A recent report from the Dell’Oro Group forecasts the worldwide telecom capex — the sum of wireless and wireline investments — will have a one percent compound annual growth rate (CAGR) between 2019 and 2022, despite uncertainties surrounding the coronavirus pandemic.

In the U.S., the three years of predicted growth in telecom markets will bring elevated investments in mid-band capex, millimeter wave spectrum, and low-band projects. Wireless capex is projected to grow faster than wireline, due to projections of a rapid acceleration in 5G investment.

Source: Dell’Oro Group