tagging recent news
Reports and Studies
Consumer and Business Spending on Carrier Ethernet Services Will Hit $5 Billion in 2012, But Spending Growth is Slowing, says Insight Research Corp
July 16, 2012
MOUNTAIN LAKES, N.J., July 16, 2012 (SEND2PRESS NEWSWIRE) — U.S. enterprises and consumers are expected to spend more than $47 billion over the next five years on Ethernet services provided by carriers, according to a new market research study from The INSIGHT Research Corporation. With metro-area and wide-area Ethernet services readily available from virtually all major data service providers, industry revenue is expected to grow from nearly $5 billion in 2012 to reach just over $11 billion by 2017.
However, year over year spending growth is expected to gradually stall and by 2017 the annual revenue growth rate will be half of what it is today.
According to INSIGHT Research’s market analysis study, “Carriers and Ethernet Services: Public Ethernet in Metro & Wide Area Networks, 2012-2017,” Ethernet’s central driver continues to be its ability to meet seemingly endlessly growing bandwidth demands at lower cost and with greater flexibility than competing services. A major growth driver in years past had been the large-scale migration of wireless backhaul cell sites from TDM to Ethernet, and though still a contributory growth factor, backhaul growth will start to moderate as LTE deployments are completed.
“Wireless backhaul had been a major factor in this fast-growing telecommunications services sector, but with much of the conversion of TDM to Ethernet completed, we are forecasting that spending on Ethernet will moderate,” says Robert Rosenberg, president of INSIGHT Research. “Over the five year forecast period we project a compounded annual revenue growth rate of 17 percent, with growth slowing by 2016 to be more in the range of 12 to 15 percent,” Rosenberg concluded.
The study examines Ethernet market spending and usage patterns by topology (E-line, E-LAN, and access), regional domain (metro, wide-area, and access), retail/wholesale, and various bandwidth levels.
An excerpt of this carrier Ethernet services market research report, table of contents, and ordering information is available online at http://www.insight-corp.com/reports/ethernet12.asp .
This 166-page report is available immediately for $4,695 in an electronic format (PDF) and can be ordered online. Learn more at: http://www.insight-corp.com/ .
News Source: INSIGHT Research Corporation :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com .
There is More Than Just One Way to Look at the U.S. Housing Market
July 11, 2012
TORONTO, Ontario, July 11, 2012 (SEND2PRESS NEWSWIRE) — “The doom and gloom media accounts regarding residential real estate ignore positive, healthy activity in thousand of cities and towns cities across America,” says Leon d’Ancona, President of IMS Incorporated, the leading provider of real estate market intelligence to brokers and agents throughout North America.
There is no doubt that the U.S. real estate market has taken a huge hit and many homeowners are feeling the pain of loosing their homes. Fact is, with home prices decimated, in many areas it will take seventeen years or more to return to purchase price even at the unlikely event of a 2 percent increase each and every year. See: http://www.realestatestatistics.com/underwater.php .
However, there is positive market activity as well, and all too often it does not get heard. Furthermore, Mr. d’Ancona states that the problem with glass-is-half-empty viewpoints is that they have an undue psychological impact on markets that is not borne out by all the facts. “We know, because it’s our business to know, that there are hundreds of cities and thousands of neighborhoods in the United States right now where the market is actually very healthy!”
In order to focus a spotlight on the overall effect of this phenomenon, d’Ancona published a REality price index directed at the real estate community: http://www.restats.com/ .
This month’s REality Index shows that since January 2012, homes in the U.S. are selling well-faster and at higher prices. d’Ancona created his Index on the premise that the real estate axiom “Location, Location, Location” applies to statistics as well.
Most real estate statistical reports pinpoint the large cities and omit the many smaller towns and villages that comprise a huge proportion of sales. The REality Index is based on a vast array of over 7,000 cities and towns and provides a much more accurate and therefore more promising analysis of the overall real estate market.
“I believe people will be encouraged to see that resale homes are doing better and the housing a crisis is likely beginning to ease. To paraphrase Winston Churchill “Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.”
d’Ancona, who has been providing market intelligence to brokers and agents throughout the United States and Canada for more than 25 years, will update the REality Index once a month to focus on the many bright spots in the real estate industry. “As a result real estate professionals will now be able to guide their clients beyond the gloom and doom by providing the facts which are much more encouraging,” says d’Ancona.
