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Telecom network services market in Western Europe will grow by 4% this year, predicts IDC
February 13, 2004
1 Min Read
LONDON -- According to the latest research from IDC, the overall market for telecommunications network services is set to grow by an estimated 4% during 2004.
"This level of growth is significant when one considers the uncertainty that has blighted the sector over the last few years," said Eric Owen, vice president of IDC's European Telecommunications service. "2003 was a stabilizing year for the industry when service providers were left to ponder their financial positions and growth strategies."
Among IDC's predictions for the telecoms industry in 2004 are the following:
In the voice communications environment, fixed-line service providers are now conscious of the migration of traffic and revenue on to wireless networks. Hence they are keen to offset revenue losses with new bundled product initiatives.
Linked to growth in IP VPNs and broadband will be growth in the use of IP voice solutions, particularly in the enterprise market. Service providers are now evolving IP voice portfolios in order to attract more of the value-added enterprise business.
The outlook for the mobile market will be positive in 2004 as many of the operators have now come to terms with the financial difficulties they experienced in the last couple of years. Collectively, the industry has made significant steps forward and put in place the building blocks for a multimedia future.
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