For several years, telecommunications industry experts have reported that the industry is reaching a tipping point. Largely unsuccessful monetization of data, market amalgamation, value migration, technological disruption, and rapidly changing business models, are just a few of the issues faced by global telecom companies in recent years.
Technological disruption has especially been a game changer for the telecom industry, as competition has emerged from over-the-top voice, messaging and video streaming services, which have pushed the industry closer to the aforementioned tipping point. Consequently, telecommunications companies are increasingly seeking to increase market share and enter into new markets, largely through mergers and acquisitions.
Therefore, telecommunications executives must understand economic and demographic trends that will shape the future of demand and consumer spending in the markets in which they operate and in those that they plan to expand. Thus, comprehensive coverage of the global economy is imperative to the future of the telecommunications industry.
FocusEconomics helps telecommunications firms by providing forecasts for 127 countries world-wide including the notoriously underreported emerging markets in Latin America, Asia and Sub-Saharan Africa. Additionally, our data is sourced from over 900 world renowned economic experts, which we use to calculate the FocusEconomics Consensus Forecast, the most accurate forecast on the market.
FocusEconomics reports can help telecommunications industry professionals to anticipate threats, save time, and most importantly reduce risk, in order to make sound business decisions.