For further information, please contact:
Leon d’Ancona B.T.L., M.T.L, RRESI
President, CEO IMS Incorporated
877-785-4321 x 200
More information online:
http://www.restats.com/index
http://www.realestatestatistics.com .
News Source: IMS Incorporated :: This press release was issued on behalf of the news source by Send2Press Newswire, a service of Neotrope®. View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com . Copr. © IMS Incorporated and Send2Press®.
Healthcare Industry’s Telecommunications Services Spending to Exceed $69 Billion Over Next Six Years, says Insight Research Corp.
June 14, 2012
MOUNTAIN LAKES, N.J., June 14, 2012 (SEND2PRESS NEWSWIRE) — The hospitals, physicians, clinics, and insurance providers that make up U.S. healthcare system will be spending over $69 billion on telecommunications services over the next six years, says a new market research study released by the INSIGHT Research Corporation.
According to the market analysis study, spending by the U.S. healthcare industry on telecommunications services will grow at a compounded rate of 9.7 percent over the forecast period, increasing from $9.1 billion in 2012 to $14.4 billion in 2017 as the number of healthcare locations expands by 16 percent and the healthcare employment rate increases 2.5 times faster than the total national employment rate.
According to the report, “Telecommunications, IT, and Healthcare: Wireless Networks, Digital Healthcare and the Transformation of US Healthcare, 2012-2017,” forces external to the healthcare industry, including Federal Government policies, an aging population, and healthcare worker shortages are encouraging the industry to find alternative approaches to current treatment practices.
Much of the high costs inherent in the current system are related to the proximity of patient and provider, as well as to the archaic administrative systems used to manage records and exchange information. Telecommunications can bridge these proximity and system gaps.
“Healthcare providers are avid consumers of telecommunications services and new technology. The combination of increased demand for wireless and broadband access, massive data storage demands, and the conversion to electronic health records (EHRs) and procedures is straining existing healthcare networks,” says Fran Caulfield, INSIGHT Research Director.
“Our research measures key operational factors, such as population trends, patient monitoring, and cloud-based storage requirements, and then we quantify the demands for telecommunications services and equipment that will be needed to satisfy these demands No surprises; the research points to strong demand,” concluded Caulfield.
“Telecommunications, IT, and Healthcare: Wireless Networks, Digital Healthcare and the Transformation of US Healthcare, 2012-2017″ provides a forecast of U.S. healthcare telecom service spending by wireline and wireless access and by healthcare provider (Hospital, Physician, Clinics, and other practitioners).
A free report excerpt, table of contents, and ordering information is online at http://www.insight-corp.com/reports/telehealth12.asp .
This 158-page report is available immediately for $4,695. Electronic (PDF) reports can be ordered online. Visit our Website at http://www.insight-corp.com, or call 973-541-9600 for details.
News Source: INSIGHT Research Corp :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com .
LendingQB Releases White Paper to Help Lenders Make Sound Technology Decisions
May 30, 2012
COSTA MESA, Calif., May 30, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a provider of seamless mortgage lending technology, announced that it published the availability of a free white paper designed for lenders that are considering replacing their loan origination system (LOS). The paper addresses the challenges lenders face when evaluating mortgage technologies and outlines a strategy to assess their existing technology weaknesses, identifying areas for improvement.
Entitled “The Five Steps to Making Better Technology Decisions,” the white paper recommends conducting an Enterprise Process Assessment (EPA) of lending operations and workflows. According to the paper, all too often lenders buy technology predominantly based on features, failing to perform a critical deep dive analysis of their workflow to effectively model and measure process enhancements using standards and best practices.
The white paper stresses that before buying technology, lenders must establish an objective, well-defined, comprehensive process in order to overcome the many challenges associated with complex technology evaluations. Executing an EPA provides a clear understanding of and roadmap for how to select technology that reduces cost per loan, improves profitability, maximizes employee productivity and decrease the number of manual touch points throughout the workflow.
Key points in the white paper:
* Overview of the mortgage technology challenges lenders face in today’s market;
* Determining the technology lenders really need, avoiding what they don’t need;
* How to arrive at an evaluation readiness checklist;
* Identifying vaporware and avoiding feature buying traps;
* Using metrics to achieve a high ROI;
* The importance of a seamless workflow;
* How to reduce cost per loan and increase profitability.
Interested parties can download the free white paper from LendingQB’s website at www.lendingqb.com.
About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit www.lendingqb.com.
