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5G To Support IoT.


The biggest forthcoming change in the telecoms industry is the emergence of fifth-generation mobile networks (5G). 5G is expected to be much quicker than the present 4G. It will be some years before this technology becomes commercially available. The new generation mobile network is likely to provide the capacity needed to support the IoT(Internet Of Things) revolution. Low latency is another important feature expected from 5G.

WIRELESS TELECOMMUNICATION MARKET TO GROW TO $1 TRILLION BY 2020 ACCORDING TO THE BUSINESS RESEARCH COMPANY.

The global wireless telecommunication services market is expected to grow from $921 billion in 2016 to $1 trillion in 2020 at a compound annual growth rate (CAGR) of 2.7%. The Americas was the largest region in the wireless telecom services market in 2016, accounting for $312 billion. The Americas is the largest market because of high internet penetration, access to smart phone devices and advancements in wireless technology.

According to The Business Research Company’s Technology Consultant, Moin Mohammed, the number of people using mobile payments to pay for goods and services at the point of sale is expected to increase significantly. Particularly in the USA, mobile payment sales are expected to grow exponentially because of the growth in the number of overall users of the technology. Mobile wallets like Apple Pay, Android Pay and Samsung Pay are likely to become a standard feature on new smartphones, according to e-Marketer research. Increasingly, merchants are also likely to adopt point-of-sale systems that can accept mobile payments. To encourage and promote the use of m-payments, incentives like promotions and loyalty programs will be integrated to attract new users.

China Mobile Limited was the largest company in the wireless telecommunication carriers market with revenues of $106 billion for the financial year 2015. China Mobile’s growth strategy is to recognize strategic risk and opportunities, acquire strategic resources, foster core abilities under an environment of continuous change to achieve excellent performance and growth.

Wireless telecommunication carriers operate and maintain switching and transmission facilities to provide telecommunications services via airwaves. The services provided by the companies in this industry are cellular phone services, wireless internet access, and wireless video.

  • Cellular Phone Services can be classified into three groups: voice, SMS and MMS.

  • Wireless Internet Access is delivered through mobile phone towers to computers, mobile phones and other digital devices using portable modems. Different types of wireless network standards support a wide range of bandwidths but most of them are suitable for sending and receiving data.

  • Wireless Video is becoming an integral part of future communication systems. Wireless video services is wireless transmission of video content for consumer electronics products.

Wireless telecommunication carriers operate on 3G and 4G technology network.

Wireless Telecommunication Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $750 for an individual user. To use across your office the price is $1000 and $1350 if you wish to use across a multinational company.

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