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Telecommunication Relay Service (TRS) Market Size

Report ID: GMI4960
Published Date: Nov 2022
Report Format: PDF

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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.

Telecommunication Relay Service (TRS) Market

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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.

Telecommunication Relay Service Market Report Attributes
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:	Rapid adoption of mobile devices Rising demand for unified communications Favorable government initiatives to facilitate telecommunication relay services Growing penetration of VoIP devices
Pitfalls & Challenges:	Limited in-house capabilities Concerns regarding frauds and cybersecurity

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of telecommunication relay service (TRS) crossed USD 4 billion in 2022 and is set to progress at over 10% CAGR during 2023 to 2032, owing to swelling smartphone adoption around the world.

The personal end-use segment is slated to expand at more than 10% CAGR between 2023 and 2032 on account of rising TRS traffic and enterprise-wide emphasis on catering to the extensive demand for telecommunication relay services.

The captioned telephone service segment is expected to account for over 20% of the market revenue share by 2032 as a result of the growing need for captioned telephone services as they have a built-in screen that displays text captions.

The LATAM telecommunication relay service industry is poised to be valued at over USD 1 billion by 2032 as a result of surging efforts to extend effective communication mediums to the deaf community in the region.