GLOBAL spending on digital transformation could hit US$2.4 trillion by 2024 - more than double what was spent in 2019, according to Statista.

So it's no surprise telcos are gunning for this immense market potential. For instance, Singtel last month teamed up with subsidiary NCS to launch a new "Telco+" business group, with the goal of helping telecom companies transform digitally.

NCS's decision to target regional telecoms is apt and promising, given that market research shows the sector has room for more digitalisation.