This IDC study offers an update of the worldwide telecom market for FY14. The worldwide telecom market recovered from negative growth in 2013 to 2.8% growth in 2014. IDC is forecasting growth of 2.6% from $1.55 trillion in 2015 to $1.74 trillion in 2019. IDC is forecasting overall market growth of 3% over the 2014–2019 time frame. This is slightly lower than our previous forecast of 3.4% and reflects the competitive pressures of the mobile industry and the impact of volatile FX swings.
"The telecommunications market will continue its steady growth over the next five years. CSPs will redouble efforts to implement business model and infrastructure transformation and to leverage growth from new sectors," according to Courtney Munroe, GVP, Worldwide Telecommunications Services, IDC.