Through 2010 emerging convergence products and services will generate at least a trillion dollars revenue.

TMT convergence has received a lot of hype in recent years.  But increasingly substance is displacing the hype. Indeed it is becoming the basis of competitive advantage in the TMT sector.  A wealth of convergence products and services is emerging, from online music to Internet Protocol (IP) appliances. Each of these offerings satisfies a real customer need – and most are already  generating real revenue and earnings. 

TMT businesses have the potential to benefit greatly from convergence. It is expected to create new product categories, new  markets, and in some cases even change the structure of existing  industries – shifting the balance of power and altering the basis of  competition. Some companies will win; some will lose; and some will  stand idle as the best opportunities pass them by. But between now  and the end of the decade, over a trillion dollars could be generated by emerging convergence products and services, based on analysis by  DTT and the TMT practices of its member firms.

Convergence is being driven by three underlying trends.

• The first is proliferation of digital data, which provides a common base for handling diverse types of information – numbers, words, music, pictures, video, and more – using the same devices, processing techniques, and media.
• The second is widespread connectivity, which helps bring diverse information together, and extends the value and capabilities of a device beyond its out-of-the-box functionality.  
• The third is continuous advances in technology, from battery life to processor speed.
  

Our report goes on to outline seven principles for successful convergence. 

Download the report to find out more: The Trillion Dollar Challenge (PDF, 246 KB)

Access related material in our dedicated Convergence section.