全球通讯设备投资:趋势与预测(2019年～2031年)

"资本支出的下降主要归因于产业特定因素，而非宏观经济因素。"

全球电信资本支出（包括非营运商资本支出）在2022年达到3,860亿美元的峰值，随后在2024年下降9%，至3,500亿美元。关于这种下降趋势将持续多久以及是否会復苏，仍有疑问。

本报告研究并分析了全球电信资本支出，并按资产类型和供应商对8个地区、13个国家和欧盟的基础设施、硬体和软体投资进行了详细预测。报告也探讨了支出趋势。

报告中解答的问题

• 从现在到2031年，电信资本支出的趋势是什么？其驱动因素为何？
• 由于担心流量成长放缓，支出是否会下降？
• 哪些技术和架构将推动营运商支出成长，哪些又将下降？
• 非传统业者、批发供应商、云端/企业伙伴将贡献多少资本支出？

"Declining capex is principally caused by sector-specific, not macroeconomic, factors."

Telecoms capex (including capex from non-operators) worldwide peaked in 2022 at USD386 billion; by 2024, it had fallen by 9% to USD350 billion. As such, questions remain over how long the decline will last and whether there will be a rebound.

This report provides granular capex forecasts for infrastructure, hardware and software by asset type and source for 8 global regions and 13 individual countries, plus the EU.

It provides historical data from 2019 and forecasts to 2031 for capex by:

• source: operators, infracos, content and application providers (CAPs) and enterprises
• network asset type: wireline access, wireless access, wireless x-haul and packet core, transport networks, operator data-centre and cloud stack spend and capitalised software
• category: infrastructure and technology
• new versus legacy network
• growth versus maintenance.

The report also provides an explanation of the spending trends we see.

Questions answered in this report:

• What do we expect the trends in telecoms capex to be between now and 2031, and what are the drivers for investment?
• Will concerns about slowing traffic growth result in lower spending?
• For which technologies or architecture will operator spending grow, and for which will spending decline?
• How much capital spending will be made by non-traditional operators, wholesale providers and cloud or enterprise co-investors?