As the world moves beyond the new realities of the business ecosystems amid pandemic crises, industries are relying on the telecom business. Small and medium enterprises are fighting hard to survive the competition, while others are trying to keep up with the growing customer expectations. This is where the telecom industry has played a significant part during the year 2021. With advanced technologies and innovations like 5G, SDNs, Internet of Things (IoT), and so on, telecom companies have upscaled business growth across the globe.
Increasing demand for global connectivity has presented a variety of opportunities for the telecom industry to provide agile VoIP services, comprehensive messaging services, telecom fraud management, revenue assurance services, and much more. It’s time to look at these trends to get a clearer view of what the telecom industry looks like now, as we stand at the end of 2021.
Let’s check out the major trends and innovations that shaped the telecom industry in 2021:
Businesses gained extraordinarily real-time insights and absolute control over their products, services, and assets with the adoption of 5G technology. 5G also enabled telecom players and other industries to change the way they operate and deliver services. During the first half of 2021, the world added 124 million 5G connections, climbing 41% from 305 million to 429 million. 5G revolutionized users’ network experiences by delivering superfast speeds and exceptionally low latency. At the same time, it has powered the Internet of Things by enabling massive machine-type communication. Throughout 2021, more telecom services have been launched with 5G technology.
Connectivity technologies, which include both wired and wireless communications have evolved in 2021. With increased volumes of data, IoT devices, and internet users, the advancement of communications technology has a crucial role in today’s IT environment. Users are also increasingly sharing high-quality digital data such as films, photographs, and music. All these considerations, together with the rising utilization of satellite communications, drove the innovations in connectivity technologies such as Ethernet, Wi-Fi, Cellular and LPWAN Managed Networks.
Other major telecom trends influencing the telecom industry in 2021 include Artificial Intelligence (AI) and Machine Learning (ML). The extraction of useful data collected by IoT sensors and devices is crucial for digital transformation. Simultaneously, the internet’s growth and complexity necessarily require high speeds and low latencies, driving the development of new internet connection management technologies. Big data and machine learning are used in next-generation wireless networks to forecast peak traffic and improve network capacity. Telecom companies are increasingly using data analytics, machine learning, and artificial intelligence to improve network efficiency and reduce network costs.
Business applications require high-performance and comprehensive networking operations in today’s increasingly digital environment. Building and managing advanced software-defined networking systems typically demands the use of complicated tools. Some businesses only offer solutions that work with their own technology, limiting the scope of communications capabilities. However, many businesses use SDN to enhance network performance, analyze it, and enable centralized control. Because of its flexible and accessible architecture for data, management, and security features, SDN has permeated the networking market worldwide. It is further gaining momentum as businesses continue to migrate their network infrastructure to the cloud and the edge.
Cloud computing is a fast-growing technology trend for telecom industry in 2021. It is a software-based platform that enables telecom businesses to collect and process data remotely in data processing centers, scale services swiftly, and respond to rapid transformation. With the advent of cloud-native 5G technology, an unanticipated jump in data traffic triggered by the global pandemic crisis, a boom in internet services, and growing consumer demands, the telecom industry has been forced to upgrade its networks and migrate to virtualized and cloud architectures.
Telecom companies have had their fair share of technical challenges, primarily in the wake of the global pandemic crisis over the last two years. Meanwhile, there’s been significant development in the domains such as mobile connection, digital service consumption, and organizational digital transformation, with this growth riding tide still far from reaching saturation.
Bankai Group has decades of extensive experience in the telecom business, helping clients in becoming more adaptable to provide next-generation services through resourceful technological solutions. Our telecom solutions range from Unified Billing, Revenue Assurance, Fraud Management to VoIP Services, Messaging Services, Traffic Monitoring, and other modern telecom systems allowing all comprehensive monetization of customer requirements.