全球通訊設備投資:趨勢與預測(2019年～2031年)

"資本支出的下降主要歸因於產業特定因素，而非宏觀經濟因素。"

全球電信資本支出（包括非營運商資本支出）在2022年達到3,860億美元的峰值，隨後在2024年下降9%，至3,500億美元。關於這種下降趨勢將持續多久以及是否會復甦，仍有疑問。

本報告研究並分析了全球電信資本支出，並按資產類型和供應商對8個地區、13個國家和歐盟的基礎設施、硬體和軟體投資進行了詳細預測。報告也探討了支出趨勢。

報告中解答的問題

• 從現在到2031年，電信資本支出的趨勢是什麼？其驅動因素為何？
• 由於擔心流量成長放緩，支出是否會下降？
• 哪些技術和架構將推動營運商支出成長，哪些又將下降？
• 非傳統業者、批發供應商、雲端/企業夥伴將貢獻多少資本支出？

"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?