Telecom Business Confidence Report 2016 | Recent Market Survey

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An increasing number of respondents state that the current economic conditions are stable and the future outlook remains positive in anticipation of trends such as significant growth prospects in India due to increasing consumer spending and lower commodity prices, and robust growth in the US due to rise in labor markets and favorable monetary policies. Moreover, respondents expressed positive change in customer confidence within the telecom industry over the next six months, due to projected growth momentum for Big Data analytics, digitization, and mobile Internet in 2016, and intense growth in smart phone device sales with 3G and 4G services. Over the next six months the industry will increase its expenditure towards new product development and mergers and acquisitions.

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Key Findings

Of respondents, 45% believe the current economic conditions to be stable, whereas 25% of executives indicate that economic conditions are favorable in H1 2016 (January-June 2016)

Overall, 65% and 55% of industry competitors are more confident about their company's and industry's growth prospects, respectively, in H1 2016

The highest percentage of executives operating in Asia-Pacific expect a positive change in customer confidence compared to other regions in H1 2016

On average, the price of fixed voice services is expected to decrease by 0.9% over the next six months

Industry executives around the world highlight regulatory interventions, OTT (Over-The-Top) services, and cyber crime as key industry and social/political concerns likely to impact their company's performance over the next six months

Synopsis

Pyramid Research's Telecom Industry Business Confidence Survey H1 2016 examines executives' opinion on the business environment over...