Ovum: Telco Service Provider Revenues Could Top $297 Billion by 2020
Independent global analyst firm Ovum has predicted that telecommunications service provider revenues will increase at a 9.9 percent compound annual growth rate (CAGR) between 2015 and 2020 to more than $297 billion. Here's everything you need to know.
Global managed telecommunications service provider revenues could grow significantly over the next few years, according to Ovum.
The independent global analyst firm has predicted that telco service provider revenues will increase at a 9.9 percent compound annual growth rate (CAGR) to more than $297 billion worldwide between 2015 and 2020.
Other Ovum predictions include:
The biggest growth areas for telco strategic services are Latin America (17.8 percent CAGR), Africa (17.5 percent), the Middle East (16.4 percent) and Central Asia (13.0 percent).
The big markets of 2015 – Europe and North America – will grow more slowly but will still be the largest in 2020.
More telcos could offer enterprise managed services through dedicated business units or divisions and challenge or partner with systems integrators and IT service providers in the large enterprise sector.
In addition, Ovum noted that information and communications technology (ICT) services such as unified communications (UC) “represent the new generation of dedicated IT and IP communications services that [telco] service providers are able to offer under contracts with enterprise customers.”