Telecommunication Industry

As the market conditions change and consumer preferences change, along with technological advances, there arise several opportunities for the telecommunication industry to boost current revenue sources and to create entirely new revenue streams. Also, the first large-scale rollouts of 5G technologies are set to begin soon, which could create significant business opportunities for telecom companies.

Overview

The technology world is advancing at a rapid pace. Like all the other industries, the telecom industry is also at the brink of transformation. Add to it the changing market conditions and the changes due to customer preference. In such a transformational business scenario, there always are new opportunities to boost the current revenue sources and create entirely new revenue streams. And with the first large-scale rollouts of 5G technology set to begin soon, there would be significant business opportunities for telecom companies.

Telecommunication
m-Health and m-Payments will be two significant key revenue-generating opportunities for telecommunication providers increasing their mobile payments revenue at least fourfold by 2022.
report
Leading UK-based market research company, predicts that AI will drive the global telecommunications IoT market with an impressive CAGR of more than 42% by 2020.
payment
The global telecom electronic manufacturing services (EMS) market size is likely to reach USD 230.1 billion by 2025, expanding at a CAGR of 7.0%.

Career Opportunities in Telecommunication Industry

Internet of Things
The telecom industry is at the epicenter of technological growth, led by its mobile and broadband services segment in the Internet of Things (IoT) era. IoT in telecommunications will be defined by the ability to deliver high-value, scalable data-driven services that prioritize cost and convenience, while making a positive impact on people’s lives. As the number of devices in a network increase, vulnerability of the system increases manifold. Additionally, their computational and energy constraints could make higher-level security measures difficult to implement. Security and privacy will be particularly challenging in the age of IoT in telecommunications. The concept of a distributed network, rather than a centralized one with a single point of failure, could greatly benefit IoT security in the telecommunication sector.
Cloud & DevOps
As the telecommunication space moves towards increased use of virtualization platforms, Cloud Computing and DevOps are becoming an important model to smoothen the transition. DevOps offers telecommunication companies the chance to enhance their responsiveness and gain a competitive advantage across the telecommunications industry. The strategy produces great RoIs by reducing downtime, decreasing infrastructure costs and enabling personnel to contribute more value to operations. Cloud computing and related technologies are restructuring the way work is done, increasing productivity and income, and creating new jobs.
Data Analytics, Machine Learning & Big Data
Big Data offers bigger opportunities to the Telecom industry. Technologies like machine learning, artificial intelligence and deep learning can help process the massive amounts of data collected over the years from the customer bases to provide meaningful insights and predictions that in turn lead to better customer experiences, improved operations, and increased revenue through new products and services. Applications powered by AI are revolutionizing the way telecoms operate, optimize and provide services to their customers. With Gartner forecasting that 20.4 billion connected devices will be in use worldwide by 2020, more and more telecom service providers are jumping on the bandwagon, recognizing the value of AI applications in the telecommunications industry.
Others
There is a consistent requirement of networking experts in the telecommunication industry, which is only expected to surge in the future. Cisco certifications and other IT infrastructure certifications will be help professionals level up in the telecommunication sector. Also, there will be a burgeoning requirement for those who can look into the operations and management of the overall business aligned with the IT services. Inclusion of professionals with these skill-sets would make sure that the cutting-edge technologies are being implemented and leading to the growth of the industry globally.