Telecoms is ‘witnessing a decline in value’

An IDC report says spend in telecoms is up due to tariff hikes but value is down in real terms due to high inflation, and operators are looking to new pastures for growth.
Worldwide spending on telecom and pay TV services reached $1,478 billion in 2022, a 2.2% year over year bump, according to the latest IDC Worldwide Semiannual Telecom Services Tracker. It’s not intuitively obvious why pay TV is lumped in there, but regardless IDC also expects worldwide spend to jump 2.0% next year and re