Latest News- Telecom Market in Mexico: Voice is expected to lead the Type segment during 2025-2029

The Telecom Market in Mexico is being driven by Advances in telecom technologies

The Telecom Market in Mexico is expected to grow at a CAGR of 8.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 18.1 billion. Mobile financial services enable consumers in Mexico, where a substantial segment of the population is underserved by traditional banking institutions, to execute various transactions via their mobile phones. These services encompass money transfers, utility bill payments, merchant transactions, and mobile top-ups. Telecom operators are instrumental in facilitating these transactions by supplying the necessary network infrastructure and mobile connectivity for mobile payment platforms. Mobile financial services significantly contribute to financial inclusion by granting access to banking and payment solutions to the unbanked population. Moreover, mobile wallets are increasingly popular in Mexico, empowering users to securely store funds, make payments, and conduct financial transactions using their mobile devices. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Voice
  • Data
• Application
  • Commercial
  • Residential
• Product Type
  • Telecommunication hardware
  • Telecommunication services
• Geography
  • Mexico

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Advances in telecom technologies
• Rising 5G deployment
• Continued emphasis on digital transformation initiatives

However, the market also witnesses some limitations, which are as follows:

• Cybersecurity threats in telecommunication
• Concerns associated with telecom spectrum allocation and management in Mexico
• High initial infrastructural costs of telecommunication infrastructure

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Market Scope in Telecom Market in Mexico Research Report

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Research Analysis Overview

In Mexico's Telecom Market, Network Slicing and 5G Core are driving the adoption of Cloud Native and Agile Development. Data Analytics and Predictive Analytics are crucial for Customer Segmentation and Journey Mapping. Hybrid Cloud, Edge Computing, and Fog Computing facilitate Digital Transformation and Business Process Automation. Digital Marketing tools like Content Marketing, Social Media Marketing, Pay-Per-Click (PPC), Email Marketing, and Mobile Marketing are essential. Next-Generation Networks (NGN) include Over-the-Top (OTT), Streaming Media, Digital Signage, Mobile Video, and Virtual, Augmented, and Mixed Reality. 5G Enterprise applications include Industrial IoT (IIoT), Smart Manufacturing, Smart Agriculture, Smart Transportation, and Smart Energy. Data Privacy Regulations, Network Intrusion Detection, Network Forensics, and Network Segmentation ensure security.

Market Research Overview

The global communications equipment market encompasses manufacturers of enterprise networking solutions, such as LANs, WANs, routers, telephones, switchboards, and exchanges, as well as communications infrastructure or telecom equipment. According to Technavio, the market size is determined by the revenue generated from equipment sales, broadcasting equipment, telecommunication equipment, and infrastructure investments. Notably, cellular phone manufacturers are excluded from this market. Key growth drivers include the expanding number of data centers, necessitating significant investments in new constructions and capacity enhancements by hyperscalers. Additionally, advancements in fiber optic, mobile broadband, fixed broadband, wireless networks, and cellular networks are fueling the demand for enhanced network infrastructure and telecommunications equipment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/