Forecast spending global telecom services 2018-2023

This statistic shows a forecast of global telecom services spending from 2018 to 2023. About 1,625 billion U.S. dollars is forecast to be spent globally in telecom services in 2019.

Telecom services spending – additional information

The telecommunication services industry, which includes fixed-network services and mobile and wireless services, is a trillion-dollar market projected to grow in the next few years. Global telecommunication spending is forecast to amount to 1.44 trillion U.S. dollars by 2019. This projection shows a considerable increase from the 2014 figure, when global spending was estimated at 1.32 trillion U.S. dollars. The Asia Pacific region is the most valuable telecommunication services market worldwide. For 2019, the Asia Pacific region is expected to generate 441.5 billion U.S. dollars in revenues from telecom services. North America and Europe are also important telecom service markets worldwide.

Wireless telecom services account for the majority of the spending on telecommunication services. By 2018, wireless telecommunication services are expected to generate around 887.4 billion U.S. dollars in revenues by 2018. Fixed telecommunication services are forecast to amount to around 525 billion U.S. dollars in revenues in 2019.

The industry is dominated by multinational telecommunication service companies. The Dallas-based AT&T is a global leader, with a brand value of 107 billion U.S. dollars in 2016. Verizon, also an American giant, is the second biggest telecom service provider. In 2016, the company’s value was at 93 billion U.S. dollars. China Mobile, the British telecom company Vodafone, and Deutsche Telekom are also amongst the leading telecom brands worldwide.

Global telecom services spending forecast from 2018 to 2023

Spending in billion U.S. dollars
20231,655
20221,650
20211,645
20201,645
20191,625
20181,615
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Sources

Release date

May 2019

Region

Worldwide

Survey time period

2018 to 2019

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Statistics on "Telecommunications services"

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