China Telecom Global (CTG) has announced a new strategy aimed at adapting to changes in the wholesale telecom market.
The company plans to develop large-bandwidth products targeting a variety of applications and explore new markets for its offerings.
CTG will developer high-bandwidth, OTN and ultra-low-latency products for next-generation networks.
Announcing the new strategy at Capacity Asia 2014, CTG said the traditional wholesale business is rigid and saturated, with Gartner expecting a mere 4.5% growth between 2014 and 2019.
To address these challenges, CTG will adjust its focus towards developing products that meet the rapid changes in demand of retail service providers and others.
In line with this diversification, CTG plans to target the fast-growing cloud services market, including platforms, CDN and IT service delivery.
ZTE estimates that the public cloud market will be worth $253.4 billion in 2017, while the hybrid cloud will be worth $66.4 billion and the private cloud worth $12.9 billion.
The company will also explore new markets including the Euro-Asia passageway, Asia-America expansion, Greater Mekong, India and Indonesia, as well as East and Central Africa.