Ovum increasing its investment on TMT analysis

Telecom, media and technology (TMT) analyst company Ovum is ramping up its investment and extending its areas of focus to help better serve clients in the emerging digital economy.

Ovum announced it is investing in providing better coverage in key topic areas such as IoT, enterprise mobility, media services, payments, SME and OTT services.

The company is also growing its presence in key geographies, launching a Chinese office in APAC and a San Francisco office in the US, among other moves.

Ovum Managing Director Aneil Rakity said that over the next year, the company plans to hire additional analysts, add depth to its forecasting capabilities and enhance its delivery platform.

The company provides clients in the TMT sector with market intelligence, analysis and forecasts to help guide investment decisions. By tracking and advising on how digital services are consumed, the company also helps clients develop new digital services.

The company also works with professional and financial services organisations, regulators and public sector bodies.

Ovum predicts that the digital economy will open up opportunities for the TMT sector worth upwards of US$4.8 trillion ($6.32 trillion).

Image courtesy of Simon Cunningham under CC