Report on revenue diversification of telecom operators in 2021 From GSMA
The following is the Report on revenue diversification of telecom operators in 2021 From GSMA recommended by recordtrend.com. And this article belongs to the classification: GSMA, telecommunication industry , research report.
GSMA released the “operator revenue diversification report” and analyzed that covid-19 promotes digitization, resulting in continued peripheral growth of core business.
1. Business diversification drives growth. People usually doubt the success of operators other than core telecom, but GSMA research shows that operator revenue diversification is real. For the operators analyzed, the average contribution to the total revenue of non core services reached 24% in 2020, higher than 18% in 2017.
2. Progress outside the core varies, and the percentage of non core revenue of operators in total revenue varies greatly, from 15 to 40%. There is no “one size fits all” approach to diversification strategies or timetables. Revenue diversification is flexible for most operators, but mergers and acquisitions have provided impetus for at & T, Softbank and Verizon, KT and SK Telecom.
3. Strategy and finance are more important than ever. In recent years, revenue diversification has become the strategic focus of major operators, and services outside the core have now become a key part of the growth story. Among the operators analyzed, 2 / 3 of the peripheral services are the only source of revenue growth in 2020.
4. The new crown is a catalyst. The pandemic has accelerated the transformation of consumers and enterprises to digitization and promoted further growth beyond the core. In the enterprise market, with the acceleration of digital transformation, the demand for value-added services (especially cloud and security) has increased significantly.
5. In the future, with the acceleration of enterprise digitization process, there is still potential for further growth beyond the core business, especially in the B2B field. Cloud and security will continue to drive B2B revenue growth. Operators are also strengthening financial services (B2B and B2C) in all regions, including obtaining new digital banking licenses.
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