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The Global Telecom Outlook 2023-2027 report highlights the challenges faced by the telecommunications industry in the face of rising demands. The report projects that global data consumption over telecom networks will nearly triple from 3.4 million petabytes (PB) in 2022 to 9.7 million PB in 2027. However, providers are expected to have little to no pricing power on increasingly commoditised connectivity and data services, leading to only a modest 4% CAGR in revenues from internet access. To sustain growth, companies must make heavy investments in costly infrastructure, with telcos projected to invest US$342.1 billion in their networks in 2027 alone. The report suggests that companies can seek out pockets of growth in areas such as internet of things (IoT) solutions, private 5G networks for business customers, fixed wireless home broadband for households, and the provision of digital infrastructure in some markets.
