As part of our KG Prime market intelligence series, we recently examined and retrieved data regarding the cable & telecommunications industry. Despite amounting to over $740 billion in revenue in 2016, this market may not present as amazing accounts receivable management (ARM) related opportunities as you might expect. Throughout the past decade, we’ve seen the cable & telecommunications industry change drastically in terms of M&A, regulations, new products and services, and its overall role in U.S. culture, which have all had an impact on its participants’ accounts receivable and bad debt portfolios. The Internet remains one of the most integral and valuable inventions in history, with virtually every business and consumer utilizing it for everyday activities. Additionally, with the invention of an all-in-one wireless device – smartphones – we’ve seen consumer preferences change considerably in favor of maintaining just one smartphone in lieu of paying for separate cable, telecommunications, and other entertainment sources.
As we can see from the below graph titled Cable & Telecommunications Industry Revenue, this market experienced continual revenue gains virtually every year since 2001. Even during the Great Recession, this market only experienced relatively minor revenue losses before immediately rebounding and growing. This suggests that even in an economic period in which consumers are strapped for cash and funds, the cable & telecommunications industry still persists. Now, nearly a decade after the onset of the worst financial crisis since the Great Depression, with a generally recovered economy, the cable & telecommunications industry should see significant growth over the next few years.
But after analyzing the amount of bad debt in this market, we see a different picture.
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