News Source: LendingQB :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
Millions in Workplaces May Get Long-Term Care Insurance, According to Industry Leader Offering Special Report
May 23, 2012
KIRKLAND, Wash., May 23, 2012 (SEND2PRESS NEWSWIRE) — Today LTC Financial Partners, LLC (LTCFP) announces an agreement with EraNova Institute to distribute a special report on the future of long-term care insurance (LTCI) as an employee benefit. The report will be made available by LTCFP to selected employee benefit brokers, human resource managers, and heads of business and non-profit organizations. Titled “The LTC Benefit Battle,” the EraNova document is based on interviews with leaders in the insurance, healthcare, and employee benefit fields.
“This report is quite significant,” says Cameron Truesdell, CEO of LTCFP, “because it paints an accurate, bright picture for long-term care protection in American workplaces. And it answers questions about the viability of LTCI as an employee benefit.”
Some carriers have withdrawn from the group LTCI market, fueling fears that the benefit might be losing favor. “But the industry is merely adjusting and regrouping, as the report finds,” Truesdell says. “There’s a struggle going on between two types of the benefit, group LTCI and voluntary multi-life LTCI. Both have a future but multi-life is set to come on strong.”
With multi-life LTC insurance, there is no master policy as with the traditional group benefit. Individual policies are issued to each insured member, and there is usually greater flexibility in policy design. “Multi-life fits today’s dynamic, fast-evolving organizations,” says Truesdell. “It can work with as few as three employees or as many as tens of thousands.”
The 12-page report sees a large market potential for multi-life based on its value to three constituencies. For employees it protects earning capacity as well as retirement assets. For employers it bolsters productivity of an aging workforce and helps retain the best talent. For Uncle Sam and the states it reduces reliance on Medicaid to pay for care.
Benefit brokers, human resource managers, executives and association directors may request complimentary copies from the following LTCFP representatives:
CA: Michael Scoles – 408-264-1759
CA: Jim Valentine – 408-792-0540
CA: Todd Stein – 415-861-5088
CA: Sarah Fisher – 510-230-4301
CA: Paula Taylor – 510-763-5002
CA: Laura Weber – 714-674-0190
CA: Jeffrey Flanzer – 805-701-0085
CA: Sandra Stanley – 888-316-8919
CA: Phyllis Solgere – 909-627-5587
CA: Petra Petry – 949-351-0347
CT: Leonard Wik – 860-432-1870
CT: Steve Foss – 860-539-0674
CT: Larry Golfin – 860-677-4075
FL: Janet Washburn – 239-404-7590
FL: George Braddock – 305-378-8091
FL: Jerry Grubba – 727-515-1910
FL: Strother Hammond – 813-215-1524
FL: Mike Rou – 904-276-9583
GA: Amy Pollock – 404-237-1189
GA: Belen Hickman – 404-245-2444
ID: Linda Hicks – 208-331-2803
IL: Bobbi Foster – 630-513-0034
IL: Cheri Davis – 773-531-0669
IL: Robin Frank – 773-774-2600
IN: Kirk Bennett – 260-969-1310
MI: Marybeth Bayer – 734-222-9882
MI: Tom Varner – 810-796-2405
MN: Jennifer Ragborg – 952-898-2750
MO: Keith Eisberg – 573-303-3007
MO: Wendy Rinehart – 816-886-2358
NE: Larry Neuwirth – 308-635-2023
NE: Larry Heinert – 402-339-8643
NJ: Gary Melnikoff – 201-265-1958
NJ: Richard Landau – 201-476-0880
NJ: Michael B. FitzPatrick – 973-968-3394
NY: Ronald Brie – 212-799-3900
NY: Michael Robinson – 516-612-4936
NY: Ray Donnelly – 516-747-1809
NY: Gene Cutler – 516-869-6767
NY: Jay Charno – 516-935-4029
NY: Jennifer Lenihan – 631-262-7167
NY: Susan Lenihan – 631-262-7167
NY: Sheila White – 631-893-4040
NY: Dana Dee – 716-983-1316
NY: Virginia Lee Kintz – 866-582-6074
NY: Steve Brefere – 914-234-7767
OH: Pattianne Baran – 216-409-0859
OH: John Cullen – 419-797-9210
OH: Thomas Hodges – 513-519-6010
OH: Brenda Gray – 513-541-3968
OK: Samuel Walker – 405-816-0868
OR: Diane Steeves – 503-297-7677
PA: Anthony Camill – 412-445-6171
PA: Ted Soslow – 610 642 3332
PA: Cathy Allen – 610-588-0852
PA: Kevin Bressler – 610-783-6970
SC: Pamela Loesch – 843-856-4141
TN: Mark Wardell – 901-337-4146
TN: Teresa Will – 931-619-1852
TX: Madeline Wade – 214-295-8926
TX: Kat Roebuck – 281-431-4033
TX: Kim Beckham – 361-579-9663
TX: Kay Nettles – 713-466-4614
TX: Bill Holland – 817-283-7221
VA: Penny Gilbert – 703-281-0914
VA: Patricia O’Neill – 703-534-3255
VA: George Polizos – 757-291-8505
VA: Michael Zuchowski – 757-467-1354
VA: Joel James – 757-478-5819
VA: Linda Sotirion – 757-646-6820
VT: Tod Warner – 802-985-4930
WA: Lucille Smith – 206-877-3456
WA: Jonas Roeser – 425-284-4863
WA: Helen Boyer – 425-557-5372
WA: Christine Khemis – 888-582-5364
WI: Lynette Schiefer – 920-434-4559
WV: Deborah Bailey – 304-744-0111
National: Mario Sestito – 518-587-2821.
