Pyramid Research analysis, NTT Hits Light-Speed -- "NTT East, NTT West, and NTT Communications recently announced plans to spend an estimated JPY800bn (US$7.4bn) over the next five years to create the world's largest fiber optic network. Specifically, the NTT companies will upgrade 30m connections nationwide to fiber thereby allowing them to offer a wider array of value-added services on top of traditional voice. As Japan analyst Jane Buenaventura states, the justification for this expense is simple: survival in the increasingly competitive Japanese broadband market."
Across the globe, CEOs and their leadership teams continue to seek information and guidance about planned Digital Transformation initiatives and the most effective enterprise organization change management practices. Worldwide IT and Business Services revenue will grow from $1.13 trillion in 2022 to $1.2 trillion in 2023 -- that's a 5.7 percent year-over-year growth, according to the latest market study by International Data Corporation (IDC). The mid-term to long-term outlook for the market has also increased -- the five-year CAGR is forecast at 5.2 percent, compared to the previous 4.9 percent. Digital Sevices & Consulting Market Development IDC has raised the growth projection despite a weak economic outlook, because of vendor performances across 2022, growth indicators from adjacent markets, increased government funding, and inflation impacts. The actual 2022 market growth was 6.7 percent (in constant currency), which was 87 basis points higher than forecast last year, alth