Global communications enabler, BICS has launched ‘The BICS Report’, a comprehensive document evaluating the main trends and drivers in wholesale telecoms
The BICS Report explores how the decline in legacy services will be countered by the rise in next generation services and the huge potential of the IoT and the cloud.
The document looks at challenges voice, data and connectivity, messaging, roaming, business intelligence, fraud prevention, global IoT, capacity, and wholesale services as well as identifying opportunities for innovation throughout 2018 and beyond.
Key findings presented in the report showed that while traditional voice is declining and is expected to have reached its tipping point this year, VoIPX traffic is expected to rise by 22 per cent, according to HOT Telecom. 4G traffic is tripling year-on-year due to the rapid growth of LTE subscribers. By 2018 this is expected to reach its peak, with the majority of mobile operators deploying next generation services to meet the demands of customers.
The BICS Report looks at the international use of services, as well as investment and improvements in network infrastructure on a global level, which are both further key focus areas. Mobile data roaming traffic is expected to increase from 368.7PB in 2017 to 1,2228PB in 2020, reports HOT Telecom, with data as opposed to voice playing an importantl role in increasing traffic.
BICS also highlights the issue of fraud in the telecoms industry. The report reveals the latest figures from BICS’ own network and FraudGuard solution, which last year saved US$256.9mn in wholesale exposure, and blocked 38.1mn fraud attempt calls.
“We’re excited to launch our first report, particularly at a period of great change in the telecoms industry,” said Daniel Kurgan, CEO, BICS. “The traditional notion of ‘telecoms’ is no longer applicable, as the environment has been re-shaped by factors like the IoT, 5G, digital communications providers, the cloud, globalisation, smartphone penetration, and the growing risk of cyber-attack. The telecoms industry of today offers opportunity in abundance, and the BICS Report offers a tool for those looking to strategise and monetise their business as we head into 2018.”
