The Telecommunications Industry

An Example of an Industry Overview

Industry overviews are well-researched information about a specific industry, company or organisation. Here we have an example of an overview of the Telecommunications Industry.

Telecommunication is defined as an electronic means of transmitting information over a distance. It is an essential component of modern-day communication. The information transmitted can be in the form of texts, calls, images, videos, or data. Technological advancements in this field have ensured that information is transmitted quickly and easily via radio, wire, optical, and electromagnetic systems. 

The Telecommunication Industry has evolved over the past 200 years. In the 1830s, the industry invented its first mechanical communication device – the telegraph. This device reduced the time frame for transmitting information from days to hours. The Industry has expanded its scope of communication through technological advancements and shortened the delivery time from days to hours, hours to minutes, and minutes to seconds with each invention. Inventions such as the telephone, computer, radio, television, and mobile devices have helped improved the standard of living.

The Telecommunication industry is within the Information and Communication Technology sector. So, how does the telecommunication industry work? It comprises of organisations that ensure global communication through wires or wirelessly, through telephone or the internet, through cables or airwaves. The largest companies in the telecommunications market are telephone providers, internet service providers, cable companies, and satellite companies. 

What are the Components/Sectors of the Telecommunications Industry?

The Telecommunication sector comprises three significant sub-sectors: wireless communication, telecommunications services and telecommunications equipment. 

Wireless Communication

Wireless communication is the smallest and fastest growing sub-sector in the telecommunications sector. The industry has evolved from regular communication to cloud-based technology and mobile devices. 

This sub-sector has been identified as the future of communication. It is also believed to lead to a continuous global expansion in the Telecommunications Industry. This mode of communication does not employ the use of wires and cables. Instead, communication is transmitted via radio waves. Currently, its biggest challenge is providing faster data connections, speedier video streaming, sufficient multimedia applications, and higher resolution. 

Major companies in this telecommunications market include AT&T Inc, Softbank Group Corp and Verizon Communications Inc.

Telecommunications Services 

This sub-sector includes organisations that provide voice and data services in a region. Telecommunication services began operations over large areas with the introduction of of its first mechanical device — the landline telephone. Today, telecommunication services provide voice and data through mobile telephones. 

Telecommunications Equipment

Telecommunication equipment is the largest sub-sector in the Telecommunications Industry. Organisations in this segment focus on telecommunications hardware. The telecommunication equipment can be divided into three categories: transmission equipment, public switching equipment, and customer premises equipment. Examples of this equipment include routers, switches, fiber-optic cables, smartphones, telecom towers, etc. The main organisations involved in telecommunication equipment are Huawei, Nokia, Cisco System, Fujitsu, and many more. 

Where are the Growth Opportunities in the Telecommunications Industry?

The Telecommunication sector has become a foundation that improves the quality of life in developed countries. Wireless communication is a sub-sector of the Telecommunications Industry that is growing rapidly and is predicted to further development within the next few years.  

The Telecommunication Industry is currently competing in the market to provide optimal services to its customers. This has led to large investments in companies to develop a 5G network to ensure speedy data connectivity and fast video streaming.

Where are the Growth Opportunities in the Telecommunications Industry?

The Telecommunication sector has become a foundation that improves the quality of life in developed countries. Wireless communication is a sub-sector of the Telecommunications Industry that is growing rapidly and is predicted to further development within the next few years.  

The Telecommunication Industry is currently competing in the market to provide optimal services to its customers. This has led to large investments in companies to develop a 5G network to ensure speedy data connectivity and fast video streaming.

What Are the Industry-Specific Resources?

Telecommunications is a rapidly growing and evolving field. New practices, technology, products and standards are continuously emerging. You need to stay current with the latest procedures and technologies. Straying up-to-date in telecommunications can improve your business’s standard, whether it is a small scale or a global enterprise. 

With the Internet, you can find information about virtually anything. However, it can be difficult to find accurate and reliable information. To stay ahead of the curve, you need to ensure your sources are accurate and a one hundred percent correct. So, here is a list of industry specific information portals.  

Blogs 

Blogs allow you to keep up-to-date on the Telecommunication Industry. Although certain blogs can sometimes be misleading, few telecom blogs provide precise, detailed and timely information. Some of these blogs include; Light Reading, TelcoProfessionals, Search Telecom, Cellular News, Wireless Week and Forrester Research.

Magazines 

Telecommunications business magazines contain accurate and quality information about the sector.  This resource shares telecom information ranging from the latest trends to new practices, technological advancement, innovations, new standards and much more. You can take a look at magazines like Fierce Telecom, Telecom Review, Telecom Tech Outlook, and Telecom’s Magazine.

Journals 

Telecommunications journals cover the latest news and trends in the information and communication sector. The journals comprehensively cover all sub-sectors of the telecommunication companies, global telecommunications news, exclusive interviews and innovations that are leading the industry into the future.

Information portals

Information portals serve as online tools that provide timely technological updates. They are valid and reliable telecommunication resources.

Network

Building a network with key decision-makers helps you identify trends early on. This is especially important for fast-changing industries like telecommunications. You can use LinkedIn or participate in meetups and remote webinars.