By 2021, Fixed Voice Will Represent 7.7% of Global Telecom Revenue
By 2021, fixed voice will represent only about 7.7 percent of total global telecom revenues, compared to mobile at 59 percent of total, according to researchers at Ovum.
Fixed network broadband will represent 18 percent of total revenues, while subscription TV represents about 15 percent of total revenues.
The global telecoms & media market will generate $1.58 trillion in revenues in 2021 from 11.96 billion connections, according to Ovum, which counts fixed network, mobile network and video services in its tally.
The mobile segment will dominate, with revenues of $933 billion and nine billion connections in 2021, Ovum predicts. However, fixed broadband will be the fastest-growing market, with revenues growing at a compound annual growth rate of 3.02 percent from 2016 to 2021, ahead of subscription TV at 2.51 percent and mobile at 1.91 percent.
Global broadband will generate $288 billion in revenues in 2021, ahead of subscription TV with $239 billion and fixed voice at $122 billion.
Not all estimates include video. But even some of those forecasts are in line with Ovum projections.
The relative importance of mobile, fixed broadband, and subscription TV markets varies by country and region.
In 2021, the mobile market will generate 87 percent of total telecom and media revenues in Africa and 70 percent in the Middle East, compared to 50 percent in North America and 49 percent in Western Europe, Ovum predicts.