Juniper Research has found that annual global mobile network operator-billed revenues from voice and data services are expected to fall by over $50 billion during the next 5 years — that’s from $837 billion last year to $785 billion in 2022.
A recent worldwide market study by Juniper Research found that revenues from Rich Communication Services (RCS) messaging will exceed $9 billion by 2022 — that’s up from an estimated $126 million in 2018. RCS, backed by Google, supports rich media content including video sharing and file transfers.
Today, 77 percent of all telecom service providers will now require some level of digital transformation over the next three years, to meet the changing market needs in their franchise area and to remain competitive, according to the latest worldwide market study by 451 Research.
The worldwide fixed wireless broadband access market has been growing steadily over the past several years. ABI Research now forecasts that the market will grow by 30 percent in 2018 and will generate $18 billion in service revenue. That being said, let’s explore the market dynamics.
In its latest benchmarking study to identify the leaders and laggards in telecom service provider innovation, ABI Research has concluded that Asian telcos are the recognized technology trailblazers, followed by U.S. tier-one service providers, AT&T and Verizon.
Mobility services will be the largest technology category throughout the 2016-2021 forecast period, accounting for nearly 60 percent of overall mobility spending and surpassing $1 trillion in 2021. The category is dominated by mobile connectivity services, which will deliver more than 90 percent of all mobility services spending.