Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

The Future of Telecoms

Blog series: Telecom Trends 2021

As digitization continues to disrupt all parts of the economy, the best antidote remains innovation. Telecom providers, like organizations in every sector, face a shifting landscape of competitive challenges and opportunities— fueled by digitization and emerging technologies — and a pressing need to innovate their business models and mitigate risk if they are to make a successful transition to a future digital society.

The telecom industry plays an essential role in the lives of businesses and people, sitting at the heart of a world that is becoming more connected every day — from augmented reality to virtual reality and eventually to holographic communication. Telcos must ask themselves about their future strategy and offerings, and they must prioritize new services and revenue streams to win an ever-more-discerning and demanding customer base.

For the first time, it seems the telco sector is facing genuine threats to its dominance, thus needing to reinvent itself in order to survive the future.

More favorably for providers, technology advances including 5G, Internet of Things (IoT) and edge computing present telcos with compelling opportunities to expand beyond traditional telecom services to harness the power embedded in their advanced networks to partner with — and compete with —established tech giants and offer computing platforms and services directly to enterprise customers. 

Business Model Challenges

One inhibitor facing telecom operators’ ability to capitalize on the digital revolution is their current business and/or operations models, which are quite different than those of their competitors. The telecom model relies on high investment and a conservative approach, while not placing as much priority on the human element. In contrast, their over-the-top (OTT) competitors usually make smaller investments (in part because they use the telco infrastructure), embrace risk, and consider human capital one of their most valued assets.

The companies who will achieve success in the future are the ones who are world-class at adapting and driving new value and allow their people to be free to think and take risks to enable innovation. Embracing a strategic, forward-looking business model is critical to survival and growth.

In the past, telcos have had the mindset that those who are in protected markets with reliable income streams have a lesser need to drive innovation. In reality, however, these are the markets that are financially better placed to make the required investments in innovation. Those who are in saturated and highly competitive markets must innovate to stay ahead but may not have been financially positioned to make those necessary investments to reap the benefits.

Strategy is about choices — about being clear on the organization’s strategic aspirations and identity, and aligning its products and services, capabilities, and resources with that identity in a deliberate and coherent way. Having multiple strategic identities leads to conflicting objectives, unhealthy competition for investments and resources, and a heavy burden on people and culture.

Explore more

Meet our team

Image of Sean Sullivan
Sean Sullivan
National Telecommunications Industry Leader, KPMG US
Image of John McMillan
John McMillan
Director Advisory, Digital Lighthouse, KPMG US

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline