One of the biggest and most lucrative markets in the tech sector continues to be Telecom Infrastructure Services (TIS) and a new report shows that the market grew another three percent in the second quarter of 2012.
This new report, titled Telecom Infrastructure Services (TIS) Benchmark says that one of the biggest reasons why the market saw such great growth yet again was the release and adoption of 4G/LTE networks as well as a rise in managed services across the globe.
Technology Business Research Inc.’s new report actually says that the TIS market grew 3.2 percent in the second quarter of 2012 thanks to a strong push both by LTE (News - Alert) adoption and managed services. Managed services had a particularly good quarter, increasing eight percent in a year over year comparison. Chris Antlitz, an analyst in TBR’s Networking & Mobility Practice, said that improvement “highlights how integral these services have become to operators who are actively searching for ways to reduce opex amid these uncertain economic times.”
The bulk of the LTE growth occurred in North America, Japan and South Korea as the cell phone wars seem to have heatedup and journeyed into a new sector with almost all new smartphones needing to be able to offer fourth generation speeds when surfing the Web or downloading apps.
The report wasn’t all sunshine and roses for the industry, as TBR does believe that the growth it saw in quarter two will slow down as various projects in South Korea and Japan wind down. Managed service growth in EMEA and CALA will also slow as projects that were started in those areas in 2010 and 2011 near completion. The company does believe that TIS growth will continue in North America through 2013 as nationwide LTE networks continue to be erected by the major carriers in the United States and Canada.
Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Austin 2012, happening now in Austin, TX. Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.
Edited by Brooke Neuman