"Smart Strategies, Giving Speed to your Growth Trajectory"
The global telecommunication market has been continuously transforming with the adoption and integration of emerging communication technologies such as 5G, IoT, NB-IoT, and many more. Telecommunication is an infrastructure that allows the transfer of all types of data such as voice, text, audio, video at any time and anywhere across the world through a wired or wireless medium. The telecommunication field became a dynamic sector that plays a significant role in the social and economic development of the world. The telecommunication sector is penetrating its services and coverage in remote areas of the world and becoming a robust part of human lives. The telecom sector includes telephone, telecommunication, and internet service providers. The industry expanded in the past decades from telephonic voice calls to mobile data calls, internet calls, text, internet, and TV broadcasting services. With the increasing population and modernization of society, the use of smartphones is also rising. Apart from these, significant technological developments in the telecom area led to the increasing dependence of the defense sector on telecommunication products and services for better and enhanced communication. Focusing on the growing demand for smart devices & networks with more bandwidth operators are renovated their price plans and services to gain customer satisfaction.
Key Market Driver -
• Increasing adoption of IoT and smart devices • Cost optimized availability of products and services
Key Market Restraint -
• High capital investments and license fees • Continuous evolution in technology
Initially, the telecommunication sector was dealing mostly with voice communication, however, the telecommunication technology has evolved from 2G, 3G, 4G, 5G, to NFV/SDN networks to offer improved data speed and broader connectivity. These advancements allow the telecom sector to broadcast voice as well as images, videos, text (email, messaging), etc. Digital Subscriber Lines (DSL) are primarily used for broadband connectivity. Nevertheless, value-added services offered by the telecommunication product and service providers are expected to boost telecom market growth in a sophisticated way. High-speed and cost-optimized internet connectivity for different data applications such as interactive entertainment and broadband information services such as Direct to Home (DTH) is ubiquitous. Some key trends such as the internet of things (IoT), video streaming, and mobile payments, are driving the growth of the market. The emergence of these trends is likely due to the expansion of mobile devices and related broadband connectivity around the globe. According to the survey conducted by ITU, by the end of the year 2019, the number of internet users has augmented up to 4.1 billion. The poll represents the rapid progress of the telecommunication market.
Airtel company for the countrywide expansion of its connectivity network established Indus tower and became a partner of Idea & Vodafone. The Airtel strategically partnered with topmost investors of the telecom industry such as Nokia, Sony Ericsson, Apple, Singtel, which boost the bottom line & brand equity of the company.
Some of the players operating in global telecommunication market are China Mobile Ltd, AT&T, Verizon Communications, Vodaphone Group, SoftBank Corp., Reliance, Time Warner Cable Inc., Airtel, America Movil, Telefonica Telstra, Nippon Telegraph & Tel, Deutsche Telekom, T-Mobile US Inc., DirecTV Group, etc.
The worldwide presence of active players drives telecom market growth. The massive population in Asian countries such as India and China is supplementing the growth of telecom subscribers in the region. Rapid technological developments in the area are expected to boost market growth in North America. The presence of top telecom companies is also a significant reason for the growth of the market across the region. Optimization of network investments for customer satisfaction also contributed to the increasing growth of the telecom market in the area.
To gain extensive insights into the market, Request for Customization
IoT deployment and increasing adoption of artificial intelligence and machine learning contribute to telecommunication market growth. Apart from this, increasing usage of smartphones, 4G, and high-speed broadband services offers an opportunity for growth of the telecom market in Latin America. Various service portfolios offered by telecommunication products and service providers delivering security, cloud and IoT solutions are projected to reflect a stable progression of the European telecommunication sector.
By Telecommunication Services, by Type
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry