Worldwide spending on telecom services and pay TV services totaled $1,615 billion in 2018 that’s an increase of 0.8% year over year, according to IDC research. IDC expects worldwide spending on Telecom and Pay-TV services to reach $1,657 billion in 2023.
“Roughly three-in-ten adults with household incomes below $30,000 a year (29%) don’t own a smartphone. More than four-in-ten don’t have home broadband services (44%) or a traditional computer (46%). And a majority of lower-income Americans are not tablet owners.”
U.S. pay-TV ‘cord cutting’ in 2018 increased by 25% from 2017, due to the overall growth of SVOD internet streaming services. Satellite pay-TV providers suffered the largest loss of subscribers, followed by cable and telco service providers.
via MIDiA Research
Today, through the use of the internet, open technology means enabling customers to have the flexibility, knowledge and confidence to make future-proof technology investments, as well as the ability to extend and enhance software to meet their needs.
Cross-border transactions recorded on the blockchain will surge to 1.3 billion by 2023 — that’s a CAGR of 82% over the next 4 years. The value of transactions recorded on the blockchain will thus reach an unprecedented $3.4 trillion; a CAGR of 87% over the next 5 years.
via Juniper Research