• Latest

Global Telecom And Pay-TV Spending Surges In 2024, With 2.4 Percent Growth Forecast – Report

November 21, 2024
South Africa: eMedia Surges In Advertising Revenue Despite Challenges, Achieving Historic High Of US$124 Million

BMA Industry Survey Reveals African Media Executives’ Strong Demand for Data-Driven Audience Insights and Revenue-Growth Strategies

September 15, 2025

East African Nations Unite For Landmark Satellite Communication Initiative To Enhance Connectivity

September 15, 2025
Gabon: Airtel and Moov Africa Télécom Unite to Enhance Network Infrastructure

Gabon: Airtel and Moov Africa Télécom Unite to Enhance Network Infrastructure

September 15, 2025
“Shaka iLembe” The Programme Responsible For 16,000 Jobs In South Africa

“Shaka iLembe” The Programme Responsible For 16,000 Jobs In South Africa

September 15, 2025
South Africa: MasterChef Moves To E.tv With Season 6 Set To Premiere In Early 2026

South Africa: MasterChef Moves To E.tv With Season 6 Set To Premiere In Early 2026

September 15, 2025
Judging Panel Announced For The 2025 Broadcast Media Awards In Victoria Falls, Zimbabwe

Judging Panel Announced For The 2025 Broadcast Media Awards In Victoria Falls, Zimbabwe

September 12, 2025
How AI Is Transforming The Landscape For Film Production And Distribution

eMedia Launches Virtual Production Facility To Revolutionise Filmmaking In South Africa

September 12, 2025
Day 1 Of Broadcasters Convention In Kampala – Delegates Calls For Rapid Digital Transformation And Ethical AI Use

Cassava Technologies Unveils Ambitious Plan To Expand AI Infrastructure Across Africa

September 12, 2025
Malawi: Regulator Launches Testing Sandbox To Propel Digital Innovation

Malawi: Regulator Launches Testing Sandbox To Propel Digital Innovation

September 12, 2025

Ghana: Documentary – ‘The Eyes of Ghana’ Celebrates The Cinematic History Of The Country

September 12, 2025
BMA And SABA To Recognise And Award Broadcasting Excellence During Convention In Victoria Falls, Zimbabwe – October 2025

BMA And SABA To Recognise And Award Broadcasting Excellence During Convention In Victoria Falls, Zimbabwe – October 2025

September 11, 2025
South Africa: SABC Secures Sponsorship To Broadcast Enable Free-To-Air Broadcast Of 2025 AFCON And More Sports Content

South Africa: SABC Secures Sponsorship To Broadcast Enable Free-To-Air Broadcast Of 2025 AFCON And More Sports Content

September 11, 2025
Monday, September 15, 2025
Broadcast Media Africa
  • Home
  • News & Reports
    • Animation Content
    • Broadcasting
    • Broadcasting Right
    • Broadcasting Rights
    • Cinema Content
    • Connectivity
    • Content Distribution
    • Content Production
    • Content Regulation
    • Film Festival
    • Film Industry
    • Media Regulation
    • Mergers & Acquisition
    • OTT & Streaming
    • Pay-TV
    • Radio Broadcasting
    • Regulation
    • Satellite
    • Tech Features
    • Telecommunications
  • Industry Resources
    • Audio & Podcasts
    • Reports & Presentations
    • TV and Videos
  • Products & Services
    • Promo: Spotlight Service
  • Events
    • All Events
    • BMA Events
  • Join BMA Network
  • Login
Login
Join BMA Network
BMA
  • Home
  • News & Reports
    • Animation Content
    • Broadcasting
    • Broadcasting Right
    • Broadcasting Rights
    • Cinema Content
    • Connectivity
    • Content Distribution
    • Content Production
    • Content Regulation
    • Film Festival
    • Film Industry
    • Media Regulation
    • Mergers & Acquisition
    • OTT & Streaming
    • Pay-TV
    • Radio Broadcasting
    • Regulation
    • Satellite
    • Tech Features
    • Telecommunications
  • Industry Resources
    • Audio & Podcasts
    • Reports & Presentations
    • TV and Videos
  • Products & Services
    • Promo: Spotlight Service
  • Events
    • All Events
    • BMA Events
  • Join BMA Network
  • Login
Login
Join BMA Network
BMA
Join BMA Network
No Result
View All Result
Home Telecommunication

Global Telecom And Pay-TV Spending Surges In 2024, With 2.4 Percent Growth Forecast – Report

November 21, 2024
Reading Time: 3 mins read
A A

According to a report from the International Data Corporation (IDC), global expenditures on telecommunications and pay-TV services are projected to reach US$1,544 billion in 2024, marking a year-on-year increase of 2.4%. This revised forecast improves by 1.0 percentage points from IDC’s May edition.

