Try our corporate solution for free!
(212) 419-8286

Forecast spending global telecom services 2018-2024

This statistic shows the global telecom services spending from 2018 to 2024. About 1,553 billion U.S. dollars is forecast to be spent globally in telecom services in 2020.

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 2024

Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in

Release date

November 2020



Survey time period

2018 to 2019

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Telecommunications services"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.