Big data, cloud computing, globalization rocking the telecom world
June 4, 2014
Grazed from Bizjournals. Author: Bill Hethcock.
Information and communications industry spending nationwide grew 6.6 percent in 2013, to $1.3 trillion — the fastest growth rate in years and the first time the United States has grown faster than the rest of the world. That number is forecast to climb to $6.1 trillion by 2017, a rate of growth that Grant Seiffert, president of the Telecommunications Industry Association, calls remarkable.
The demand for data, especially video, is fueling the telecom industry’s growth, as is the proliferation of gadgets “talking” to each other, Seiffert said today (Wednesday) at TIA’s Network of the Future conference in Dallas. “How the value chain continues to change, and the pace of that change, is incredible,” he said…
Specialized services – especially cloud computing and machine-to-machine communications – are driving the Big Data revolution, and companies are investing heavily, Seiffert said. A total of $64.7 billion was spent in 2013 in the U.S. on these two areas alone, according TIA’s Market Review & Forecast, which was released at the conference…
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