Welcome to the Topic “Top 10 Reasons Telecoms is the Need of the Hour”The advent of digitalization has disrupted almost every industry, and the telecom sector is no exception. The globalization of business and the ever-growing dependency on mobile devices and apps have made telecom one of the most important industries in the world.Here are the top 11 reasons why telecom is the need of the hour:
1. Increasing mobile device usage:
There are more than 7.8 billion mobile phone subscriptions worldwide, which is a penetration rate of 101%. This number is only going to increase in the future as people become increasingly reliant on their mobile devices for both work and personal use.
2. Growing demand for data:
The average mobile user consumes 1.5 GB of data per month, and this number is only going to grow as we become more reliant on our mobile devices for everything from work to entertainment.
3. The rise of the Internet of Things:
There are already more than 10 billion connected devices in the world, and this number is expected to reach 20 billion by 2020. This growth will result in a huge increase in the amount of data being generated and transmitted, putting even more strain on telecom networks.
4. Increasing need for speed:
The average mobile connection speed is now 7.2 Mbps, but this is only going to increase as we demand more from our mobile devices. 5G technology is already being tested in some parts of the world, and it promises speeds of up to 1 Gbps.
5. Growing demand for content:
The amount of data being consumed by mobile users is increasing at an exponential rate, and this is largely due to the growing demand for content. Video is the most popular type of content, with YouTube alone accounting for more than 60% of all mobile traffic.
6. Increasing need for connectivity:
As more and more devices are connected to the internet, the need for connectivity is only going to increase. This is especially true in developing countries, where the number of internet users is growing at a rapid pace.
7. The rise of digital commerce:
E-commerce is one of the fastest-growing industries in the world, and it is expected to reach $4.5 trillion by 2021. This growth is largely driven by mobile commerce, which is expected to account for 72% of all e-commerce sales by 2021.
8. The rise of streaming services:
Streaming services like Netflix and Amazon Prime Video are becoming increasingly popular, with the former having already reached 130 million subscribers. This growth is putting a strain on telecom networks, as streaming video requires a lot of bandwidth.
9. Growing demand for cloud services:
Cloud computing is one of the most disruptive technologies of the past decade, and its impact is only going to grow in the future. The global cloud computing market is expected to reach $623 billion by 2023, and this growth will require a lot of bandwidth and data storage.
10. The need for better security:
As the world becomes more connected, the need for better security increases. This is especially true in the telecom sector, where sensitive data is often transmitted over networks.Have any questions regarding the topic “Top 10 Reasons Telecoms is the Need of the Hour” feel free to comment below.Also Read: How to Get the Best Out of a VoIP Service?