Morristown, NJ — In a new Insights Business Intelligence Report, "Winning in a Shrinking World: Seizing the Opportunities," TM Forum has revealed that Communications Service Providers (CSPs) that have implemented cost reduction measures early are now producing positive revenue growth.
Total revenue growth ranges from slightly negative to double-digit positive depending on market and region, with Developing and Emerging Markets outperforming the Developed Markets, says the report.
Available today, TM Forum's new business intelligence report analyzes revenue growth by region and steps to ensure successful completion of transformation initiatives. It combines Analysys Mason's 2008 through 2012 revenue growth expectations with TM Forum's Q1 2009 year-to-year performance data.
The analysis concludes that the Developed Markets of North America, Western Europe, and Asia/Pacific have the softest performance. Some negative growth was seen for the recent 12-month period, but the majority of the Developed Market is delivering flat to low double-digit growth. On the other hand, Developing and Emerging Markets show stronger overall performance with total revenue growth averaging 10 to 20 percent.
The Business Intelligence report concludes that: the economic downturn is real, cost reduction is a primary driver, strategic initiatives continue, and hot services are still hot.
"Successful CSPs are focusing on how they can turn the current economic malaise to their advantage," said Martin Creaner, president and COO, TM Forum.
"Playing it safe by just cutting costs will miss today's and tomorrow's opportunities — the winners will be the companies that combine fiscal caution with focused aggression along a strategic path."
For further information visit www.tmforum.org.