TECH SUPPLIER Apr 2020 - Market Perspective - Doc # US46201120
COVID-19 Impact on the Worldwide Telecom Services Market
This IDC Market Perspective highlights the impact of the COVID-19 outbreak on telecom services markets including fixed voice and data and mobile voice and data. It contrasts the overall telecom services market impact versus the overall ICT market based on the February 28 and March 31, 2020, editions of IDC's Black Book.
"COVID-19 is leading to a lot of uncertainty around the spending impact on various technology markets. We expect the telecom services market to weather the current conditions better than other elements of the ICT market," says Carrie MacGillivray, group vice president and general manager, Worldwide Telecom, Mobility, and IoT research at IDC. "The COVID-19 pandemic is highlighting the importance of connectedness. Telecom services are the common thread keeping us united as we weather this crisis."
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