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Telecommunication Relay Service (TRS) Market Size
- Report ID: GMI4960
- Published Date: Nov 2022
- Report Format: PDF
Telecommunication Relay Service Market Size
Telecommunication Relay Service Market size surpassed USD 4 billion in 2022 and is projected to grow at over 10% CAGR from 2023 to 2032.
The high demand for unified communication (UC), which helps both individuals and enterprises provide real-time access to services, such as phone communications, conferencing, messaging, and data sharing from multiple devices, is pushing the industry expansion. TRS providers are compensated for providing telecommunication relay services from government funds, which is expected to stimulate the market progress in the coming years.
Government agencies are also supporting telecommunications relay service providers by offering significant relaxations, thereby propelling the business growth. For instance, in July 2022, the Federal Communication Commission passed an Internet Protocol Relay Service Formula to compensate TRS providers from Interstate TRS Fund for the provision of service for the next 4 years of the compensation period based on the weighted average of providers’ reasonable costs.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Telecommunication Relay Service Market Size in 2022: | 4 Billion (USD) |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 10% |
| 2032 Value Projection: | 15 Billion (USD) |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 230 |
| Tables, Charts & Figures: | 280 |
| Segments covered: | Service, Technology, End Use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Telecommunication Relay Service Market Scope
