SOURCE: PricewaterhouseCoopers LLP
Wholesale Approach to Cloud Services Affords Telcos New Opportunities
New York, 16 Oct 2013 ‑‑ PwC’s latest report on cloud services in the telco industry’ finds that a new ‘wholesale’ method has emerged as a means for them to enter the cloud services business. Previously, growing cloud services via acquisition or developing them in-house were the primary options.
Pierre-Alain Sur, Global Communications Industry Leader, PwC, said: “Telcos are not receiving the same double digit growth that the global cloud sector is currently experiencing. The global market for cloud services is expected to grow 18% in 2013 to $131 billion and to $244 billion by 2017, which translates to a compound annual growth rate of 17.1%1. That’s a huge opportunity. But if telcos want to enter the cloud services market, they must consider several key factors and manage them strategically if they want to achieve success.”