target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: Market Perspective - Doc Document number: # EUR150732723
Revenue Diversification Beyond Connectivity: Growth Strategies for European CSPs
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Abstract
This IDC Market Perspective provides an overview of European telcos' digital transformation efforts to diversify revenue beyond core connectivity offerings. We outline key investment areas as well as organic and inorganic growth for the European telco market. This report also analyzes six key European telcos with a deep dive into three case studies of telco revenue diversification strategies.
"An important factor behind a revenue turnaround for telcos is to provide relevant 5G solutions to the market that focus on delivering outcomes. The scope of services beyond connectivity consists of a diverse range of B2B services and solutions for vertical industries. One of the most promising first target areas is cloud and edge services for enterprises in burgeoning IT areas such as AI, IoT, and cybersecurity," said Masarra Mohamed, research analyst, IDC.