The latest Communications Industry report issued by the United Kingdom’s Ofcom shows clearly enough why innovation and new products are needed by telecommunications service provider, internet service providers, mobile operators and video entertainment subscription service providers.
Since 2012, telecom industry revenue has dropped about 1.7 percent per year.
The average monthly spend on fixed voice and internet services increased by 14.3% over the same period to £41.13. This is largely because consumers have migrated to superfast broadband services, which tend to be more expensive than standard broadband services.
Consumer spend on mobile voice and data fell by 98p (2.1 percent), despite the increasing use of 4G networks and the rapid growth in data use, up by 48 percent between June 2016 and June 2017.
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