The report on the changing future of the telecommunication industry comprises a detailed analysis of its changing landscape and solutions to address these changes. IP converged networks have brought about drastic changes to the telecom scenario globally. Similarly, changing consumer behavior (and needs) has led to increased competition within the IP infrastructure landscape.
This research report analyzes the growth rate of the industry, emerging opportunities and restraints, structure of the industry, as well as recommendations for growth. The report presents an overview of historical data and forecasts the future of the telecommunication industry in terms of revenue and volume. With ever-evolving trends, the need for sustained growth becomes imperative. This report offers recommendations on strategies required for sustaining this transformation.
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Overview of the telecommunication industry and future trends
The telecommunication industry comprises devices, systems, and technologies that make communication over a distance possible. The initial years of traditional wires telephones are now a distant reality with today’s telecommunication industry being defined by cutting-edge optical fibers, satellite communications, wireless communications and the internet.
The subscriber base of fixed point communication as well as wireless networks has increased, thanks to attractive pricing and competitive services from service providers. The falling prices of telecommunication devices have put them within reach of the average consumer, further contributing to the expansion of this market.
Based on usage, the telecommunication industry can be segmented as: point-to-point communication, internet-enabled services, entertainment, infotainment, critical communication, and news. The two key communication networks today are: terrestrial and satellite communication networks. Communication devices include mobile phones, laptops, and a variety of other handheld devices.
The overall telecommunication industry can be segmented as: telephones, cable communication, satellites, and internet service providers (ISP).
ISPs are enterprises engaged in the business of providing internet access to consumers. The ISP market can be further split into the following segments: hosting, access, mailbox, transit, free, and virtual ISPs.
Similarly, the telephones segment can be sliced into two broad segments: mobile telephones and fixed telephones (cordless phones, landlines, intercom systems, and others).
The satellite communication industry has rapidly emerged over the past few decades and makes use of artificial satellites that link to earth stations to facilitate the exchange of information or data. Segments within the satellite communication market are: digital cinema, military communication, radio services, mobile communication, global positioning systems (GPS), internet, and others.
Telecommunication based on the use of copper cables or new-age optical cables, is referred to as cable communication. The global internet infrastructure almost entirely relies on cables to provide subscribers with internet access. These cable networks also service fixed landlines and television broadcasting.
The changing future of the telecommunications industry largely depends on growth drivers. The ISP market, for instance, has grown by leaps and bounds because of a pressing need for high-speed internet services. This market also needs to respond to consumer needs pertaining to online gaming and video on-demand. With cloud computing rapidly seeping into the telecommunications landscape, massive changes are on the anvil.
However, the greatest push for this market, by far, would be a massive proliferation in the number of wireless communication subscribers. In the last two decade, millions of new subscribers have been added worldwide. This has partly been driven by the increased need for connectivity among people and the development of the third generation (3G) and fourth generation (4G) cellular networks.
