Growing Additional Services in U.S. Mobile Network Providers Industry Offering Significant Growth Opportunities

Posted on 2018-06-22 by Mark Hub in Industrial // 0 Comments

Albany, US, June 22, 2018: Telecommunication industry in the U.S. is getting more and more competitive with the passage of time. Various mobile phone network operators offering some of the best offers to mobile users. Market Research Hub (MRH) has recently announced the inclusion of a new study titled “Mobile Network Providers – US – May 2018” to its wide archive, which offers vital details about the current market scenario along with its future growth prospects. For a clear understanding, the report provides analysis on the basis of consumer preference, brand research and key player’s innovations.

Initially, the study begins with a brief market overview of US mobile network providers. The report also gives insights into the issues regarding the mobile network providers and their standing in the particular region. There is a vital section of the report which answers to various queries of the investors seeking for the knowledge about the network providers in the U.S. In this section, key challenges facing the industry and how fast its rates of growth, what consumer prefer, the opportunities, risks present in this market are described. This subsequent section of the also gives information about the market drivers. For accurate results, the market has been forecasted based on volume and value of retail mobile networks connections in the US from 2018 to 2022, considering 2017 as the base year.

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Key Highlights from the Study

In this study, usage of mobile voice and data communication among adults aged 18+ are deeply focused. It has been analyzed that customer service and reputation matter for the network service providers. Considering the market scenario, analysts find that no growth in service sales during period 2015-17. Wireless service marketing is currently challenging given that penetration is virtually universal and that the majority of subscribers are not interested in changing their service. Few customers planning to switch, but many open to it. Price, data, and speed are the major reason behind this. Younger and lower-income demographics are more inclined to switch, finds the study.

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As per the research key evaluations, with sales of $237 billion dollars in 2017, the wireless market represents one of the largest service sectors in the US and some of its top advertisers. After three years of lean growth, the industry is poised for growth, driven by potential price changes subsequent to the merger of T-Mobile and Sprint, the launch of 5G mobile hotspots in 2018, as well as growth in interest in adding smartwatches, tablets, and vehicles to subscriptions. With limited opportunities for adding new subscribers and difficulty in poaching existing ones, focusing on increasing average revenue per user (ARPU) through new features is likely to be a chief thrust for the industry looking forward. Alongside, the report also enlists key trends and developments that shape the US network service provider market, along with evaluating the influence of these developments. The report also highlights the information related to marketing strategies administered by major companies functioning in the US market. In this section, the report finds that four networks carry 88% of subscribers. Vanishing brand distinctions advantageous to smaller services, and merger of two providers, 5G create room for new second tier.

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About Market Research Hub

Market Research Hub (MRH) is a next-generation reseller of research reports of different sector like telecommunication market research and analysis. MRH’s expansive collection of industry reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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