035.

What is the projected market size for the Wholesale Telecom Market by 2035?

The market is projected to reach approximately 1600.41 USD Billion by 2035, indicating substantial growth.

What is the expected CAGR for the Wholesale Telecom Market during the forecast period?

The expected CAGR for the Wholesale Telecom Market from 2025 to 2035 is 11.54%, suggesting robust growth potential.

Which companies are considered key players in the Wholesale Telecom Market?

Key players include AT&T, Verizon, Deutsche Telekom, NTT Communications, and Orange, among others.

What are the primary segments within the Wholesale Telecom Market?

Primary segments include Voice Termination, SMS, VoIP Solutions, and <a href="https://www.marketresearchfuture.com/reports/cloud-communication-platform-market-2811">Cloud Communication Services</a>, among others.

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