Forecast growth telecom services spending 2019-2024

This statistic shows the forecasted annual growth in worldwide spending in the telecom services industry from 2019 to 2024. Global telecom services spending is projected to grow decline by 1.4 percent in 2020 compared to the previous year, mainly due to the impact of the COVID-19 pandemic. In 2021, the telecom services market is forecast to increase again, growing by around one percent compared to 2020.