Global spending on telecom services (including subscription TV) totaled $1.6 trillion in 2018, an increase of 0.8 percent year over year, according to IDC.
IDC expects global revenue to reach $1.66 trillion in 2023.
The mobile segment, which represented 53 percent of the total market in 2018, is set to post a compound annual growth rate (CAGR) of 1.4 percent over the 2019-2023 period.
Fixed network data service spending represented 20.5 percent of the total market in 2018, with an expected CAGR of 2.6 percent through 2023.
Video services revenue increased by seven percent in 2018 and is expected to post a CAGR of 3.7 percent by the end of 2023.
Global Regional Services 2018 Revenue, Growth
| ||
Global Region
|
2018 Revenue ($B)
|
CAGR 2018-2023 (%)
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Americas
|
616
|
0.0
|
Asia/Pacific
|
512
|
0.8
|
EMEA
|
487
|
0.9
|
Grand Total
|
1,615
|
0.5
|
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