The telecoms market size is expected to touch $3450 billion by 2022, growing at a CAGR of around 6% . The growth in the telecoms market is attributed to rapidly growing smart cities and emerging market growth. One of the key drivers of the market growth includes-Economic growth, the global economy is expected to go through a continued period of growth during 2018-2022. The US economy has shown strong growth in 2018, and this is likely to continue during the forecast period. The Covid situation also fuels the usage of Telecom Infra and revenue significantly. The European market is expected to see strong growth in the period between 2018 and 2022. Emerging markets are expected to continue to see generally higherlevels of growth than the developed markets during this period. This continued economic growth will be a driver for the telecoms market as greater economic activity will drive the use of telecoms services.
While growth momentum continues , sector is experiencing concern on financial health, rapidly falling ARPU (average revenue per user), delays in the rollout of innovative products and services, low broad band penetration, limited spectrum availability, high competition and tariff war etc.
We are partnering with Telecom service providers to work along several innovative products ,Digital transformation and outsourcing program to help them reduce the opex and invest into the operations and technologies which can help them gain additional revenue and superior customer experience.