Key Market Indicators
Spanish telecom expenditure is projected to climb to €20.8 billion by 2028, up from €19.1 billion in 2023. This marks an average annual growth rate of approximately 1.3%. Since the turn of the millennium, Spanish demand for telecom services has seen a steady increase of 0.5% each year. In 2023, Spain ranked fifth in telecom expenditure. Italy surpassed Spain with an expenditure of €19.1 billion. Leading the ranking were France, the United Kingdom, and Italy, occupying the second, third, and fourth positions respectively.