PUBLISHER: IDC | PRODUCT CODE: 1422614
PUBLISHER: IDC | PRODUCT CODE: 1422614
Top 5 Trends in Telecommunications Digital Services and Monetization to Watch in 2024
This IDC Market Perspective examines the top 5 trends that will impact the global communications service provider market in 2024. These trends include the strategic imperative of generative AI (GenAI) for the telecom industry, the emphasis on FWA and private 4G/5G networks, the monetization of tailored managed services using network-as-a-service (NaaS) consumption model, the evolution of application programming interfaces (APIs) strategies for monetizing network assets, and the increased deployment of satellite connectivity to extend the reach of digital services."Digital transformation is crucial for comms SPs to stay relevant and support the needs of organizations as they face the full impact of digital business evolution," says Peter Chahal, research director, IDC's Telecom Insights. "Monetization of digital network services will benefit from GenAI, as it drives a fundamental shift in how businesses bolster customer experience and internal productivity, transforming the telecom industry."
Executive Snapshot
New Market Developments and Dynamics
- GenAI a Strategic Imperative for the Comms SP's Digital Infrastructure
- Increased Emphasis on 5G Monetization by Embracing FWA and MPN
- Monetization of Tailored Managed Network Services with NaaS
- Evolution of API Strategies as Comms SPs Monetize Network Assets
- Satellite Connectivity to Extend the Reach of Unified Digital Service Fabric
Advice for the Technology Supplier and Services Provider
- Comms SPs Should Make GenAI a Game Changer
- Consider a Managed Services Approach to 5G FWA and MPNs
- Articulate the Value of NaaS to Organizations
- Develop Your Model to Support Standards-Based Network API Monetization
- Comms SPs and Satellite Operators Must Develop Alliances Over the Long Term
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