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Telecom/pay TV spending dip due to accounting changes: IDC
- Monday | 12th November, 2018
“This is, of course, just a momentary effect,” said Kresimir Alic, senior program manager, IDC Worldwide Telecom Services Database. The bad news: worldwide spending on telecom services and pay TV services will increase by only 0.6% in 2018 (in constant dollar terms), representing a decrease in growth from last year, according to IDC. From a geographic perspective, IDC expects the Americas to remain the largest services market with revenues of $624 billion in 2018. While there is still growth in some emerging markets the overall market for telecom services worldwide is now relatively mature as the latest forecasts show. The mobile market is set to grow at five-year CAGR of 1.2%, driven by increased mobile data usage and expanding M2M applications, which is offsetting declines in spending on mobile voice and messaging services.
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