Major highlights in Telecom Industry in 2023
In 2023, Telecom Industry have seen growth and proliferation in 5G expansion, Merger and Acquisition, Cloud Computing, IoT , AI and many more. We will highlights each one of them.
1. 5G Rapid Expansion:
In 2023, 5G deployment was more rapid in countries like South Korea, China, the US, and India succeeding UK, USA and Japan. While many underdeveloped countries like Nigeria, Nepal, Vietnam seems to upgrade its 4G network in a rampant manner. This 5G expansion have lead to access to high speed internet with low latency covering high speed train, bus and mobile gaming.
Adaptation of 5G in industrial application including remote monitoring and handling of equipment’s in Agriculture, Healthcare, transportation and manufacturing have seen an impressive growth. Chinese company like Huawei even have utilized 5G services in coal mining and larger projects for vehicle automation and real time environment monitoring.
- Manufacturing: Real-time machine communication, remote monitoring, and automated production processes.
- Healthcare: Remote surgery, precision medicine, and real-time patient monitoring.
- Transportation: Connected vehicles, autonomous driving technologies, and smart traffic management systems.
2. Adaptation of Cloud and Cutting edge technology:
In 2023, telecom industry have been seen adopting cloud and edge computing technology.
Edge computing is a distributed information technology (IT) architecture in which client data is processed at the periphery of the network, as close to the originating source as possible. Telecom industry in 2023 have used this for services of real time applications like AR/VR, network efficiency in order to reduce server congestion, low latency applications like autonomous vehicle, etc.
Cloud computing is the on-demand delivery of IT resources over the Internet with pay-as-you-go pricing. Telecom industry have leveraged this cloud computing facility for scalability of services and the network capacity as per needed with reducing cost. Also, cloud services have been used to develop new applications.
3. Rise in Sustainability:
Whether its energy, electronic devices or e-waste, telecom industry have been focused in sustainability. Telcos have invested in more renewal energy like Solar energy more than Diesel Generator. Similarly, reused, recycle and refurbished of electronic and telecom equipment’s have been more focused.
Similarly, eco friendly and less carbon emission devices were selectively used. Not only this, less energy usage devices were also more used.
4. Geopolitical Influence:
There have been disrupt in supply chain management due to long on going war in between different countries and among them is between Russia and Ukraine. This lead to delays, hold or even stop of import of IC’s, semiconductor chips or devices from this countries globally resulting in increase in price of the telecom equipment’s.
Not only this, post-scheduled import of such devices have resulted in delays in deployment of network devices. So, Telecom Industry in 2023 have seen an impact due to war in between countries.
5. Focus on Customer Experience:
Artificial Intelligence (AI) and Machine Learning (ML) have been extensively used by Telecom Industry to provide services based on individual customer needs. Chat Bots enabled services have learned, tracked and suggest based on individual needs enabling personalized services, customer support and customer satisfaction.
Not only this, mobile apps, websites and physical stores are more focused on customer services.
In summary, 2023 have been an amazing year for telecom industry with more tech driven opportunities along with global disruption in supply chain management.
These are just some of the major highlights that shaped the telecom industry in 2023. Each highlight carries significant implications for the future of connectivity, innovation, and customer experience. I hope this detailed explanation provides a clearer understanding of the significant changes and developments that occurred in the telecom landscape last year.