If this prediction holds, it would represent the strongest annual growth rate observed in the past twelve years.

The upward revisions mainly impact the Middle East, Africa (MEA), and Latin America, primarily driven by hyperinflation in countries such as Turkey, Egypt, Nigeria, and Argentina. In these regions, average revenue per user (ARPU) has risen by more than 50% annually.

In contrast, the outlook for Europe and Asia Pacific has been slightly downgraded due to worsening economic conditions in key markets like Germany and China. Meanwhile, the North American forecast has remained relatively stable, with minor positive changes noted in Canada.

Analysis of telecom services indicates that established trends are still in play despite shifts in overall forecasts. The mobile segment continues to dominate, propelled by the increased use of mobile data and machine-to-machine (M2M) applications, even as spending on mobile voice and messaging services declines.

Growth in the fixed data services segment is expected to continue, driven by the demand for higher bandwidth. However, spending on fixed voice services is projected to decrease as the growth in IP voice services does not balance the rapid decline in traditional TDM voice revenues.

Slight declines are anticipated in the traditional pay-TV market due to the rising popularity of video-on-demand (VoD) and over-the-top (OTT) services. However, these will remain integral to the multi-play offerings provided by telecom operators worldwide.

The global connectivity services market is expected to maintain a positive trajectory over the next five years, with a compound annual growth rate (CAGR) of 2%. Signs of an improving economic climate are anticipated as key central banks in the US and Europe lower interest rates, leading to a decline in inflation that could enhance purchasing power.

However, challenges remain, including market saturation in major countries and ongoing political instability in regions like Eastern Europe and the Middle East. Additionally, potential shifts in economic policy under the new US government could foster a resurgence of protectionism.

IDC’s latest forecast is cautiously optimistic, but growth in the connectivity services market is expected to be slow, pushing operators to explore new revenue opportunities. Kresimir Alic, research director at IDC, emphasises several promising areas for operators, including fibre optics, the Internet of Things (IoT), unified communications as a service (UCaaS), software-defined wide area networks (SD-WAN), and 5G-advanced technologies.

Alic advises telecom companies to accelerate digitalising their business processes, adopt data-centric go-to-market strategies, and innovate business models that leverage telco-as-a-platform and collaborative ecosystems.

He concluded that operators must transform from traditional service providers into comprehensive technology suppliers to emerge as leaders in the digital transformation landscape and secure a significant role in an increasingly digitised world.

Share Tweet Post Email
Tags: FeaturedInternational Data Corporation (IDC)Pay-TVTelecommunication
Share196Tweet123
Previous Post

Telecom Namibia Advances National Connectivity With US$2 Million Fibre Projects

Next Post

Nokia And Airtel Forge Multi-Billion Dollar Partnership To Expand 4G And Launch 5G

Publisher
-
Benjamin Pius
Publisher
-
Benjamin Pius

 About us

Our goal is always to keep industry stakeholders abreast of opportunities in technology and service innovations that are and will shape Africa’s broadcasting and media industry via quality news, information, intelligence and insight .

 Contact us

+44 (0) 207 712 1526
info@broadcastingandmedia.com
BSP Communications Limited
Level 37, One Canada Square
Canary Wharf
London, E14 5AB, United Kingdom

No Result
View All Result
  • Home
  • News & Reports
    • Animation Content
    • Broadcasting
    • Broadcasting Right
    • Broadcasting Rights
    • Cinema Content
    • Connectivity
    • Content Distribution
    • Content Production
    • Content Regulation
    • Film Festival
    • Film Industry
    • Media Regulation
    • Mergers & Acquisition
    • OTT & Streaming
    • Pay-TV
    • Radio Broadcasting
    • Regulation
    • Satellite
    • Tech Features
    • Telecommunications
  • Industry Resources
    • Audio & Podcasts
    • Reports & Presentations
    • TV and Videos
  • Products & Services
    • Promo: Spotlight Service
  • Events
    • All Events
    • BMA Events
  • Join BMA Network
  • Login
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.