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Amid growing pricing pressure, cost containment, and rising competition within the telecom industry, companies are planning to increase their focus on business expansion in existing market, new product development, and improving operational efficiency. Additionally, global telecom industry business executives from large companies expect a surge in capital expenditure on IT infrastructure development and new product development over the next six months.
From a geographic perspective, out of 111 respondents, 41 (37%) are based in Rest of the World (Middle East, Africa, and Latin America), 26 (23%) are based in Europe, 23 are based in North America, and 21 are based in Asia-Pacific. The largest block of respondents (41%) came from the service provider community, with professional services companies and equipment/device vendors accounting for 20% and 14% of respondents respectively.
What to expect over the next six months (May-October 2016)
- Improving operational efficiency is the major priority for telecom companies operating in Asia-Pacific over the next six months
- Small telecom operators intend to increase capital expenditure on IT infrastructure development and machinery and equipment purchases over the next six months
- A large segment of telecom companies operating in Asia-Pacific expect their annual procurement budget to be more than US$100m over the next six months
- Overall, the implementation of e-procurement is a priority for majority telecom operators and suppliers
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