For $50 per copy, the report is also available from the Long-Term Care Insurance Guild (a service of EraNova), at http://ltcguild.ning.com/page/ltcbb. A shortened version is scheduled to appear this summer in Employee Benefit Adviser, a leading trade journal for human resource and benefits decision makers as well as brokers, advisers and consultants.
LTC Financial Partners LLC – http://www.ltcfp.com – is one of the nation’s largest long-term care insurance agencies, offering LTC education and solutions for worksites as well as individuals. In California the company is known as LTC Partners & Insurance Services. LTCFP’s Worksite Division — http://www.worksiteacademy.com — offers opportunities for employee benefit brokers and LTCI agents wishing to focus on worksite needs. The company is a proud supporter of the 3in4 Need More campaign – http://www.3in4needmore.com.
EraNova Institute – http://www.eranova.com – is a think tank specializing in business research and public relations.
- Photo Caption: LTC Financial Partners CEO Cameron Truesdell.
News Source: LTC Financial Partners LLC :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
Customer Results Prove the Value of OxBlue Construction Cameras
April 26, 2012
ATLANTA, Ga., April 26, 2012 (SEND2PRESS NEWSWIRE) — OxBlue®, pioneers in the construction camera industry, released today several case studies demonstrating the benefits clients have experienced with the OxBlue construction camera systems. “Construction cameras have supported this industry for some time,” stated Chandler McCormack, President of OxBlue.
“But many in the industry may not be fully aware of all the ways this technology can impact their project on a tangible level. With these case studies, we wanted to show just what can be accomplished through the real-world application of our construction webcams and how the cameras deliver real-world results.”
Some of the highlights of the case studies include:
Emery Sapp & Sons: Emery Sapp & Sons received a $600,000 early completion bonus from the Missouri Department of Transportation. The contractor built a bridge right next to the one it was replacing, and then slid the new structure into place. It was able to accomplish such a feat with the precise project monitoring and coordination made possible by OxBlue construction cameras.
Northern Tool + Equipment: Northern Tool runs on tighter, more accurate schedules through up-to-date jobsite monitoring that provides the current status of every project. After realizing the enhanced command and control made possible by OxBlue camera systems, Northern Tool now uses OxBlue construction webcams on all its new store projects.
Noble Investment Group: Noble connects the firm’s principals to projects without airfare or hotel costs. Decision makers remotely view current and historic site images to resolve conflicts and improve collaboration with team members and contractors.
Massaro Corporation: Massaro used OxBlue construction webcams to document project delays that were far out of the contractor’s control, including an archeological find on the jobsite and a fire right next door. High-resolution, time-lapse video evidence from the construction cameras also supported insurance claims.
“OxBlue time-lapse construction cameras lead the industry in performance and reliability in every unique construction environment,” related McCormack. “We hope these case studies provide insight into some of the many everyday situations where they can help keep a project on track to reach a highly successful conclusion.”
To read these case studies in their entirety, visit http://oxblue.com/clients/case_study_register .
