Current Telecommunication Industry Trends You Don't Want to Miss
The telecommunications industry is changing rapidly. Constant growth is understandable since it’s an industry entrenched in the world of technology. As a result, the telecommunication industry trends are constantly changing with new technological discoveries, consumer preferences or changes that have occurred within the industry itself (mergers, acquisitions, dissolutions).
The ebbs and flows of the industry introduce these new and exciting trends in our entertainment, mobile connectivity and smart devices. It connects us with one another and the entire world.
Our appetites for content are insatiable. We devour YouTube videos by the millisecond. We chew threw our news feeds and spit out Tweets faster than our fingers can type them. We bolt through our Netflix streams, jet through our Hulu lineups and share posts with our friends as quickly as our eyes can comprehend the digital images before us.
To support our impulses, the telecommunications industry needed to step up connectivity. Their response was to develop a 5G network. The 5G network is more than a trend, but rather a mark of the future. We’ve reached a time where the Internet of Things (IoT) has become so invasive that its presence has required us to invent a better connectivity network to support it.
Telecommunications companies are now in a race against the growing IoT to change the very way the infrastructure of the previous 4G network was created to transform it to a much more capable 5G network. With this kind of investment and commitment, you can see that 5G is more than trend, but a new stride towards the future of telecommunications.
The Growing IoT
As we’ve already mentioned, the Internet of Things is expanding. Suddenly, inanimate things that don’t have brains are becoming sentient at the touch of an app. Light bulbs turn into Smart Bulbs, homes become Smart Homes, garage doors become smart openers and the list goes on. If you can plug it into the Internet in some way shape or form, it becomes apart of the IoT, an invasive, sprawling network that will soon take over our professional and personal lives and everything in between.
The trend behind IoT is to contribute to the IoT. It begins by transforming anything you can into something that can respond by app, device or some kind of connectivity (coming soon: “Alexa, turn on my car”). Companies recognize this need and have spent millions of dollars learning how to integrate the IoT among their services as well as manufacturing their own Smart IoT products to jump on board with the growing trend.
Mergers and Acquisitions: An Integration of Content
According to a study conducted by the PEW Research Center in 2017, about 6 in 10 young adults use online streaming to watch TV in the United States. That’s an astounding 61% of young people utilizing streaming in a way the telecommunications industry could not and did not predict a decade ago. There’s no question about it: young adults are determining the way in which telecommunications are being used and the industry must change if it wants to not only survive, but to evolve.
In response to the data pouring out of esteemed research centers since things like HBO Go, Netflix, Hulu, Sling, YouTube and the long list of streaming offshoots have taken root, large companies have wizened up to the power that young people have in dictating the future of telecommunications. AT&T made the move in 2014 to purchase DirectTV, Verizon swiftly purchased AOL and Yahoo! in an effort to merge and acquire content and Comcast bought NBC.
This trend of large telecommunication companies snatching up content creators for themselves has become a popular attempt at tapping into the vast, media-hungry Millennials who are the driving force behind the industry at large. At this point, it doesn’t look like this trend will go anywhere soon.
Cloud computing has become increasingly prevalent in the telecommunications field. Like 5G network connectivity, the concept of the cloud is more than a trend, but its popularity has placed it as one, making it an in-demand option that companies must offer to be relevant in the industry.
The Cloud offers advantages bundled up in an abstract, invisible force of futurism. No longer are set top boxes (STBs) purposeful with modern telecommunications - the cloud completely cuts their cord, storing data, networks, memory and files in a secured space naked to the human eye. These clunky, outdated STBs that once took over living rooms since their debut in the 1970s are long gone, and big companies know it, now offering Cloud storage space, Cloud services and Cloud accessibility.
However, it’s not just physical space we’re trading for the unseen, digitalized network of the Cloud. With this trend, telecommunications companies have changed the way services are offered and conducted. Charter and Comcast have happily got on board with utilizing the advantages of the Cloud, even integrating the Cloud’s abilities to store data off-site with their cable and DVR services. Companies have also sought use of the Cloud in an effort to literally cut the cord on in-site installations, as the Cloud eliminates the need to manufacture and engineer new STBS every three years.
Connectivity all the time, everywhere - it’s the direction our technologically driven society is heading and it’s unstoppable. There are roadblocks, however, and the communications industry is trying to keep up, hence the rush to construct a capable 5G network that can withstand our unquenchable thirst for the Internet. Carrier-Grade Wi-Fi is among these solutions that communications companies have brought to the table as an answer to the encroaching network of IoT.
Like the 5G network, Carrier-Grade Wi-Fi is constantly being reinvented to withstand and support the billions of people and their demand for Internet access. Wi-Fi and its corresponding accessories like hotspots have become more than a luxury for most consumers thanks to this trend, and are now more common than ever.
For you, this means carriers and communication companies have better deals on hotspots, upgraded Wi-Fi capabilities and constant improvements to push out the next generation with even better, more equipped features. It wasn’t too long ago when Wi-Fi was slow and unreliable, but now with the lightning fast speeds of the Internet access, handled streaming abilities and opportunity to be plugged in just about anywhere. Wi-Fi is only going to keep getting better and better because the industry depends on it.
The Changing Landscape of Telecommunications
Tech and telecommunications are two parts in the same whole. It’s how we communicate and what we communicate with, and the industry, like technology itself, is racing along at light speed to keep up with consumers and their demands. Some trends come and go, just like in tech, but in telecommunications, things like better Wi-Fi, a more supportive, nationally integrated 5G network and the products that make up the bits and pieces of the IoT are here to stay. These trends are more than trends - they’re a signifier of our future, and we should be excited.