The telecom industry is a part of the information and
communication technology industry. The industry is primarily engaged in
operating and providing access to facilities for the transmission of voice,
data, text and video.
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The global telecom industry has shown modest growth in the
past years with a CAGR of over 3%. The year 2017 recorded highest ever growth
in this market with a net value of around $2 trillion as per TBRC’s in-house
consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the telecom industry to grow at a
higher CAGR by 2021 as compared to 2017, along with geographies best suited for
investments with highest return rate.
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Governments around the world are investing in the creation
of smart cities. The European Union is actively promoting smart city
initiatives, with funds for research and sustainability targets for member
states. The concept of smart cities is rising in developing nations too. In
China and India alone almost 300 smart city pilots are currently planned. This
requires state-of-the-art telecom. This will act as a major driver of the
growth of the telecom hardware manufacturing industry going forward.
TBRC’s latest report will cover in depth understanding and
calculated impacts of each market factor on a global as well as regional level,
to analyze the best investment strategy for this market.
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Companies included in the report are AT&T, Apple, Verizon
Communications Inc., China Mobile Ltd., and Samsung.
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