EXECUTIVE INSIGHT
“ Telecom operators are finding it increasingly challenging to differentiate themselves in a crowded market ”
pressures , thereby securing a more sustainable and innovative future .”
Q . HOW IS THE CONVERGENCE OF CHALLENGE AND OPPORTUNITY RESHAPING THE TELECOM INDUSTRY ?
» “ The telecom industry is driving a profound transformation through technological advancements and changing consumer demands . Traditional business models are being reevaluated in the face of emerging technologies like AI , IoT , and the rollout of 5G networks . Internet of Things ( IoT ) devices , for instance , are expected to increase from 16.4 billion to 25.1 billion by 2027 – roughly three devices for every human on the planet . Meanwhile , 5G will become the leading smartphone connection type in 2025 , at just over half of the total – and is forecast to rise to more than two-thirds by 2027 . “ Spurred by the rapid rollout of infrastructure , global 5G connections are expected to exceed 3.8 billion in three years . These technologies not only challenge the status quo but also open new revenue streams , necessitating a shift from a siloed approach to an open , collaborative ecosystem capitalising on digital transformation opportunities across sectors .
“ Increased bandwidth demand for evolving transportation , such as handsfree driving and smart electric vehicle chargers , exemplifies the blend of challenge and opportunity . It requires telcos to adopt flexible network solutions like xRAN and focus on trust architecture and digital identity to ensure customer privacy and data . Moreover , the
22 July 2024