By: Kirtika
The unexpected call of coronavirus in the 2020 led to a sudden disruption of normal business operations and forced companies to drive their businesses remotely. To address this pandemic issue, remote working, video conferencing, and telecommunications technology have quickly spiked as key enablers for business operations during this lockdown. This shift has upsurged the demand for better network connectivity and improved internet coverage, especially in remote or rural areas. Unlike other sectors that have come to a near standstill, the telecom industry has turned the table in its favour in this economic slowdown.
Emergence of 5G and its Trends:
Surviving from the fallout of COVID-19 pandemic, the telecom industry helped to keep up the economic pace. The industry faces how to cop up with improving technologies and the greater data demands of customers. As capacity demands driven by growing internet data traffic increases, 5G aims to speed up data communication by up to ten times compared to the current 4G/LTE connection. The emergence of 5G connection has been the next major transformation of 2020 in the technology of telco providers. The ultrafast speed and low latency enabled 5G will drive the artificial intelligence (AI) and machine learning (ML) to boost network experience and curtail costs through automation. This has also brought the significant trend of Internet of Things (IoT) by connecting home and industrial applications to exchange real time data instantly.
Seizing the Opportunity:
5G is expected to increase the mobile data usage by 400% in the near future. The leading telecom network operators have initiated their investments in 5G infrastructure to support billions of connected devices. Qualcomm, Verizon Communications, Intel, Samsung, LG, Huawei, China Mobile, Ericsson and Nokia are some of them. The year of 2020 has attained a competitive edge in the telecom sector amidst the challenges and opportunities.
What’s for 2021?
2021 will going to transform the telecom industry with the advancement of technologies. More network operators are expected to merge and form new alliances to adopt this disruptive technology. They will upgrade their business models, expand network footprints, launch new solutions with the soaring demand.