TECH SUPPLIER Apr 2020 - Market Perspective - Doc # EUR146177320
The Impact of COVID-19 on European Telco Markets
This IDC Market Perspective elaborates on the impact of COVID-19 on European telecommunications market segments. Telecommunications markets are among the sectors that will experience initial challenges, as well as strong long-term growth opportunities to pick up changing consumer, consumer, and public sector market environments that COVID-19 inevitably triggers. The COVID 19 crisis will be a game changer for telcos in their role as future digital value creation ecosystems that will disrupt supplier, partner, and customer relationships. It will reshape the position of telcos in the digital economy and their relationships with partners and customers.
"While we see massive traffic uptakes in the short term, the anticipated economic contraction might be offset by the proliferation of new technologies such as 5G, IoT, and AI that boost the uptake of the digital economy by 2021," said Martina Kurth, AVP, Head of Telco 2025 Research in Europe.