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Strategy Analytics: COVID-19 Will Trigger a 2.6% Decline in Global Wireless Service Revenue in 2020.New analysis from Strategy Analytics (News - Alert) Service Provider Group indicates the COVID-19 induced 2020 Recession will see all regions suffer in terms of revenue declines in 2020 with only a soft recovery expected in 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200521005094/en/ Exhibit 1. Mobile Service Revenue Growth (Graphic: Business Wire) "After a turbulent 2020/21, wireless service revenue will begin to stabilize and recover from 2023 as 5G provides a stronger contribution to connectivity revenue. Nevertheless service provider revenues which peaked in 2017 will continue to decline over the next 5 years," said Phil Kendall, Executive Director at Strategy Analytics and the report author. A copy of Strategy Analytics Report "Wireless Market Outlook: Competing Impacts of COVID-19 and 5G" is available to clients on the Strategy Analytics website here.
Strategy Analytics sees and an increasingly challenging environment for service providers over the next five years. David Kerr, SVP Wireless and Broadband noted, "Slower overall cellular subscription growth, characterized by fastest growth in lower-ARPU regions and lower-ARPU categories such as connected devices, and sustained competitive intensity will make connectivity service revenue growth hard to find."
#SA_ServiceProviders About Strategy Analytics Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20200521005094/en/ |