The global telecoms and media market will generate $1,58 trillion in revenues in 2021 from 11,96 billion connections, according to statistics from research firm Ovum.

The US will be the world’s largest telecoms & media market by revenues throughout the forecast period, with revenues of $402 billion in 2021 generated from 805 million connections. US revenues will be 25 % of the global total in 2021, compared to US connections, which will be 7 % of the global total.