All You Need to Know About Covid’s Impact on the Telecommunications Industry
Plunkett Research now provides complete coverage of the Coronavirus’s effects on specific industries, via both our industry almanacs and our Plunkett Research Online system.
The outbreak of the Coronavirus pandemic in 2020 was a boon to the entire telecommunications industry. Hundreds of millions of workers around the world began working at home, along with students of all ages studying at home, all of whom rely on telecom to communicate with clients, coworkers and teachers more than ever before. The telepresence app Zoom especially benefitted, reporting about 265,400 customers that employ more than 10 workers in the February through April 2020 quarter, up 354% over the previous quarter. The firm’s phenomenal success has been shared to a lesser extent by competitors.
There are some negative effects on the industry as well. Mobile phones and internet access are among the last expenses that consumers cut during economic downturns. Nonetheless, there are millions of consumers in less-developed nations who have seen dramatic drops in income due to the virus. Likewise, large numbers of businesses, particularly small businesses, have been forced to close as a result of the virus-related economic downturn, which means that millions of business telecommunications accounts have been closed worldwide.
Plunkett Research, Ltd. is the leading provider of industry sector analysis and research, industry trends and industry statistics. Both our Plunkett Research Online and our 2021 Industry Almanacs feature coverage of the Coronavirus’s effects on specific industries. Our research reports and online subscription service are used by the world’s top corporations, consultants, universities, libraries and government agencies.
Plunkett’s products save time and effort when you need competitive intelligence, market research, vertical industry marketing data, or industry trends analysis. We cover such vital industry sectors as health care, financial services, retailing, entertainment, energy and information technology.
For everything you need to know about the global Telecommunications sector, see:
Plunkett’s Telecommunications Industry Almanac 2021
Available to Plunkett Research Online subscribers
See more information about the online edition here.
Also available in Almanac Editions.
Publication Date: August 2020 | Price: $379.99
Printed ISBN: 978-1-62831-579-0
eBook ISBN: 978-1-62831-886-9
See the complete listings of book contents and details here.