PricewaterhouseCoopers’ Global Telecom Outlook 2024-2028 projects that the telecommunications industry will generate $1.3 trillion in revenue by 2028, despite sluggish growth and pricing challenges.
According to the report, total service revenue from fixed and mobile networks grew by 4.3% in 2023, reaching $1.14 trillion.
However, the industry’s revenue growth rate is projected to decline in the coming years.