New technology advancements are transforming the industry. Operations are far more efficient, and the way business is done is revolutionary. Here are just some of the trends that are emerging in this industry.
▶️ Reliance on 5G
Unfortunately, the full potential of 5G has yet to be explored as there is still some reliance on 4G (LTE) infrastructure. 2023 will see 5G infrastructure rollout step up, hopefully this will see more providers offer upgrades. This will bring much needed stability to the industry and allows for better connectivity.
▶️ Move to the Cloud
The telecom industry is moving towards cloud technology, enabling better scalability and cost savings through energy efficiency. Cloud technology will allow businesses to easily combine mobile telecommunications with fixed lines which lets users communicate anywhere, anytime and on any device. This shift also allows for omnichannel communication and improves overall business operations.
▶️ Improved cybersecurity
The telecom industry is vulnerable to cyber-attacks aimed at accessing sensitive information and intellectual property. Threats come from hackers, corporate espionage, and lax security practices. As the industry adopts 5G and moves to the cloud, cybersecurity measures will increase to protect private data and comply with regulations set out to protect businesses.
▶️ Virtual reality (VR) Growth
The metaverse expansion in 2023 will drive growth in AR (Augmented Reality) and VR in businesses. Telecommunications companies will need to upgrade their network infrastructure to handle the increased data demands of VR metaverse users, which can be up to 40 times more than HD video streaming.
▶️ Energy-Efficiency
There is a huge drive towards energy efficiency and net zero emissions within business practices, and the telecom industry is no exception. The shift to cloud technology and the implementation of 5G networks, which are up to 7 times more energy efficient than 3G, will aid in reducing emissions. Telecommunications companies are also contributing to reducing environmental impact across various sectors.
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