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August 2020
IT Network Telephony
Global telecom services were valued at over $1.7 trillion in 2019 and is expected to grow at 5% CAGR over the next couple of years. The main growth drivers in the industry include the adoption of smart mobile devices in personal and business settings, as well as the rise of cloud technologies. Continued technological advancements force large players in the industry to make M&A an important part of their growth strategy.