Communication Services

Communication Services

The telecommunication industry has evolved radically during the past decade as customer’s demand even more bandwidth allocation with the help of smart devices. Telecommunication operators have expanded their service offerings to meet the demand of the customers while making amendments to their service charges to retain customers. The telecommunication industry for future growth is relying upon IoT to penetrate into different applications. As of Insights & Reports analysis, the total market size of telecommunication services as of the year 2016 was USD 991 billion. Till now connected car has been the most successful IoT implementer. Many telecommunication firms in the U.S. and Europe have made heavy investments in the last few years for connected car space and has seen strong growth in mobile subscriptions. Thus, with the penetration of IoT into other spaces would further amplify the telecommunication services industry. Some of the major players in the industry are AT&T, Vodafone, Airtel, Verizon and Viva among others.

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