In this article, we take a closer look at the top ten telecom industry trends for this year. The telecom sector faces several challenges in the form of network load, infrastructure optimization, effectively addressing subscriber grievances, and improving security for telecommunications. These top 10 telecom industry trends directly address these challenges, in addition to improving overall efficiency.
Covid has presented numerous opportunities for telecom companies to reach subscribers while offering innovative products and services. Smart factories, cities, homes, cars, and industrial workplaces require efficient and affordable cloud and 5G technology solutions, especially addressing the growing number of connected people, systems, and devices.
1. Internet of Things: IoT devices and sensors influence almost all industries of the technology economy. It improves people’s quality of life, allows businesses to increase their profits, and improves management. IoT is beneficial when looking to decrease their information technology (IT)-related expenses. Interconnection between devices, sensors, infrastructure, and computing elements further enables new ways of management. Decentralized operations, condition-based monitoring, and predictive maintenance ensure efficient communications between various IoT devices. IoT automates production processes and allows the implementation of concepts in the telecom sector.
2. Connectivity Technologies: Connectivity technologies are constantly evolving and include both wired and wireless communications. The development of communications technology is critical in today’s IT environment, with increasing data volumes, IoT devices, and people using the internet. Further, users increasingly share high-quality digital data, such as videos, photos, and music. All of these factors, along with the increasing use of satellite communications, contribute to innovation in connectivity technologies.
3. 5G Network & Technology: 5G technology is the next big upgrade for telecommunication networks and devices. It provides a much higher speed, than previous cellular broadband network standards, and, most importantly, has much lower latency. Latency is very important for cloud gaming as well as VR content streaming. Massive machine-type communications (mMTC) that 5G networks provide enable the creation of high-density IoT networks, from IIoT to smart homes. Such widespread applications make 5G one of the most important upcoming technology trends for the telecommunication sector.
4. Artificial Intelligence: AI and machine learning (ML) are big telecom trends impacting the industry. Digital transformation requires the extraction of meaningful information from data, gathered by IoT sensors and devices. At the same time, the expansion and complication of the internet create the need for high speeds and low latencies, prompting new solutions for internet connection management. Startups develop AI solutions that resolve numerous problems related to network performance.
5. High-Resolution Content: The penetration of smartphones and reliable internet leads to increased consumption of high-quality, and often heavy-to-transfer, content. The growth in high-resolution content drives improvements in the quality of traditional information media, videos, pictures, and music. Novel telecommunications help businesses adapt to new types of information media, such as virtual, augmented, mixed reality, and cloud-based gaming. These types of content require high-speed transmission and low latency, prompting startups to develop high-capacity telecommunication networks.
6. Cybersecurity: The increasing number of cyber-attacks and low-security IoT devices, new central processing unit (CPU) hardware vulnerabilities, and the growing dependence on computing infrastructure make tackling security risks challenging. In industrial networks, systems are managed to stay ahead of evolving cyber threats.
7. Cloud Computing: A fast-growing technology trend within telecommunications. The spreading of IoT devices and the use of more sophisticated ML algorithms leads to a high demand for computing power. There are many benefits of migrating data, applications, and other business elements to a cloud computing environment. From equipment, platforms, infrastructure, and company functions, startups bring greater connectivity and integration solutions for businesses. All connected environments, from cities and factories to houses and cars, require improvements in cloud integration technologies.
8. Communication Models: The spread of smart and IoT devices also leads to an increase in communication channels, such as machine-to-machine (M2M), vehicle-to-everything (V2X), device-to-device (D2D), human-to-machine. Communication models differ in the connectivity technologies they use from hardware to software. Communication models combined include next-generation WiFi & Bluetooth, which are the basis for new products and technologies for a wide range of companies from large banks to startups.
9. Software-defined Networks (SDNs) – Business applications require high-performing and extensive networking operations. Particularly for cloud computing, businesses need to deploy, manage, and support connectivity across a variety of environments. Typically, complex tools are required to build and manage modern software-defined networking technology. Some vendors only provide solutions that work on their equipment, limiting the extent of communications capabilities. Startups develop SDNs to improve network performance, monitor performance, and enable centralized control.
10. Edge Computing: Edge computing brings data computation and data storage closer to the source of data instead of a centralized remote cloud. This reduces latency, increases bandwidth, and simplifies maintenance while it allows industrial manufacturing companies to expand their computing capacity by combining devices with edge data centers at lower costs. Lower latencies and high speeds are required for modern applications, like cloud gaming and VR. Edge Computing greatly improves the quality of experience for end-users and lowers data exchange requirements.
Among others, AI, 5G, and connectivity innovations will transform the sector as we know it today. Identifying new opportunities and emerging technologies to implement into your business early on goes a long way in gaining a competitive advantage. Get in touch to easily and exhaustively scout relevant technologies & startups that matter to you. Curious to learn which technology will impact your business the most? Get in touch and Happy Telecom will help you find the best solutions for your business.
Source: StartUs Insights
By: Jacqueline Freer-van Zyl
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