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Home Industry Telecommunications

AI to help telcos maintain healthy margins, says IDC

FutureIoT Editors by FutureIoT Editors
May 13, 2024
Photo by Field Engineer: https://www.pexels.com/photo/serious-ethnic-field-engineer-examining-hardware-and-working-on-laptop-442152/

Photo by Field Engineer: https://www.pexels.com/photo/serious-ethnic-field-engineer-examining-hardware-and-working-on-laptop-442152/

IDC forecasts worldwide spending on Telecom Services and Pay TV Services to reach US$1,509 billion in 2023, an increase of 2.1% over 2022. IDC expects worldwide spending on Telecom and Pay TV services will increase by 1.4% in 2024 and reach a total of US$1,530 billion.

In terms of value, the progress of the global market slowed during the latter half of 2023 as the growth rate recorded for the full year was approximately one percentage point lower than IDC's previous forecast.

This deceleration primarily resulted from slower-than-anticipated progress in the Americas, where a combination of sluggish economic growth, relatively high inflation, and saturated markets created an unfavourable environment for market development.

The five-year outlook for the global connectivity services market remains positive, albeit slightly less optimistic than the previous forecast. In the Asia/Pacific region, slower growth can be attributed to the cooling down of the Chinese economy. Nevertheless, positive trends are anticipated due to expected healthy growth in India and other developing markets.

An analysis by service type confirms that well-established trends persist, even in the face of changes in top-line forecasts. The mobile segment continues to be the largest, driven by the growth in mobile data usage and Machine-to-Machine (M2M) applications. This growth offsets declines in spending on mobile voice and messaging services.

Additionally, the fixed data services segment continues to grow due to the increasing demand for higher-bandwidth services. However, spending on fixed voice services is projected to deteriorate over the forecast period as the decline in traditional voice revenues is not fully compensated for by the increase in IP voice.

Despite a slight decline in the Pay TV market due to the rising popularity of video-on-demand (VoD) and Over-The-Top (OTT) services, these offerings will remain an essential part of telecom providers’ multi-play services.

It is obvious that the development of the connectivity services market remains very slow, and the anticipated growth of the telcos' revenues is way too low to keep their owners happy. "With the emergence of artificial intelligence (AI) and advanced analytics, the telecom operators have obtained a new powerful ally that should help them modernize their business operations and improve efficiencies," said Kresimir Alic, research director, Worldwide Telecom Services at IDC.

He claimed that IDC research has already identified a huge number of use cases including customer service chatbots, virtual assistants, and field technicians, as well as the usage of AI for network modernization and predictive maintenance, network traffic management, personalized marketing, fraud detection and prevention, churn predictions, and revenue assurance.

“These enhancements, together with many others that will be invented soon, should undoubtedly help telecom operators to streamline operations, enhance customer experiences, and stay competitive in this rapidly evolving industry," he added.

Related:  Cloud infrastructure expansion to enable telcos to improve resource allocation
Tags: IDCM2M
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