2017 prediction 1 – more market growth, more commoditisation

My first prediction is that the ITC market will grow by 1.5% in 2017 to reach $6.3T.

This will be less than in 2016 and there will be much more commoditisation, which will be great for users; like swans kicking hard underwater, suppliers (see Figure 1 for the leaders) will need to do a lot of unseen things to maintain slow forward momentum.

Figure 1 – the leading ITC suppliers

Source: ITCandor, 2017

Net profit will be harder to find than revenues – I expect the total to decline by 0.4% to reach $585B. For the fourth year in a row total vendor headcount will grow – unlike those industries which they supply, who will shed thousands of jobs through automation and digital transformation; in 2017 total employment in the ITC industry will grow 1.0% to 19.3M worldwide.

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