Princeton, NJ -- (SBWIRE) -- 05/24/2018 -- According to the report published by Research Cosmos, The Global Telecom Towers Market is expected to register a CAGR of 17.63% during the forecast period. The telecom tower industry has gained high prominence as an independent industry, mainly in India and the United States. In other parts of the world, tower sharing has been initiated or already in practice, and yet major share of the telecom towers are managed by the telcos. Tower sharing is one of the major growth drivers for the telecom industry, as it significant benefits, such as cost reduction and faster data rollout. Growth in cloud-based services for mobile users and roll-out of 4G LTE services around the world have increased the network investment by carriers, which is driving the demand for the telecom towers market.

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Growing Connecting/Improving Connectivity to Rural Areas

The annual data usage through wireless networks has been increasing rapidly, promoting the smartphone penetration considerably. The adoption of broadband services can improve the economy in rural areas by increasing income, creating jobs, and by lowering unemployment rates. Over the last five years, there has been a drastic increase in the number of mobile phones that led to a steady rise in data traffic, gradually. According to the Cisco Virtual Networking Index, global mobile data grew by 63% in 2016, as compared to 2015. Nearly 425 million mobile devices and cellular connections were added in 2016, while smartphones led the growth of these devices. According to Ericsson, the total number of IoT connected devices is expected to reach beyond 20 billion by 2023.

Global Telecom Towers Segmentation:
By Tower Type: Lattice Tower, Guyed Tower, Monopole Tower and Stealth Tower
By Fuel Type: Renewable and Non-renewable
By Installation: Rooftop, Ground-based and others
By Ownership: Operator-owned, JV, Private-owned and others
By Geography: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa

Accelerating Growth in the Monopole Tower Type

The emergence of new technologies is creating a demand for additional facilities and the introduction of new elements. Telecommunication has become essential for the modern society. Monopoles are of two kinds and are prominently used for video surveillance, crime prevention, floodlight, and metrological equipment, among others. The monopole market is expected to grow at a faster rate, owing to its aesthetically pleasing structure and its popularity in the wireless communication industry.

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Asia-Pacific to Dominate the Growth of the Telecom Towers Market

Asia-Pacific accounts for the highest volume of towers in the market, accounting for around 71.92% of the total towers in 2017. High penetration of smart devices is leading to high consumption of data in developing countries, such as China and India, which is driving the growth of the market in the region. Asia-Pacific accounts for more than 50% of the total internet users across the globe. Asia-Pacific had around 3.05 million towers in 2016 and is expected to increase over the forecast period, with companies like Edotco and OCK Group planning for further expansion.

Major Key players in the Global Telecom Towers Market include:
American Tower Corporation, Helios Towers Africa, Bharti Infratel, China Tower Corporation, SBA Communications, AT&T Towers, Crown Castle International Corporation, T-Mobile Towers, GTL Infra

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Reasons to Purchase this Report
To know how the telecom towers market is expected to change the dynamics.
To analyze various perspectives of the market with the help of Porter's five forces analysis.
To know as to which Installation segment is expected to dominate the market.
To know about the regions that are expected to witness the fastest growth during the forecast period.
To identify the latest developments, market shares, and strategies employed by major market players
Three months analyst support, along with the Market Estimate Sheet (in excel).

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