Cleveland, OH, June 12, 2018 – US communication service revenues are forecast to total $540 billion in 2022, according to Communication Services: United States, a report recently released by Freedonia Focus Reports. Advances will follow increases in residential and business spending on internet service, driven by rapid adoption of cloud-based and streaming media services, proliferation of internet-connected devices, and cannibalization of legacy communication services.
The fastest growth through 2022 is expected for wireless internet access providers, propelled by the ongoing emergence of new types of internet-enabled devices (e.g., autonomous vehicles) and intensifying use of streaming media and cloud services on mobile devices. Spending per user will continue to increase as customers add more types of mobile devices to their wireless data plans.
These and other key insights are featured in Communication Services: United States. This report forecasts to 2022 US communication services revenues in nominal US dollars. Total revenues are segmented by type of service in terms of:
- wireless internet
- wireless voice and messaging
- wired internet
- wired voice
- first-class mail
- other delivery services, such as parcel delivery and local delivery services
To illustrate historical trends, total revenues and the various segments are provided in annual series from 2007 to 2017.
More information about the report is available at https://www.freedoniafocusreports.com/Communication-Services-United-States-FF95058/.