According to the study, ‘The Future Of The Telecoms Industry: How To
Navigate In A Climate Of Instense Disruption And Change’, 5G internet
connectivity is the future of the telecom industry which offers greater
connectivity as well as speed. The 5G would be unveiled to the world by 2020
which would mark the beginning of a new era. The growth in this sector would not
only imply a rollout of the 5G technology but would also trigger a rise in
other industries especially the industry of Internet of Things which require
huge data capacity which only the 5G network can provide. It is currently
unpredictable to tell the difference in the speed 5G would offer as compared to
4G as it is currently in the phase of development however there shall be
significant improvement in the download as well as upload speed with some
companies promising speed of up to 1GBPS. The prime concern that looms over
this industry is industry is that the already existing devices shall not be
compatible with 5G network and hence users shall have to incur extra costs in
order switch to a 5G enabled device. This shift shall be slow in the developing
countries due to the rising but still low disposable income.
The telecommunication market is a huge
industry with the potential to expand at a rate much faster as compared to its
peers. Increasing mobile phone usage, smartphone penetration, internet
consumption has given huge wings to this industry. Revenue growth is an
important objective for the telecom companies due to the recent trend of
stagnancy in revenues because of consumer bills falling down due to increasing
use of internet. Hence, it has become critical for telecom companies to look
for investment opportunities and technology expansion. The industry has good
market in the developed countries and also immense capability in the developing
countries which is characterized by rising disposable income and awareness. There
are many trends and opportunities that need to be explored. It is true that the
entire world has not yet shifted to 4G network connection but technology
companies are about to start the rollout of the 5G project.
The 5G network shall act as a foundation
connectivity bridge between the Internet of Things, autonomous cars and the
improved and enhanced Artificial Intelligence. Other trends that have come up
in the recent years are better and faster chips, improved and efficient sensors
and also infrared cameras. All these technologies combined would change the
picture of the telecom industry. From the point of view of regulations, the
topic of net neutrality had gained some major traction in the recent years
which although was reversed in many countries but could draw the attention in
the coming years.
Some of the major companies that are
developing 5G technology include Erisson, Nokia, and Qualcomm. These companies
are investing huge amount in this technology to take it forward and begin its
operations within the next 2 years.
The overall adoption of the 5G network
globally might be slow considering many countries are not yet full 4G enabled
however, once the transition phase begins to take proper share it would lead to
immense growth of the telecommunication market due to the benefits of 5G
network like speed, reliability, convenience, capacity and many more.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
