Top 5 Trends in the Teletech (Telecom) Industry for 2024

One of the country’s largest industries with revenue of about $500 billion growing at about 6%, Teletech covers wireless, fixed-line and satellite communications; ISPs; Radio/TV broadcasters; VPNs, and suppliers of network infrastructure components. We list below in order of increasing importance the five most important trends affecting Teletech this year. We are not compensated for the links herein. (We are not compensated for publishing the links below.)

5. 5G Network Expansion

The rollout of 5G networks continues as a major trend, offering faster speeds and lower latency. This trend is significant as it enables a new generation of mobile apps demanding high bandwidth.
  • Verizon: A leader in 5G network deployment across the US.
  • Ericsson: Provides infrastructure and tech for 5G (and now 6G!) networks across the globe.

4. IoT Connectivity

The rise of the Internet of Things (IoT) will place huge demands on Teletech connectivity, driving revenue growth and facilitating the generation, delivery and analysis of exabytes of data.

3. Edge Computing

Edge computing brings data processors closer to data sources, increasing speed, critical to trading, autonomous navigation and manufacturing applications, among others.
  • Network-centric Cisco and Nokia are dominant edge computing solutions providers.

2. Network Virtualization

Virtualized networks use software to access or replicate the functions of various physical devices – computers, servers, sensors, even other networks. Doing so saves time and money while creating a customized network.
  • VMware: Leading supplier of virtual network functions – security, cloud access, app platform, etc. -- for telecom operators.
  • Microsoft: The Azure division enables users to virtualize hardware like processors, memory, storage, and networking devices.
  • Arctos Labs: Integrates software with computing, network, and storage resources into a single device.

1. Telecom AI and ML

McKinsey says AI/ML is transforming the Teletech industry by enhancing network management, optimizing operations, and improving customer experiences (CX). Who are we to disagree? We rank this trend highest due to its potential to revolutionize industry effectiveness and efficiency through automation and data-driven insights.
  • Anadot: Provides real-time analytics and anomaly detection for network performance and functionality.
  • Innova Solutions: A Google Cloud Partner that offers advanced data processing, AI-driven analytics, and cloud-native solutions for optimal network resource management.
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