COVID-19 IMPACT SURVEY MAY 2020
Amid the COVID-19 crisis and the looming economic recession, the Mobile Data Traffic market worldwide will grow by a projected 135.7 Million Terabytes per Month, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 25.2%. Video, one of the segments analyzed and sized in this study, is forecast to grow at over 27.1% and reach a market size of 120.3 Million Terabytes per Month by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Video market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 22.1% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 5.3 Million Terabytes per Month to the region's size over the next 7 to 8 years. In addition, over 4.7 Million Terabytes per Month worth of projected demand in the region will come from Rest of European markets. In Japan, the Video segment will reach a market size of 3.9 Million Terabytes per Month by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Mobile Data Traffic market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 34.2% over the next couple of years and add approximately 22.6 Million Terabytes per Month in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Mobile Data Traffic market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others, AT&T, Inc.; Bharti Airtel Limited; China Mobile Limited; China Telecom Corporation Limited; China Unicom (Hong Kong) Limited; KDDI Corp.; KT Corp.; NTT DoCoMo Inc.; Orange S.A.; SK Telecom; Telefónica S.A.; Telenor ASA; Telstra Corporation Limited; Verizon Communications Inc.; Vodafone Group Plc.