Research firm IDC predicts that telecommunications services spending will be about the same as it was last year, due to the mixed impacts of the coronavirus pandemic.
IDC expects telecommunication services spending to hit $1.6 billion in 2020, which is nearly flat compared to last year. The outlook could surely be worse, and the telecom segment may get off lightly compared to more hard-hit sectors such as travel and consumer retail.
In terms of direct impact from the COVID-19 pandemic, IDC said that the industry is seeing some increase in use of services due to national lock-downs, but that doesn’t necessarily equate to an increase in revenues for service providers.
