InfoTech Study: Telecom Industry Investment In E-Business Capabilities Projected to Surge
PARSIPPANY, N.J., May 23, 2001 /PRNewswire via COMTEX/ -- Despite its interest in providing next generation networks and technologies to its customers, the telecom industry itself has been taking their time to adopt e-business, one of the leading applications riding on next generation networks. But that will change, according to InfoTech, a New Jersey-based global consulting firm. A new study, "E-Business in the Telecom Supply Chain: Profit in the Evolving Telecom Market," projects that expenditures to enable e-business will approach $6B in 2001, and increase sevenfold to $42B in 2005.
InfoTech estimates that the value of telecom goods and services bought through B2B e-business will reach $180B by 2005. "It makes sense that in a profit downturn, technology companies will seriously focus on cost-cutting and revenue enhancement processes such as those inherent in e-business," said Susan Hobart, InfoTech Vice President. Through interviews and surveys with telecom supply chain participants and e-business providers, the study identified e-business leadership within the telecom supply chain, such as Sprint North Supply (NYSE: FON chart, msgs), Nortel Networks (NYSE: NT chart, msgs), Cisco (Nasdaq: CSCO chart, msgs), BEA Systems (Nasdaq: BEAS chart, msgs), Tivoli Systems (NYSE: IBM chart, msgs), Micromuse (Nasdaq: MUSE chart, msgs), i2 Technologies (Nasdaq: ITWO chart, msgs) and webMethods, Inc (Nasdaq: WEBM chart, msgs).
"It's ironic that the telecom industry has been slow to jump into e-business, as they've been in the forefront of building and managing the enabling networks for enterprises," commented Hobart. Another recent InfoTech study, "Building and Managing Next Generation Networks: A Growth Opportunity for the Telecom Industry," projects the US market for out-tasked network management and professional services to large enterprises to reach $18B by 2004. Telecom industry giants keeping pace with leaders IBM Global Services and EDS include ATT and Verizon. To purchase or learn more about these studies, please contact Barry Hanulak at 973-602-0137 (bhanulak@pbimedia.com).
InfoTech is a subsidiary of PBI Media, LLC, specializing in global information and professional services for the telecommunications and data networking industries. InfoTech offers a comprehensive scope of information and professional services, including custom project consulting, market and competitive intelligence programs, tactical sales support tools, primary research studies, industry conferences and custom marketing programs. Further information about InfoTech can be obtained at the company's web site at phillips-infotech.com. |
