Published on : Mar 21, 2017
ALBANY, NY, March 21, 2017: The report, titled ‘ Next Gen Telcos’, focuses on the development of the worldwide market and its future growth prospects. The report also offers an outline of the market drivers and challenges, market landscape, trends, and key vendors.
The three key modes of communication are Internet, TV broadcast, and voice telephony, and these have successfully revolutionized the growth rate of developing economies. With the help of 3G and UMTS (Universal Mobile Telecommunications Service), Internet access, and voice telephony have integrated to provide subscribers quality services in terms of both data/Internet access and voice i.e. video calling, cloud computing, high-speed multimedia streaming, and ultra-high speed Internet access with enhanced mobility. The consumers are now demanding EoIP (Everything over IP) from next gen telcos.
Technological development is the primary factor driving the telecommunication industry. The increase in data traffic worldwide is pushing the demand for high capacity and effective Internet Protocol (IP). Telecommunication operators are rapidly implementing next generation networks to manage the data traffic. Escalating demand for high speed multimedia services such as HDTV, VoIP, and mobility is supplementing the growth of NGN solutions. Less operational cost and capital expenditure are some of the factors that are supporting the growth of next generation network solutions market, thereby paving way for next gen telcos.
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On the other hand, with the acquisition of LTE and 3G licenses at very high prices, numerous vendors took a severe financial hit. Due to intense competition in the market, telecom operators are witnessing a substantial decline in their voice-based revenue, which is invariably increasing competition and the tariff rates for voice services are decreasing.
In terms of geography, North America is the prime market for next gen telcos. However, during the forecast period Asia Pacific is likely to witness immense growth. This region’s growth can be attributed to factors such as improving disposable income, high penetration of mobile Internet, and evolving smart home market. The number of connected devices is multiplying and they require the development of reliable and faster communications technologies. Next gen telcos are constantly competing to provide the desired services.
Some of the key players in the next gen telcos market are Verizon Communications Inc., AOL, Inc., Ericson, Nokia, Intel, Huawei Technologies Co, Ltd., AT & T, Inc., Nexans USA, Inc., Devicescape Software, Inc, Maven Systems, Pvt. Ltd., Green Packet (S) PTE. Ltd., OFS Fitel, LLC., Hitachi Cable, Ltd., Interstate Wire Company, Inc., Legrand, Netgear, Inc., Platronics, Inc, Quantum Corporation, Telegesis, Ltd., General Cable Corporation, and Vodafone GmbH.
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