City
Epaper

Enterprise services emerge as 'new value engine' for telcos: Report

By IANS | Published: June 06, 2021 1:24 PM

Mumbai, June 6 As digital transformation has gathered an unprecedented pace amid the pandemic, enterrise services have emerged ...

Open in App

Mumbai, June 6 As digital transformation has gathered an unprecedented pace amid the pandemic, enterrise services have emerged as the new value engine for telecom services providers, according to a report by ICICI Securities.

Noting that corporates are adopting cloud solutions and traditional networks are not purpose-built for it, it said that these new solutions, which run on internet WAN, are challenging the conventional hub and spoke model.

"Enterprise services are emerging as new value engine for telcos amid rise in demand for services in the wake of digital transformation," it said.

Services are also sold independent of network, which is challenging the conventional model.

However, this is also pushing telcos to re-innovate and broaden their service offerings by expanding into platform or software services.

Market for traditional services (voice and data) are declining, but the larger markets are opening up to cloud and managed services, such as security, edge computing, unified communications, among others, said the report.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Icici securities
Open in App

Related Stories

BusinessTrendlyne launches Starfolio, a free baskets investing product

InternationalIndian equity markets to trade in range-bound manner: ICICI Securities

InternationalMargin recovery highlight of Q3 results: ICICI Securities

InternationalNifty50 expected to touch 20,000 in CY2023: ICICI Securities

BusinessWorst largely over for Rupee, may appreciate towards 80/USD by end of 2022-23, says ICICI Direct

International Realted Stories

InternationalGuterres expresses 'appreciation' for India's contributions amid signs Indian UN staffer killed in Israel attack in Gaza (3rd Lead)

InternationalIndian Army veteran on UN assignment killed in Gaza attack

InternationalOverseas Friends of BJP France organise 'NRI4Namo' Paris Car Rally to support PM Modi's re-election campaign

InternationalFood Innovation Conference 2024 explores establishing resilient, sustainable food systems

InternationalSharjah to promote aesthetics of Emirati culture in Greece at Thessaloniki International Book Fair 2024