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.

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The study on the telecommunication industry is incorporated by extensive primary and secondary research conducted by the research team. In secondary research, different approaches have been adopted to derive the market value, market growth rate and analyze trends in the industry due to the COVID-19 pandemic. In the report, the analysis of the country is provided by analyzing various regional players, laws &policies, consumer behavior, macro-economic factors and impact of the pandemic. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures. Besides, an expected recovery timeline of the industry will also be provided with the best- and worst-case scenario which will aid the companies to take their future steps in the global telecommunication industry.

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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.

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., Telefónica SA, América Móvil, BT Group, Turkcell Iletisim Hizmetleri, and VEON Ltd., among others. Due to the outbreak of the pandemic coronavirus, these companies are largely affected.

Global Telecommunication Market– Segmentation
By Mode of Transportation
• Road
• Sea
• Rail
• Air
By Application
• Food and Beverages
• Chemical
• Pharmaceutical
• Others
Global Telecommunication Market – Segmentation by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Alcatel-Lucent S.A
• Altice Europe N.V.
• América Móvil, S.A.B. de C.V
• AT&T Inc.
• BT Group PLC
• China Mobile Ltd.
• China Telecom Corp.
• Cisco Systems, Inc.
• Comcast Corp.
• Deutsche Telekom AG
• Fujitsu Ltd.
• Huawei Technologies Co., Ltd.
• KDDI Corp.
• The Nippon Telegraph and Telephone (NTT) Corp.
• Reliance Jio Infocomm Ltd.SoftBank Telecom Corp.
• Telefónica SA
• Turkcell Iletisim Hizmetleri A.S.
• VEON Ltd.
• Verizon Communications Inc.
• Virgin Group Ltd.
• Vodafone Group PLC
Market Overview and Insights
• Scope of the Report
• Analyst Insight & Current Market Trends
• Key Findings
• Recommendations
• Conclusion
• Government support/Bailout packages for the telecommunication industry
• Supply & Demand Analysis

Historical Market Overview

• Historical Market Growth Estimation in Telecommunication industry excluding COVID-19 pandemic
• Deviations in Telecommunication industry growth rate due to COVID-19 pandemic
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