$4.6bn
$XXX.Xm
6,856
33
$XXX.Xm
Numerous technological advancements have changed how humans interact, pushing wired telecommunication services to the sidelines of communication. External competition from wireless telecommunication services and Voice over Internet Protocol (VoIP) software have lessened the need for local and long-distance telephony services. Many households have reduced expenses over the last several years by cutting landline phone service. Industry revenue has been freefalling at a CAGR of 6.6% to 2024 to reach $4.6 billion, with an expected slump of 3.4% in 2024 alone. Profit has simultaneously slid to 6.6% of revenue in 2024.
Industry revenue has declined at a CAGR of 6.6 % over the past five years, to reach an estimated $4.6bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
TELUS Communications Company | 1,373.8 | 207.5 | 15.1 | |
BCE Inc. | 1,325.6 | 303.6 | 22.9 | |
Rogers Communications Inc. | 329.6 | 80.5 | 24.4 |
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Industry revenue is measured across several distinct product and services lines, including Local voice services , Long-distance voice services and Other services and equipment. Local voice services is the largest segment of the Wired Telecommunications Carriers in Canada.
Local calls remain critical for business contiuity
The Wired Telecommunications Carriers industry in Canada provides local and long-distance telephony services. Carriers also generate revenue by wholesaling access to their networks for many purposes, and selling or renting telecommunications equipment.
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NAICS 51711 - Wired Telecommunications Carriers in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Declining landline subscribers hurt profits. As consumers switch to wireless services, companies face increased competition and must cut prices, leading to lower profitabilit...
Including values and annual change:
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Key data sources in Canada include:
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The market size of the Wired Telecommunications Carriers industry in Canada is $4.6bn in 2024.
There are 33 businesses in the Wired Telecommunications Carriers industry in Canada, which has declined at a CAGR of 4.2 % between 2019 and 2024.
The market size of the Wired Telecommunications Carriers industry in Canada has been declining at a CAGR of 6.6 % between 2019 and 2024.
Over the next five years, the Wired Telecommunications Carriers industry in Canada is expected to decline.
The biggest companies operating in the Wired Telecommunications Carriers market in Canada are TELUS Communications Company, BCE Inc. and Rogers Communications Inc.
Providing local voice communication services and Providing long-distance and international voice communication services are part of the Wired Telecommunications Carriers industry.
The company holding the most market share in Canada is TELUS Communications Company.
The level of competition is high and increasing in the Wired Telecommunications Carriers industry in Canada.