TV and video competition is extending past traditional terrestrial, cable and satellite, to telecoms behemoths (IPTV) -- "When telcos with IPTV aspirations acknowledge the difficulty in competing with broadcasters for TV audience in sophisticated markets like the UK (where digital terrestrial, cable and satellite penetration is strong), and acknowledge VoD transactions need to be high volume/price to make a profit contribution (since networks require upgrades and media firms take around 60% of revenues), they may consider the provision of more niche content as a differentiator."
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