{"id":7581,"date":"2019-07-08T09:47:56","date_gmt":"2019-07-08T09:47:56","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=7581"},"modified":"2019-07-08T09:47:56","modified_gmt":"2019-07-08T09:47:56","slug":"the-multi-trillion-dollar-global-sales-opportunity-for-csps","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/the-multi-trillion-dollar-global-sales-opportunity-for-csps\/","title":{"rendered":"The Multi-Trillion-Dollar Global Sales Opportunity For CSPs"},"content":{"rendered":"
\"The
The Multi-Trillion-Dollar Global Sales Opportunity For CSPs<\/figcaption><\/figure>\n

A research validates the multi-trillion-dollar enterprise ICT sales opportunity facing Communication Service Providers (CSPs). The study, conducted by technology consultancy\u00a0BearingPoint\/\/Beyond<\/a>, surveyed 250 decision makers in enterprises in Europe, Asia and the USA, and found that 97 percent of organizations were willing to purchase ICT services from CSPs. The study also investigated the approach and changes 100 CSPs are making to address this massive opportunity with their enterprise customers.<\/p>\n

The research discovered that if CSPs are to successfully claim their share of a market estimated to be worth USD$3.6 trillion by 2022, they must re-align their investment strategies and offer reassurance to enterprises that they will accelerate innovation and speed to market, invest in better understanding their customers\u2019 business needs and improve collaboration with other valued partners.<\/p>\n

That is because CSPs were not long ago monopolised by few companies. And these\u00a0providers, operating under the umbrella of CSP, include traditional CSPs like wireless and landline telecommunications, cable and satellite communications providers that own their own\u00a0infrastructure<\/a>. Also included are content providers and cloud communications providers, which use a customer bring your own bandwidth (BYOB<\/a>) model, among others. New technologies and open regulation are unfolding new opportunities in the market.<\/p>\n

\u201cEnterprise IT spending is huge, growing fast, and one of the last untapped growth engines for CSPs in saturated markets. Enterprise will be pivotal to 5G and IoT. The research makes for positive reading in the main \u2013 there is an obvious opportunity for CSPs to capitalize on – but there are obstacles they must overcome. Among them, they must prioritize investment in enterprise, junk overly bureaucratic legacy processes and policies that slow them down and commit to understanding and engaging with enterprise customers differently,\u201d<\/em> said Angus Ward, CEO BearingPoint\/\/Beyond. \u201cCritically, CSPs must act quickly \u2013 if not, they stand to lose out to more agile and open competitors.\u201d<\/em><\/p>\n

The study identifies six critical areas of improvement for CSPs, the more prominent three are:<\/h2>\n

1. Improve levels of investment to drive enterprise revenue<\/strong><\/p>\n

    \n
  • 47% of operator executives expect the enterprise segment to be their organization\u2019s main revenue source in 2-3 years<\/li>\n
  • But only 31% expect this segment to be their main focus for investment. CSPs must better align their investments with revenue drivers or they will lose out<\/li>\n<\/ul>\n

    2. CSPs need to remove overly bureaucratic processes and legacy technology that is stifling innovation to rapidly meet the needs and expectations of enterprise customers<\/strong><\/p>\n

      \n
    • 39% of enterprises pointed to challenges around innovation and solution relevancy in working with CSPs in the past<\/li>\n
    • Only 26% of enterprises see CSPs as a key partner for new and innovative ICT services today<\/li>\n
    • When asked how CSPs can become preferred IT partners, the most popular enterprise response was for CSPs to collaborate with other vendors to provide complete, \u201cjoined up\u201d solutions<\/li>\n<\/ul>\n

      3. CSPs must accept they can\u2019t do it alone, build an ecosystem of valued partners and draw on their relevant skills, expertise and technology to better serve enterprise customers<\/strong><\/p>\n

        \n
      • 86% of CSPs recognize that third-party collaboration is important. However, just 12% of CSPs have ecosystems in place today and only 33% are \u201cfully engaged\u201d in developing high quality partnerships<\/li>\n
      • More than half (54%) of CSPs admitted their current IT systems do not support seamless orchestration and settlement within a partner ecosystem<\/li>\n
      • 51% of enterprises regard digital disruptors such as Google and AWS as key sources of products and services. However, only 32% of CSPs currently partner with these disruptors, and only 37% expect to do so in two years.<\/li>\n<\/ul>\n

        \u201cCSPs must make some tough decisions. 5G\u2019s arrival in the next year or so means they have to make the enterprise segment their top priority and allocate the necessary resources to support it – even at the expense of their consumer businesses,\u201d<\/em> said Ward. \u201cCSPs are already losing enterprise business to more agile digital players. This trend will continue unless they act now. They must abandon traditional, restrictive product development and replace it with leaner, more agile operations that encourage innovation, speed and experimentation.\u201d<\/em><\/p>\n

        \u201cCSPs need to significantly improve their understanding of enterprise customers and the industries in which they operate, in order to become legitimate partners,\u201d<\/em> continued Ward. \u201cThe goal for CSPs must be to become the orchestrators of diverse technologies and third-party solutions that fulfil the varying technology needs of different enterprises. Partnerships and, in particular, ecosystems plug CSP knowledge, technology and solutions gaps, and also encourage fresh ideas and new ways of thinking.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

        A research validates the multi-trillion-dollar enterprise ICT sales opportunity facing Communication Service Providers (CSPs). The study, conducted by technology consultancy\u00a0BearingPoint\/\/Beyond, surveyed 250 decision makers in enterprises in Europe, Asia and the USA, and found that 97 percent of organizations were willing to purchase ICT services from CSPs. The study also investigated the approach and changes […]<\/p>\n","protected":false},"author":7,"featured_media":7582,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[3501],"tags":[3440],"acf":[],"yoast_head":"\nThe Multi-Trillion-Dollar Global Sales Opportunity For CSPs - OpenBusinessCouncil Directory<\/title>\n<meta name=\"description\" content=\"Likewise, 100 CSPs are going through deep transformations to address this massive opportunity with their enterprise customers\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/the-multi-trillion-dollar-global-sales-opportunity-for-csps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Multi-Trillion-Dollar Global Sales Opportunity For CSPs\" \/>\n<meta property=\"og:description\" content=\"Likewise, 100 CSPs are going through deep transformations to address this massive opportunity with their enterprise customers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.footballthink.com\/the-multi-trillion-dollar-global-sales-opportunity-for-csps\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenBusinessCouncil Directory\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-08T09:47:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/07\/csps.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"670\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hernaldo Turrillo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hernaldo Turrillo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.footballthink.com\/the-multi-trillion-dollar-global-sales-opportunity-for-csps\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/the-multi-trillion-dollar-global-sales-opportunity-for-csps\/\"},\"author\":{\"name\":\"Hernaldo Turrillo\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\"},\"headline\":\"The Multi-Trillion-Dollar Global Sales Opportunity For CSPs\",\"datePublished\":\"2019-07-08T09:47:56+00:00\",\"dateModified\":\"2019-07-08T09:47:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.footballthink.com\/the-multi-trillion-dollar-global-sales-opportunity-for-csps\/\"},\"wordCount\":746,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"keywords\":[\"Research\"],\"articleSection\":[\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.footballthink.com\/the-multi-trillion-dollar-global-sales-opportunity-for-csps\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.footballthink.com\/the-multi-trillion-dollar-global-sales-opportunity-for-csps\/\",\"url\":\"https:\/\/www.footballthink.com\/the-multi-trillion-dollar-global-sales-opportunity-for-csps\/\",\"name\":\"The Multi-Trillion-Dollar Global Sales Opportunity For CSPs - 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