Global ICT Investment Trends in Telco and Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global ICT Investment Trends in Telco and Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

ICT covers all communication devices or applications and various related services and applications, such as video conferencing and distance learning. The report studies ICT investment trends in telco and service. Information and communication technology (ICT) refers to the industry of software, hardware, services, and telecommunications that facilitate the access, storage, and transfer of data between users and systems.

Market Overview:

The latest research study on the global ICT Investment Trends in Telco and Service market finds that the global ICT Investment Trends in Telco and Service market reached a value of USD 4059081.69 million in 2022. It’s expected that the market will achieve USD 5082927.76 million by 2028, exhibiting a CAGR of 3.82% during the forecast period.

Cancellation of ICT events

With the outbreak of coronavirus disease (COVID‑19) crisis in 2020, most international ICT events, gatherings and conferences were cancelled. Major international events in ICT industry, such as Mobile World Congress 2020, Game Developers Conference 2020, MTN GlobalConnect and other famous ICT gatherings and conferences, are facing the fate of cancellation. In addition, technology leaders including Google and Microsoft were forced to cancel their annual activities. Such activities and gatherings provide important business opportunities for ICT companies to showcase their products and solutions. The cancellation of such events will undoubtedly affect the upcoming opportunities for market participants, making it more difficult to revive the industry.

The development of the telecommunications industry

After the outbreak of pneumonia crisis in COVID-19, social distance limited the mobility of consumers; Therefore, people are looking for new ways to keep themselves busy, entertaining and connected. According to an article published by The New York Times, the ratings of Facebook, Netflix and YouTube in the United States increased by 27.0%, 16.0% and 15.3% respectively. Similar trends have been observed all over the world, including China, where social networks, short videos and mobile games are developing strongly. Therefore, the epidemic has promoted the development of the telecommunications industry.

The development of Internet

The development of Internet provides another telecommunication service for companies. In the early days, people used voice lines to transmit data through dialing. With the expansion of Internet capacity and services, telecom companies began to upgrade their networks and install optical fiber and other equipment to enable users to connect to the Internet at a higher speed. Therefore, broadband Internet access is now one of the most popular telecommunication services. The emergence of Internet provides opportunities for telecommunications services and promotes the development of telecommunications services. Transforming traditional products by integrating ICT technology will promote the application and development of industries, such as mobile Internet, big data, cloud computing, Internet of Things (IoT) and other emerging technologies, and lead to the rapid growth of intelligent terminals and communication services.

Social problems caused by ICT

ICT also brings problems and challenges to organizations, individuals and the whole society. The digitization of data, the continuous expansion of high-speed Internet and the continuous expansion of global network have led to a new round of criminal behavior. The so-called vicious actors can incubate electronic plans through electronic means, or illegally acquire systems to steal funds, intellectual property rights or private information or disrupt systems that control critical infrastructure. Information and communication technology has also brought automation and robotics. Information and communication technology makes more and more people restrict the real interaction between others and create social distance. These factors will affect the development of ICT.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Google is one of the major players operating in the ICT Investment Trends in Telco and Service market, holding a share of 3.85% in 2022.

Google

Google, LLC is an American multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, a search engine, cloud computing, software, and hardware. It is considered one of the Big Five technology companies in the U.S. information technology industry, alongside Amazon, Facebook, Apple, and Microsoft.

Microsoft

Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Microsoft focuses on business software, developer tools, home and educational software, tablets, search, advertising, servers, Windows operating systems, Windows applications and platforms, smartphones, cloud computing, quantum computing, the future of work, productivity, artificial intelligence, artificial intelligence, machine learning, laptops, mixed reality, virtual reality, games, developers and IT professionals.

Segmentation Overview:

As for product types, the IT Services segment held the largest market share in 2021.

Application Overview:

By application, the Large Enterprises segment occupied the biggest share from 2017 to 2022.

Key Companies in the global ICT Investment Trends in Telco and Service market covered in Chapter 3:

China Unicom
China Telecom
IBM
Google
Cisco
China Mobile
Dell
HP
SAP
Huawei
Oracle
Microsoft

In Chapter 4 and Chapter 14.2, on the basis of types, the ICT Investment Trends in Telco and Service market from 2018 to 2029 is primarily split into:

IT Services
Hardware
Software

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the ICT Investment Trends in Telco and Service market from 2018 to 2029 covers:

Large Enterprises
Small and Medium-sized Enterprise
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)