Telecom Market 2020 | Industry Size | Growth | Opportunities | Competitive Analysis | Forecast To 2023

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The Business Research Company’s latest report Telecom Market Report 2020 covers Telecom market drivers, Telecom market trends, Telecom market segments, Telecom market growth rate, Telecom market major players, and Telecom market size. The report provides in-depth analysis of the impact of COVID-19 on the Telecom industry, along with revised market numbers due to the effects of the coronavirus.

Telecom Market Report 2020 is the most comprehensive report available on this market and will help gain a truly perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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The telecom market is expected to decline from $2691.1 billion in 2019 to $2600.9 billion in 2020 at a compound annual growth rate (CAGR) of -3.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $3082.8 billion in 2023.

The report covers the Telecom market’s segments-
1) By Type: Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers
2) By Application: Household, Commercial.
Subsegments covered: Cellular/Mobile Telephone Services, Wireless Internet Services, Broadband Internet Services, Fixed Telephony Services, Direct-To-Home(DTH) Services, General Communication Equipment, Broadcast Communications Equipment, Telecom Infrastructure Equipment, Satellite Telecommunications, Telecommunication Resellers, Others – Satellite & Telecommunication Resellers.

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The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries.

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