Global telecom, Pay TV services to reach $1.5 trillion in 2021

New Delhi: Driven by remote working, collaboration and online media consumption, worldwide spending on telecommunications and pay TV services is forecast to reach $1.5 trillion in 2021, representing an increase of 1 per cent over 2020.

The fastest expansion is still expected in the Asia-Pacific region.

According to an IDC report, while the value of fixed voice and mobile voice services segments will be gradually declining, the value of fixed data and mobile data services portions will be slowly growing.