Published on : Sep 16, 2016
ALBANY, New York, September 16, 2016: ResearchMoz.us recently announced the addition of a new research report to its online library. The research report, titled “Telecom Business Confidence Report H2 2016,” offers an insightful take on the business confidence and the perspectives of market players in the telecom industry for the second half of 2016. The document analyzes the market drivers and restraints that will influence the trajectory of the telecom industry during 2016 and impact the levels of business confidence. The information presented in the research report has been gathered through interviews, conferences, journals, magazines, and white papers. The document offers a clear assessment of the bargaining power of suppliers and consumers and the intensity of the competitive rivalry as well.
The report finds that the business confidence for H2 2016 (July 2016 – December 2016) is expected to remain steady in contrast to the H1 2016 (January 2016 – June 2016). The respondents of the survey stated that the strengthening economies and changing mindsets towards the importance of telecom industry are likely to keep the confidence intact for the coming period. The sentiment seems positive as the demand for mobile payments, live video streaming, mobile broadband connectivity, and employing an Internet of Things (IoT) for effective business monitoring and real-time problem solving is witnessing an exponential demand in all the regions of the world.
The survey observed that companies are focused towards enhancing their operation efficiency to offer better services to a rising pool of consumers. Furthermore, players are also working towards developing better products in the coming four months as the telecom industry reaches out to the remotest areas of the world. The positive sentiment in the market is being fuelled by these efforts that are persistent despite the increasing pressure to cut down prices, growing competition, and cost containment initiatives within the telecom industry.
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According to the inferences drawn by the survey, 39% of the respondents stated that the present economic conditions are stable, while 21% believed that these conditions are supportive of the industry’s developments. It further indicated that 52% of the respondents are confident about industry’s growth opportunities for H2 2016, whereas 66% believe that competitors are sure that their companies will progress in the remainder fiscal year. Telecom industry in Asia Pacific is anticipated to grow at a formidable rate during H2 2016 and about 87% concurred to this sentiment. Analysts believe that there will a drop of 1.3% in the prices of fixed voice services in the coming six months. However, the unemployment levels are expected to be the highest in North America during the second half of 2016. The research report also provides an analysis of the changing consumer behavior and spending habits that will influence the overall industry in the given time frame.
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