波士顿咨询：2022年电信行业五大趋势报告（英文版）（12页）.pdf

1、 2022 Boston Consulting Group1What Five Trends Mean for TelcosDECEMBER 02,2022 By Val Elbert,Franck Luisada,Scott Stemberger,Davids Tjhin,Chi Hung Chong,and Olga SmuryginaTo succeed,telcos will have to navigate a series of shocks and trends that willforce them to revisit their traditional strategic

2、approaches.Telecommunications used to be a hot,innovative sector with skyrocketing returns.Those days are mostly gone.In BCGs analysis of total shareholder return(TSR)from 2019 to 2022,telcos on average turned in a middling performance of 9%annual returnsa point below the overall equities market.1 2

3、022 Boston Consulting Group2That is particularly disappointing given the central role that the telecom sectorplays in global technology trends.Telecommunications has been the essentialthread connecting people,businesses,and whole societies during the COVID-19pandemic.It is also poised to be the dist

4、ribution engine for Web3,a world ofdecentralized cloud-based applications,edge and quantum computing,AI,blockchain,and virtual reality.This somewhat disjointed picture of the current telecom market reflects in manyways the challenges that the sector is about to facea series of short-term shocksand l

5、ong-term trends that will force companies to revisit their traditional strategicapproaches.In particular,the widespread emergence of Web3,the rise of Gen Z,intensifying competition from“hyperscalers,”5G-enabled B2B applications,andthe potential in structural separation are set to transform telecommu

6、nications.Ifnavigated correctly,these five trends represent an enormous opportunity that couldsignificantly change the trajectory for telcos,producing years of solid,above-market returns.The State of TelcosEven the less-than-impressive TSR of 9%for the telecom sector we mentioned atthe beginning is