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2020 to 2030 will see the?Industrial Internet?thrive. Leading?global carriers?must innovate new intelligent, digital?services, transform their business models?in the new arena?and achieve new growth in vertical industries.
By Li Changwei, Huawei Carrier BG
Internet companies have thrived during the decade of the mobile Internet. Microsoft, Apple, Google, and Amazon had a combined value of US$6 trillion in 2021, and Apple was valued at US$3 trillion in 2022. In contrast, the telecom industry experienced a period of decline, with its growth rate dropping to 2%–3%. GSMA predicts that if carriers continue the "dumb pipe" business model, the growth rate will be only 1.5% between 2021 and 2027, and that the market space will not exceed US$2 trillion in 2027, despite a booming Industrial Internet.
What should the telecom industry do? The answer is transformation.