IN NUMBERS
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IN NUMBERS
The global 5G services market was valued at US $ 28.9bn in 2023 and is expected to reach US $ 250.2bn by 2032 .
The mobile virtual network operator ( MVNO ) market is expected to grow from US $ 66.13bn in 2023 to US $ 91.68bn by 2028 , at a CAGR of 6.75 %. reach US $ 250.2bn by 2032 , highlighting rapid growth . 5G wireless technology already enables users to gain access to higher connectivity speeds and lower latency telecommunications services .
As the pace of innovation continues to pick up , customer needs must be navigated carefully . As demand continues to swell alongside the growth of disruptive technologies such as artificial intelligence ( AI ), the TMT sector is becoming increasingly competitive . “ Profit margins are increasingly narrow as consumers demand lower prices for faster and more reliable results ,” highlights Manish Mangal ,
Chief Technology Officer , Telecom & Global Business Head , Network Services at Tech Mahindra . “ There is a need for the sector to shore up the future of telecom networks , which requires constant maintenance of expensive infrastructure and investment in upgrades that utilise next-generation technologies .”
He adds : “ These factors have created a perfect storm for telecom enterprises , which recognise that they need to prioritise digital transformation to evolve and drive innovation faster than ever before .”
With this in mind , it is clear the digital transformation market shows
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