• Mobile data revenue expected to grow as more investments keep pouring in along with the advent of 5G technology.
• The increase in mobile data revenue is further expected to drive expansion of telecommunications market. Forecasts say that industry is expected to report even higher growth during 2020-2025, post & during global downturn.
Detailed insights into the trends, opportunities and challenges facing the telecom sector. Offers an executive-level insight into the telecommunication industry with thorough forecasts of primary indicators up to 2025. The report delivers in-depth qualitative and quantitative information regarding the telecom industry by analyzing the market forces and evaluating the near-term opportunities and assessing risk factors.
The telecommunications industry has been growing exponentially over the past few years. This growth in the telecom industry can be attributed to both the burgeoning working-class needs and the increased interest of leading international players. In fact, characterized by is ultra-high speed internet services, the telecom industry is on its path to become one of the most developed one globally. Further growth and advancement is expected based on the operator’s continued interest in pursuing multi-device strategies.
The operators telecom industry are predicted to focus more on boosting the broadband uptake in order to offset the decline in traditional fixed, mobile voice and messaging revenue. In this regard, the increased internet access for fixed services revenue to increase driven by the up-sell strategy of the operators.
In addition, the ongoing investment in network enhancements and advanced 5G technology will enable operators to support bandwidth intensive value-added services, such as mobile money, multimedia browsing, mobile TV and e-commerce apps, etc. Operators are focusing on diversifying their revenue streams via expanding their offerings in IoT / M2M and enterprise markets. Talking in terms of leading players, telecom market will no longer be dominated by few big mobile and fixed operators.
Global Telecom Industry post 2020 Depression:
The global telecom to continue good growth, more disruptions and new innovations. As mobile devices and related broadband services are increasingly becoming an essential aspect of the society today, they are also playing a crucial role in driving momentum in telecom industry. The telecom operators worldwide are now on a lookout for opportunities for increasing their revenue through core value propositions such as sale of network devices and better network connectivity.
Some of the projected trends for the global telecom industry include:
• Exponential increase in the overall internet traffic
• Rapid increase in the number of players in the telecom industry
• The advent of Internet of Things (IoT), BigData Exploitation