Revealing how IP (Internet Protocol) and GBE (Gigabit Ethernet) upgrades will support new services -- "A study from MRG shows how the eight largest U.S. cable MSOs (Multi System Operators) are sequencing and prioritizing new services to address triple-play threats from Satellite and emerging Telco competition. Although Wall Street recently financed over $65 billion in infrastructure upgrades for cable (spending roughly $1000 per subscriber), MSOs are now having to finance further upgrades to deploy VOIP (voice over IP), enhanced HSD (High Speed Data), VOD (Video on Demand), advanced DVRs (Digital Video Recorders), and related Interactive (iTV) services. In the process of adding new services, MSOs have also discovered the problematic silo effect of running simultaneous -- but independent -- IP and non-IP services, adding significant complexities and costs."
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