The global telecom software and services market in 2019 grew about 1% to US$66.9 billion, with Nokia again ranked as the top service provider by market share with approximatelly US$4. billion, according to the rankings by research firm Analysys Mason in its latest annual report.
Communications and collaboration software market spending in Australia is forecast to grow 20% year-on-year in 2020 amidst the COVID-19 crisis, bucking the trend of a decline in spending on most of the country’s ICT solutions.
Despite COVID-19 resulting in revenue pressures from slowing sales and consumer demand for new products, many major telecoms carriers say they still have the cash flow to move ahead with 5G deployments, according to one global data and analytics firm.
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