With the adoption of new technologies such as software-defined networking (SDN), intense competition and price erosion, the Australian data and IP market revenue is forecast to decline at a CAGR of 1.3% over the period 2017-2022, according to data and analytics company GlobalData.
While the adoption of services such as cloud, big data and video conferencing is driving the demand for more connections and bandwidth, enterprises are not allocating more budgets. Against this back drop, telcos need to get serious with managed SD networking wide area networks (SD-WAN), suggests the company.
Siow Meng Soh, Asia Technology Market Analyst at GlobalData, says: "In terms of competition, besides tier-2 players such as Vocus and TPG, there are players such as Megaport and SuperLoop which are entering the market and leveraging SDN-based technologies for market disruption.
"In terms of technologies, we expect...