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Global Telecom Industry: Rise in Expenditure towards New Product Development Expected in H1 2017

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Published on : Apr 03, 2017

Albany, New York, April 03, 2017: As per the report, new product development is expected to be the area which will see a rise in expenditure in H1 2017. The study examines existing economic conditions, sales performance, supplier price variations, spending patterns, key priorities, and industry growth outlook. In addition to this, information is categorized by region and thus, highly useful in determining which area would be the largest contributor to the revenue and which region will experience a sluggish growth. The opinion of executives about the business environment of the telecom industry during H1 2017 is also given in the report. 

As per the survey carried out, 58% of the respondents in North America expected a favorable economy for the region in H1 2017. Some of the other factors expected to drive customer confidence for the growth of the telecom industry include expansion of fiber optic networks, low market interest rates, improved investment atmosphere, improvements in trade, declining unemployment rates, and rising market consolidation. The report suggests that gaining cost leadership and customer retention are two of the key priorities for respondents operating in North America.

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It is anticipated that the price of mobile data service will increase in Asia Pacific during H1 2017. As per 40% respondents, Asia Pacific is expected to have a favorable economy over the next six months. In addition to this, respondents in Europe and the Rest of the World also have a positive outlook about the growth prospects of the telecom industry in the next six months. The study also states that the two important factors influencing business environment for operators in the Rest of the World include, exchange rate volatility and regulatory intervention. 

The report is valuable for those organizations, wishing to make effective and strategic business decisions as it provides data about the current business conditions within the telecom industry. The change in customer confidence during H1 2017 and the expected change in supplier price across categories, along with their impact on business confidence are analyzed. The areas in which industry executives are expected to invest in the coming years are highlighted.

The study discusses change in the staff headcount and sales performance. Information regarding major business concerns, as indicated by respondents in the survey is also given in the report, making it extremely informative and useful for investors. As a whole, this report offers key factors impacting the telecom industry business both in a positive and negative way, as well as lists out the potential opportunities in this industry. 

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