Strategy Analytics: COVID-19 Will Trigger a 2.6% Decline in Global Wireless Service Revenue in 2020.
Summary
BOSTON--(BUSINESS WIRE)--New analysis from Strategy Analytics 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. 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. 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.” 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.