Thematic Intelligence: Telecom Services Sector Scorecard Q2 2024 Update

Thematic Intelligence: Telecom Services Sector Scorecard Q2 2024 Update

Summary

There was no change at the top of the thematic screen of GlobalData’s telecom services sector scorecard in the second quarter of 2024. For the second consecutive quarter, the top 10 remained exactly the same, with Telefónica in the top spot ahead of Orange and SK Telecom. Rounding out the top 10 are two US companies (Verizon and AT&T), two European companies (Deutsche Telekom and BT), two Middle Eastern companies (E& and Saudi Telecom), and one Japanese company (NTT).

Key Highlights

• Telecom carriers continue to face global challenges, including uncertainty created by geopolitics, the economic climate, and issues with supply chains. They also benefit from technology advancements in areas such as cloud, enterprise digitalization, and virtualization, which have enabled carriers to bring different technology components together and deliver value to customers through a strong portfolio of services.
• From a customer perspective, businesses continue to become operationally agile by focusing on customer experience and introducing new business models in new segments, and this will continue to support moving applications to the cloud with strong security layers. As a result, telcos will transition to building and implementing cloud-centric networks that scale up to customer demands and address the security risks associated with data in private and public cloud settings, including data sovereignty.

• This sector scorecard provides a top-down, comprehensive outlook for the key players in the telecom services sector over the next two years, based on the key themes set to transform their industry landscape.

• Companies that invest in the right themes become success stories. Those that miss the important themes in their industry end up as failures.
• GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
• At GlobalData, we have developed a unique thematic methodology for ranking all major companies in all major sectors based on their relative strength in the big themes that are impacting their industries.
• Our thematic engine tags over 180 million data items across six alternative data sets-patents, jobs, deals, filings, social media, and news-to themes. The vast datasets within our thematic engine help our analysts to produce sector scorecards that identify the companies best placed to succeed in a future filled with multiple disruptive threats.