Worldwide spending on Telecom Services and Pay TV Services increased 2.2 percent to $1,478 billion in 2022, according to IDC.
In Americas, spending on Telecom and Pay TV services increased 1.4 percent to $580 million in 2022.
In Asia Pacific, spending on Telecom and Pay TV services increased 3 percent to $481 million in 2022.
In EMEA, spending on Telecom and Pay TV services increased 2.4 percent to $449 million in 2022.
IDC expects worldwide spending on Telecom and Pay TV services will increase by 2 percent in 2023 to $1,541 billion. The increase in tariffs of telecommunication services fueled by inflation will support telecoms to achieve this growth.
“Telecom operators are transforming – from providers of traditional commodity-style services they are becoming modern all-round full-stack technology suppliers,” says Kresimir Alic, Research Director, Worldwide Telecom Services at IDC.
