Top 10 Technology Solutions Companies for Telecom Industry - 2022
There’s no stopping the telecom industry. As more smart factories, cities, homes, cars, and industrial workplaces incorporate telecom solutions, they are improving humanto-machine and machine-to-machine communications, addressing the growing number of connected people and things. This increasing global connectivity, further fuelled by the pandemic, has presented numerous opportunities for telecom companies to reach more subscribers and offer innovative products and services.
In regard to these steadfast demands for more connectivity, the telecom industry is expected to reach USD 22.52 billion by 2026, at a CAGR of 32.75 percent over the forecast period of 2021 - 2026. The market growth can be mainly attributed to the growing importance of 5G technology. Offering a much higher speed and a lower latency than previous cellular broadband network standards, 5G is reshaping high-density IoT networks for industrial purposes like automated and remote equipment management, supply chain management, building smart home applications and more. In addition, the burgeoning growth can be partly due to the rise of telecom analytics aimed at increasing operational efficiency while decreasing operational costs.