The telecommunications sector is at the tipping point of technological disruption, with a continued focus by telecom providers on innovation and growth. Rapid proliferation of IoT and 5G technologies and cross-industry alliances such as mPayments and mHealth are pushing telcos to seek long-term investment opportunities across the industry.
As telecom providers sprint towards next generation services underpinned by the increasing demand for faster bandwidth, 5G is all set to redefine the telecommunications ecosystem by providing increased scalability, mobility, and security. Against this backdrop, tech giants such as Samsung and Intel are carrying out a large number of 5G trials to reach the global market quickly and with blazing fast networks.
The past few years have posed several challenges to the telecommunications industry from a regulatory standpoint. With the General Data Protection Regulation (GDPR) having come into force recently, telcos are scrambling to ensure 100% compliance to avoid monetary penalties. A few mobile network operators (MNOs) have been re-factoring self-service portals, and are implementing user-friendly consent management solutions in compliance with the GDPR.
With ongoing developments, innovations, and regulatory mandates permeating the telecommunications landscape from time to time, telecom companies need to stay updated on the trends outlining the different revenue pockets, worldwide, to grab new growth opportunities. Fact.MR’s extensive telecommunications practice offers incisive acumen on the industry with relevant forecasts to support telcos in achieving their key business milestones.
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