target audience: TECH SUPPLIER Publication date: Jan 2024 - Document type: Market Perspective - Doc Document number: # US51417824
Top 5 Trends in Telecommunications Digital Services and Monetization to Watch in 2024
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Abstract
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."