About OxBlue:
OxBlue is a leading construction camera service provider, giving numerous Fortune 500 companies the hardware, connectivity and expertise to enable constant access to jobsites through high-resolution construction webcam images. OxBlue’s construction cameras connect people on and off site, and measure variables such as labor, risk, quality and materials. The cameras provide accountability and increase communications between construction companies and clients. More information: http://oxblue.com .
- PHOTO Caption: Adhering to an aggressive timeline was made easier with an OxBlue construction camera. The supervisor was onsite 24/7 and could more effectively plan next steps.
News Source: OxBlue Corporation :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
Telcos and CableCo Small Business Units Poised to Take a Revenue Hit, Predicts Insight Research Corp.
March 30, 2012
MOUNTAIN LAKES, N.J., March 30, 2012 (SEND2PRESS NEWSWIRE) — Over the next five years, all of the major U.S. telcos and cable TV MSOs are expected to lose small business customers to a new crop of hosted service providers that will offer PBX-like voice services at lower reoccurring costs and with minimal site equipment expense, according to a new market research study from The Insight Research Corporation.
Insight Research’s market analysis study, “VoIP and the SME: CableCos, Telcos, and the Rise of Hosted Service Models, 2011-2016″ points out that the advent of VoIP PBX business telephone technology and the nearly universal availability of broadband services has enabled a variety of upstart hosted service providers such as 8×8, Aptela, Fonality, and Nextiva to target the small business market.
These emerging companies are providing virtual PBX/VoIP services with enhanced features into the hotly contested lower end of the business segment-and they are doing it in ways that more competitive in terms of functionality, productivity, and pricing than the service bundles being provided by either the telcos or the MSOs.
“There are more than forty million lines in the small business segment of the market now up for grabs, so we are not talking about chump change,” says Robert Rosenberg, Insight Research president. “Our study suggests that thus far, small businesses haven’t quite latched on to this new technology so the revenue today is only in the range of one-half billion dollars, but by 2015 hosted services will be nearly a $1.2 billion market and the adoption rate of the hosted services by small businesses will continue increasing at a faster rate,” Rosenberg concluded.
“VoIP and the SME: CableCos, Telcos, and the Rise of Hosted Service Models, 2011-2016″ segments adoption by 20 vertical industries and provides revenue estimates for each. Potential small business line losses are estimated for telcos AT&T, CenturyLink, Cincinnati Bell, Fairpoint, Frontier, TDS, Verizon, and Windstream as well as for MSOs Bright House, CableOne, Cablevision, Charter, Comcast, Cox, Mediacom, SuddenLink, Time Warner, and WOW Telecom.
An excerpt of this enterprise telecommunications services market research report, table of contents, and ordering information are online http://www.insight-corp.com/reports/voip12.asp .
This 123-page report is available immediately in Electronic (PDF) format and can be ordered online for $4,695 – or call 973-541-9600 for details. More information: http://www.insight-corp.com .
All trademarks acknowledged.
News Source: Insight Research Corporation :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
Platinum Group Metals Heading Toward Tight Supplies, Soaring Prices and Competition from Cheaper Alternatives
March 19, 2012
NEW YORK, N.Y., March 19, 2012 (SEND2PRESS NEWSWIRE) — Platinum group metals (PGMs), namely, platinum, palladium, rhodium, iridium, ruthenium and osmium, are heading toward a period of exceptional volatility with supply constraints and dramatic fluctuations in price, according to a new report published by Thintri, Inc. (www.thintri.com). The same materials are threatened in the longer term by competing materials in some of their largest markets.
PGMs are universally present in the catalytic converters in motor vehicles, in disc drives, oil refineries, glass manufacturing, medical devices and implants such as pacemakers and dental crowns, and a host of other applications. Some are also highly valued in jewelry and investment. PGMs are also rare, and quite costly.
Like most natural resources, PGM supplies are inherently limited, but to a greater degree than other important minerals. PGMs are produced in just a few countries; the U.S. imports 95 percent of the PGMs it consumes.
The limits of those supplies are now becoming clear. Already, Russia, the largest palladium producer, has announced that its palladium supplies are dwindling.
Industry analyses indicate that known PGM reserves are sufficient for another 360 years at present rates of production and consumption. However, that figure drops to 15 years if rising demand, particularly from growing industrialization and automobile sales in emerging economies, is taken into account.
Growing demand is fueled by a range of factors including accelerating motor vehicle sales around the world, a rising industrial sector in many regions and a growing consumer preference for white metals in jewelry. As demand exceeds available supplies, prices will rise significantly.
