Impact of COVID-19 on Global Telecommunication Industry Growth, Size, Share and Forecast 2019-2025

Telecom companies reported a mixed set of revenues as the companies swung to profitability then witnessed a sharp decline in the revenue. Some of the companies such as Vodafone, Virgin, GiffGaff, Tesco, among others experienced a huge sharp fall whereas telecom players such as Reliance Jio, Bharti Airtel, and Vodafone Idea experience a jump in the demand for the network. The key factors that flourished the growth of the telecom industry before the pandemic were increased usage of the internet among the population along with attractive subscription plans for the customers. After the outbreak of COVID-19, the telecom companies witnessed a sharp decline in the revenue generation.

A full report of Impact of COVID-19 on Global Telecommunication Industry is available at: https://www.omrglobal.com/industry-reports/telecommunication-market

The telecommunication sector is mainly divided into telecom equipment, telecom services, and wireless communication. Telecom equipment is the most affected segment among all three. Device vendors were among the most affected as the sales of the devices declined due to the shutdowns and lockdowns across the globe. For instance, in March 2020, Apple Inc. closed its all outlets across the US. Whereas, some of the operators experienced growth as several workers are being told to work from home as the risk of coronavirus engulfs more countries continuously.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/telecommunication-market

Based on the regional viewpoint, the most affected regions include China, Italy, Spain, Germany, France, UK, and the US. Major companies across the telecommunications sector are planning for changes in data usage as the data consumption is expected to shift from organizations to home; as more people will work or study from home amide lockdowns. For instance, the National Broadband Network rollout is 94% complete in Australia, and soon it will surpass 11 million homes and businesses to provide high speed, reliable broadband networks. Google-owned YouTube also changed its default video quality setting in order to reduce the stress on the telecommunication sector.

The prominent players operating in the global telecommunication industry include Verizon Communications Inc., Vodafone Group Plc, NTT Corp., Deutsche Telekom AG, Huawei Technologies Co., Ltd., Telefonica SA, America Movil, BT Group, Turkcell Iletisim Hizmetleri, and VEON Ltd., among others. Due to the outbreak of the pandemic coronavirus, these companies are largely affected.

Verticals Affected Most

o Equipment
o Service
o Wireless Communication

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/telecommunication-market

Impact of COVID-19 on Major Economies

North America

o United States
o Canada

Europe

o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe

Asia-Pacific

o China
o India
o Japan
o Rest of Asia-Pacific

Rest of the World

Companies Covered

o Alcatel-Lucent S.A
o Altice Europe N.V.
o America Movil, S.A.B. de C.V
o AT&T Inc.
o BT Group PLC
o China Mobile Ltd.
o China Telecom Corp.
o Cisco Systems, Inc.
o Comcast Corp.
o Deutsche Telekom AG
o Fujitsu Ltd.
o Huawei Technologies Co., Ltd.
o KDDI Corp.
o The Nippon Telegraph and Telephone (NTT) Corp.
o Reliance Jio Infocomm Ltd. SoftBank Telecom Corp.
o Telefonica SA
o Turkcell Iletisim Hizmetleri A.S.
o VEON Ltd.
o Verizon Communications Inc.
o Virgin Group Ltd.
o Vodafone Group PLC

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com

This release was published on openPR.