Published on : Aug 23, 2016
ALBANY, New York, August 23, 2016: Recently, European telecommunication companies were in the news for debating a rollout of 5G technology by 2020. A union of twenty companies including Vodafone, Orange, Nokia, Ericsson, BT, and Deutsche Telecom brought together the idea of timely deployment of the 5G network technology in Europe. The goal of this coalition is to spread 5G technology in all European countries and spread it globally by 2018. This news is expected to motivate other key telecom companies in introducing their new telecom services, fiber networks, LTE, video streaming, and plans of developing smart cities.
These are some of the crucial findings of a new report added by ResearchMoz.us to its repository of research reports. The report, titled ‘Global Telecoms Trends for 2017 - Fibre Networks, LTE, 5G, Video Streaming, Smart Nations,’ highlights the changing trends in telecoms operating in various geographical locations. For a competitive analysis, the research focuses on broadband technologies, mobile technologies LTE and 5G, mobile and fixed video streaming, and smart infrastructure and smart city trends.
The research report briefs readers about how telecom companies are adapting to the changing trends in the market to maintain their dominance in the highly competitive market. As per the findings of the report, high-speed telecom infrastructure is expected to remain the primary factor encouraging key companies to introduce new telecom services and products. At present, 4G is offering outstanding broadband services at competitive prices. This trend is expected to continue until mobile networks are used for entertainment services such as Netflix. Going forward, many such entertainment services are predicted to be delivered through broadband. Considering the changing trends, people are expected to shift their viewing preference from customary TV sets to broadband services or TV sets equipped with online streaming facilities.
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It is expected that fixed network operators will provide the required FttP infrastructure; if not, the global wireless industry is predicted to look for other opportunities to achieve the planned growth. After 4G, the market will be taken over by the 5G technology, predict the analysts. 5G telecom is now in the phase of development and commercial 5G is expected to be launched globally by 2020. Key telecom players are taking efforts to make this happen earlier than expected. In the meanwhile, some companies are testing 5G technology to get an idea of its development and to identify what changes need to be done.
The developments in the ICT industry are predicted to transform the telecom industry in the coming years. As per the findings, traditional business models will be replaced by new ones, thus assisting telecom companies in maintaining their dominance by introducing new services and business models. Developments such as cloud computing, the Internet of Things, data centers, machine-to-machine communication, big data, and blockchain are expected to transform the telecom industry in the coming years. Developments in the IoT and M2M infrastructure will hold key value by 2017 as they are predicted to facilitate the development of smart buildings, homes, and cities.
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