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Worldwide spending on Telecom Services and Pay TV Services reached $1,478 billion in 2022, increasing by 2.2% year over year, according to the International Data Corporation (IDC) Worldwide Semiannual Telecom Services Tracker. IDC expects Worldwide spending on Telecom and Pay TV services will increase by 2.0% next year and reach a total of $1,541 billion. The latest forecast is slightly more optimistic compared to the version published in November last year as it assumes a 0.3 percentage point higher growth in 2023. IDC believes this acceleration is a consequence of the increase in tariffs of telecommunication services fueled by inflation.
This is the second time in the last six months that we have increased our forecast for the telecom services market and positive adjustments have been made for all global regions. This confirms the thesis that inflation is equally happening in all parts of the world and that operators are all behaving in similar way when their profitability is threatened by the inflationary pressures. And what is more, the effects that we observe now are the outcome of the initial tariff adjustments that were generally happening in mid-2022. According to the latest IMF forecasts, inflation is here to stay for the next three years at least which means that operators will continue to increase tariffs, clients will be paying more for telco services, and the total nominal value of the market will be growing at faster pace. This is the explanation for why we increased our forecast not only for 2023, but for the entire first half of the forecast period.
INDEX
SECTION 1 IDC BENELUX PROFILE
SECTION 2 PRESS RELEASES: 2023
SECTION 3 PRESS RELEASES ESG
SECTION 1 IDC BENELUX PROFILE
1.1 ACTIVITIES
IDC Benelux provides market research focused on information technology and telecommunications markets. The company offers 4 free bulletins covering Application Service Providers (ASP), human resources, e-solutions, and Internet commerce. IDC Benelux was established in 1985 and has offices in Netherlands and Belgium.
1.2 SUMMARY
Website: http://www.idcresearch.nl
SECTION 2 PRESS RELEASES: 2023
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