2017 is well on its way, and in the telecommunication industry, it is time to cash in on the latest telecommunication trends. You must, to keep up with the change in how people and businesses communicate.
According to Daniel Kurgan, CEO of global telecommunications company BICS, 2016 was an exceptional year for the industry. The world became enamoured with photo sharing, and Internet connection speeds improved dramatically, everyone was talking about data and smartphones continued to take centre stage.
And 2017 has delivered the same challenges and opportunities.
In 2017, new business opportunities and partnerships will benefit players who are willing to take advantage of the industry’s evolution, Kurgan says. “As operators and Internet service providers make great headway in giving subscribers the ultimate user experience with faster, more qualitative and cost-effective voice and data services, I believe that 2017 – despite its imminent challenges – could prove to be a turning point for the industry as a whole.” Kurgan describes 2017 as a watershed year for the telecommunication industry.
For example, notes Kurgan, abolishing European Union (EU) roaming charges will force significant changes, especially for wholesalers. Subscribers may enjoy not paying roaming fees, but for wholesalers competitive about price, the effect will demand some quick adjustments. This is an example of the digital transformation in the industry, and mobile operators ought to adapt or be left behind.
Top three telecommunications trends for wholesalers:
The Internet of Things
The telecommunication industry will continue to converge in 2017. As service providers, the telecommunication industry seeks to diversify their products and come up with cross platform propositions that support content offerings and target unique markets. With sensors and connectivity being fitted to all types of devices, more and more technologies will be talking to each other this year. “Wholesalers are set to play a crucial role in the development and transformation of the telecommunication industry in 2017, acting as a facilitator of new partnerships across the sector,” Kurgan says.
The 5G space is set to sizzle in 2017.
The demand for faster internet is on the rise, so it is no surprise that every major telecommunication company is working hard to make it even faster. Smartphones, watches, businesses and cars are increasingly requiring faster, more stable internet connections. In order to ensure enough bandwidth for this uninterrupted wireless feed, an entirely new form of wireless network is needed - and that is where 5G comes in.
The first trials of 5G may be offered on a commercial scale and providers who have developed their 5G architecture will be ready for it. Interestingly, the push for 5G will come from other industries, like energy or transportation; they view heightened connectivity as a way to boost their businesses.
As cloud computing continues to integrate into IT operations, focus will move to improving the underlying infrastructure as enterprises look to manage increased data. According to Giordano Albertazzi, president of Vertiv for Europe, Middle East and Africa, “We believe that 2017 will be the year that IT professionals will invest in future-proofing their data centre facilities to ensure that they remain nimble and flexible in the years to come.”. Therefore, the demand for smart data centre solutions will continue to grow, while operators will feel the pressure to deliver data faster and more flexibly than ever before.
If you are looking to expand your business network in 2017, watch these telecommunication trends. And for more insights on the subject, our handy guide will simplify your business network expansion plans. To find out more, download the guide here.