According to the U.S. Bureau of Labor Statistics, 5G technology could trigger, by 2026, a more than 30 percent rise in demand for application developers and similar increases in demand for skilled and experienced cybersecurity analysts.
via Korn Ferry
Worldwide spending on traditional hardware, software, services, and telecommunications is on course for growth of 3.7% this year in constant currency – that’s slightly down from last year’s 4.2% growth, and will reach $4 trillion in 2018, according to the latest findings from IDC.
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.