Industry Statistics and Rankings
How does this industry perform in Latvia compared to Europe?
Country Benchmarking
Industry Data Latvia
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#29 In EuropeBusiness
#16 In EuropeEmployees
#24 In EuropeWages
#27 In EuropeRevenue is forecast to slump at a compound annual rate of 0.7% over the five years through 2024 to €198 billion. Although consumers and businesses have increased demand for wireless, hefty competition between wireless telecommunications carriers and increasingly stringent regulations have put pressure on revenue, contributing to the decline. The pandemic accelerated demand for wireless telecom services as a greater number of people worked from home.
Enterprises
Number of businesses in 2024
Biggest companies in the Wireless Telecommunications Services in Latvia
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Wireless Telecommunications Services in Latvia industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Wireless Telecommunications Services industry in Latvia in 2024?
The market size of the Wireless Telecommunications Services industry in Latvia is €669.5m in 2024.
How many businesses are there in the Wireless Telecommunications Services in Latvia industry in 2024?
There are 101 businesses in the Wireless Telecommunications Services industry in Latvia, which has grown at a CAGR of 1.4 % between 2019 and 2024.
Has the Wireless Telecommunications Services industry in Latvia grown or declined over the past 5 years?
The market size of the Wireless Telecommunications Services industry in Latvia has been declining at a CAGR of 2.4 % between 2019 and 2024.
What is the forecast growth of the Wireless Telecommunications Services industry in Latvia over the next 5 years?
Over the next five years, the Wireless Telecommunications Services industry in Latvia is expected to grow.
What does the Wireless Telecommunications Services in Latvia include?
Access and voice services and Messaging and data services are part of the Wireless Telecommunications Services industry.
How competitive is the Wireless Telecommunications Services industry in Latvia?
The level of competition is moderate and steady in the Wireless Telecommunications Services industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Wired Telecommunications Services in Latvia
Complementors
- Information & Communication Equipment Retailing in Latvia
- Software Development in Latvia
Table of Contents
About this industry
Industry definition
Companies in this industry operate, maintain and provide access to facilities for the transmission of voice, data, text, sound and video using wireless telecommunications infrastructure. Businesses in the industry also provide internet access through wireless infrastructure. Telecommunications resellers do not fall under this industry.
Related Terms
BROADBAND PCS FIFTH GENERATION WIRELESS (5G) LONG-TERM EVOLUTION (LTE)What's included in this industry?
Access and voice servicesMessaging and data servicesWholesalingCompanies
Industry Code
612 - Wireless telecommunications activities in Latvia
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Wireless Telecommunications Services in Latvia industry?
Outlook
Analysis
What's driving the Wireless Telecommunications Services in Latvia industry outlook?
Volatility
Analysis
What influences volatility in the Wireless Telecommunications Services in Latvia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Wireless Telecommunications Services in Latvia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
The rising popularity of apps reduces demand for traditional services. More customers use apps like WhatsApp to make calls and texts, aiding demand for data services.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Wireless Telecommunications Services in Latvia industry's products and services performing?
Analysis
What are innovations in the Wireless Telecommunications Services in Latvia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Wireless Telecommunications Services in Latvia industry?
International Trade
Highlights
- Total Imports into Latvia
- Total Exports into Latvia
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Larger carriers leverage economies of scale. Running large-scale operations is beneficial as carriers can leverage economies of scale and scope to expand their portfolios, develop infrastructure and consolidate their business.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Wireless Telecommunications Services in Latvia located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Regulators have imposed price controls. Price controls aimed at supporting competition within the industry have eaten into revenue generated from wholesaling services.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Wireless Telecommunications Services in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Significant competition restricts profitability. Wireless telecoms providers compete on price to win and retain customers.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Wireless Telecommunications Services in Latvia industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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