Telecom Industry
Telecom Industry
Telecommunication Agency is one part of the larger information and communications technology. It is made up of telecommunication companies and internet service providers. These companies make communication possible on a global scale, says Investopedia. They created the infrastructure that allows data in words, audio or video to be sent anywhere in the world. The advancements, evolution, and development in mobile communications and information industry are also parts of telecommunication Company.
History of Evolution in Telecom Sector
The telecom sector has evolved from the first mechanical device of the telegraph. Then technology allows for voice calls over large distances, and for a long time this industry solely meant traditional telephone calls. Then it moved towards more forms of networking like text messages and now internet – emails, voice calls, and video calls. Even today, traditional telephone calls generate most revenue for the industry however the focus of consumers is shifting rapidly towards internet calls and videos, which means that the greatest revenue potential is coming from internet.
There are also associated industries like companies selling equipment such as routers, and industries providing services for telecom and equipment, mobile phone manufacturers, internet devices producers and distributors that are also part of telecom industry. The primary evolution for the telecommunications industry has come from the wireless sector. Further expansion is also likely from high-speed fiber-based networks.
Future Expectations
According to the Federal Communications Commission (FCC) reports, as of 2018, approximately one-fifth of rural American population still does not have access to broadband networks. However, the monetary capitalization and growth is coming primarily from wireless internet. Data is the big thing in telecommunication industry and shows no signs of slowing down any time soon. In fact the demand for faster, and heavier, data connectivity is on all time rise
Key Segments within Telecom Industry
Investopedia lists these segments as: Wireless communications
Communications equipment
Processing systems and products
Long-distance carriers
Domestic telecom services
Foreign telecom services
Diversified communication services
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