8 trends for the Telecom market
Posted: Mon Dec 23, 2024 10:28 am
In addition to constant investment in technological improvements, the path to digital transformation has required Telecom companies to stop focusing solely on connectivity sales and expand their focus to offering digital platforms and experiences that enable service for both the B2C and B2B markets.
Researchers and multinationals, such as Amdocs, have developed studies on the main telecom trends since 2017. Check them out below:
Content
1 – Major connectivity infrastructure upgrades will be a priority
2 – Telecom sector embraces digital transformation
3 – Competition to win customers quickly and converge
4 – The Industrial Internet of Things emerges
5 – Satellite technology for expanding 3G and 4G networks
6 – Continued expansion of the satellite video transmission market
7 – Social demands enter the telecommunications market agenda
8 – Virtual Customer Assistants (VCA) are trending
1 – Major connectivity infrastructure upgrades will be a priority
It is still uncertain whether the 5G world is already close or can be completed in five years, analysts are still discussing this issue, however, everyone agrees that the current telecommunications infrastructure needs to be rebuilt to accommodate the unbridled increase in traffic from the many devices that are being connected.
To achieve this, operators will have to upgrade their basic connectivity infrastructure and, in the case of the upcoming shift to the fifth generation (5G), mobile networks could cost billions of dollars.
2 – Telecom sector embraces digital transformation
Fearing the challenges of adopting new technologies, despite the availability of innovations, many telcos continue to rely on manual business processes. However, faced with some of the largest data surges on record, many organizations will embrace digital transformation of business processes to remain competitive.
According to Craig Wigginton, Deloitte’s U.S. National Sector Leader, the availability of new technologies and innovations could make 2017 the year of digital transformation for carriers. The areas with the greatest potential for digital improvement include customer service, sales and billing.
3 – Competition to win customers quickly and converge
The digitalization of services means that different types of canadian ceo email list connectivity and offerings will be sold in bundles, and while currently these bundles focus primarily on communications and media services, they can and will likely be extended to other industries such as retail and energy.
Mobile service providers in the final stages of their 4G deployments have seen an increase in the number of subscribers to this technology, which is leading to increased data usage and switching to higher-priced data plans. These service providers will compete aggressively for 4G network coverage and subscribers to maintain their growth.
In order to ensure network superiority and the price advantage it brings, operators will continue to invest in upgrading their networks to 4G and eventually 5G. They will also continue with network modernization in the combination and upgrade of fixed-mobile networks.
Researchers and multinationals, such as Amdocs, have developed studies on the main telecom trends since 2017. Check them out below:
Content
1 – Major connectivity infrastructure upgrades will be a priority
2 – Telecom sector embraces digital transformation
3 – Competition to win customers quickly and converge
4 – The Industrial Internet of Things emerges
5 – Satellite technology for expanding 3G and 4G networks
6 – Continued expansion of the satellite video transmission market
7 – Social demands enter the telecommunications market agenda
8 – Virtual Customer Assistants (VCA) are trending
1 – Major connectivity infrastructure upgrades will be a priority
It is still uncertain whether the 5G world is already close or can be completed in five years, analysts are still discussing this issue, however, everyone agrees that the current telecommunications infrastructure needs to be rebuilt to accommodate the unbridled increase in traffic from the many devices that are being connected.
To achieve this, operators will have to upgrade their basic connectivity infrastructure and, in the case of the upcoming shift to the fifth generation (5G), mobile networks could cost billions of dollars.
2 – Telecom sector embraces digital transformation
Fearing the challenges of adopting new technologies, despite the availability of innovations, many telcos continue to rely on manual business processes. However, faced with some of the largest data surges on record, many organizations will embrace digital transformation of business processes to remain competitive.
According to Craig Wigginton, Deloitte’s U.S. National Sector Leader, the availability of new technologies and innovations could make 2017 the year of digital transformation for carriers. The areas with the greatest potential for digital improvement include customer service, sales and billing.
3 – Competition to win customers quickly and converge
The digitalization of services means that different types of canadian ceo email list connectivity and offerings will be sold in bundles, and while currently these bundles focus primarily on communications and media services, they can and will likely be extended to other industries such as retail and energy.
Mobile service providers in the final stages of their 4G deployments have seen an increase in the number of subscribers to this technology, which is leading to increased data usage and switching to higher-priced data plans. These service providers will compete aggressively for 4G network coverage and subscribers to maintain their growth.
In order to ensure network superiority and the price advantage it brings, operators will continue to invest in upgrading their networks to 4G and eventually 5G. They will also continue with network modernization in the combination and upgrade of fixed-mobile networks.