SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Wireless Telecom Services Category Procurement Market Intelligence Report
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Global Wireless Telecom Services Category Procurement Market Intelligence Report. (Graphic: Business Wire)
The global market of wireless telecom services is poised for an exponential growth in terms of the category spend growth rate. This growth is mainly credited to the innovations made in the modern world such as the advent of self-driving cars, artificial intelligence, virtual reality, and machine learning. Such inventions will create large requirements for advanced wireless telecom services. In recent times, the 5G network is finding its extensive usage in the self-driving cars which is propelling the category spend momentum. Request your Free Sample copy of this market intelligence report here!
The US is said to harbor the most number of smart cities which create substantial category demand to cater to their connectivity needs. Migration of the majority of business practices to the IoT platform is among other factors which will significantly accelerate the category spend momentum in the US. Increasing adoption of IoT by leading MNCs across the major economies such as the UK, Germany, and France will supplement the category growth in Europe.
This wireless telecom services sourcing and procurement report offers an in-depth analysis of the supply market forecasts, sustainability and negotiation strategies of top suppliers and buyers. Also, it also provides information on the total cost of ownership outlook and procurement strategies to cut down on costs. Ask for a customized version of this market intelligence report here for free.
"Buyers must partner with service providers that can offer low network latency rates. Network latency has caused severe business downtimes across end-user sectors like e-commerce, IT, and online trading platforms," says SpendEdge procurement expert Sumit Yadav.
This wireless telecom services sourcing and procurement report has identified the following factors to influence the category growth:
- Increasing adoption of IoT will drive category spend during the forecast period
- Growth in category prices will remain stable during the forecast period
Buy the complete wireless telecom services market intelligence report here to explore its comprehensive scope of coverage.
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SpendEdge's procurement market intelligence reports for the telecom and networking category offer information on critical cost drivers, category pricing strategies, and procurement insights to help the buyers achieve significant cost-savings. The report provides information on supplier performance benchmarking criteria to help buyers reduce spend and establish better SLAs. Additionally, SpendEdge's reports offer category management insights and procurement best practices for the category.
Report scope snapshot: Wireless telecom services
- Market favorability index for suppliers
- Competitiveness index for suppliers
- Threat of new entrants
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Category management enablers
- Procurement insights
- Category enablers
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- Category hierarchy
- Category scope
- Category map
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