In the recent past, limited supply in the face of changing demand has produced extreme volatility. Rhodium, for example, went from over $6,000 per ounce in mid-2007 to $10,000 per ounce in mid-2008 and dropped to a little above $1,000 before the end of that year.
On the other hand there are technologies already on the market, and some near commercialization, that will alter the picture just as dramatically in the other direction, by replacing PGMs at much lower cost, and by relieving supply and price pressure through improved recovery.
While some PGM applications, such as jewelry, investment and electronics, are relatively immune from substitution at this time, most PGM applications are vulnerable to replacement by nanotechnology-based solutions available at a fraction of the cost. Such alternatives can partly or completely replace the PGM content in critical applications like catalysts in the automotive, energy and industrial markets.
Other new methods will eventually, in effect, bring new supplies to market through improved recovery. New techniques for recycling catalytic converters and similar products are able to recover far more PGM content than was possible earlier. In addition, once-inaccessible PGM content in copper and nickel mine waste and slag can now be exploited. The availability of literally mountains of mine waste and slag throughout western North America and other parts of the world, will soon set off a “gold rush” to exploit those resources.
Today, platinum group metals are at an extraordinary intersection of market forces. The confluence of growing demand, limited and/or dwindling supplies, and growing availability of alternatives and new supplies, will likely create a period of extraordinary volatility before things stabilize.
Much of this decade will witness a transition of PGM markets to adjust to a new reality of price volatility and tightened supplies, while others move to take advantage of the new opportunities presented in PGM recovery and replacement.
About Thintri, Inc.:
Founded in 1996, Thintri, Inc. (www.thintri.com), is a full-service consulting firm, based in New York and directed by J. Scott Moore, Ph.D.
Thintri’s services include business intelligence, market research, technology transfer and technology assessment, and in-depth, off-the-shelf market studies on promising emerging technologies. Topics of focus have included medical and industrial imaging, optical networks, materials and coatings, semiconductor devices, manufacturing, industrial logistics, security, thermal management, energy, and a host of others.
For more information, visit http://www.thintri.com or call 914-242-4615.
Media Contact:
J. Scott Moore
+1-914-242-4615
smoore@thintri.com.
News Source: Thintri, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
Telecom OSS Spending to Reach $67 Billion in 2016, says Insight Research Corp.
March 12, 2012
MOUNTAIN LAKES, N.J., March 12, 2012 (SEND2PRESS NEWSWIRE) — The global market for operations support systems (OSS) – the computing and software IT infrastructure that performs engineering, provisioning, and management functions in telecommunications networks – will exceed $67 billion in 2016, according to a new report by Insight Research.
Telecommunications industry spending for OSS is expected to mirror the forecasted growth in service revenue over the next five years, indicating that the industry is expecting sustainable growth in the years ahead.
According to “Operations Support Systems, 2011-2016,” telecommunications network operators worldwide are forecasted to increase their investment in OSS at a compounded rate of 5.9 over the next five years.
North American investment in the computing and software systems used to acquire, serve, and bill customers will lag worldwide investment, growing at a compounded rate of 4.6 percent over the same period, while OSS expenditures made by carriers in the Asia, Europe, and Latin America regions will grow at 6.3 percent.
The report found that telecommunications service providers are investing most heavily in those OSS needed to support wireless 3G and 4G services. Over the forecast period, annual OSS spending to support broadband wireless will increase from $3 billion today to $22 billion in 2016.
“Telecommunications providers will continue to invest in systems that streamline their operations – particularly in growth areas such as customer care and network engineering for wireless services,” says Insight director Fran Caulfield. “Our research confirms continued strong growth for both wireless services and the operations systems that support the proliferation of smartphones, tablets, and mobility applications,” concluded Caulfield.
“Operations Support Systems, 2011-2016″ forecasts global IT infrastructure spending for billing, customer care, planning/engineering, provisioning/inventory, trouble repair, network management, business management, and workforce management systems. It also projects the professional services expenditures required to implement those systems by type of carrier in four regions: North America; Europe, the Middle East, and Africa; Asia/Pacific; and Latin America/Caribbean.
A free report excerpt, table of contents, and ordering information is online at http://www.insight-corp.com/reports/oss11.asp .
This report is available immediately for $4,695 (hard copy). Electronic (PDF) reports can also be ordered online. Visit our Website, or call 973-541-9600 for details.
News Source: Insight Research Corporation :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
