Digtal transformation is redefining IT and telecom industries and is expected to utterly change the nature of work and lifestyle. The digital tansformation is anticipated to revolutionize the sector.
Telecommunication industry is made up of wireless and wired telephone operators, satellites companies, cable companies, and internet service providers. Information Technology (IT) is the use of computers to store, analyze, and retrieve data. IT is typically being utilized in business operations. Together, they play a crucial role into making communication and information possible on a global scale to drive efficiency and better operations.
With the rise of 4.0 industrialization and smart connectivity, digital technology is expected to be the forefront of the industry. Additionally, the impact of big data has tremendous effect on the industry. Currently, more than half of world population is connected to internet, out of which 45% are connected via smart phones. Finding ways to capture value using data is vital to be competitive in the market. The telecommunication industry worth is expected to reach $3.4 trillion by 2022. The biggest telecommunication companies include AT&T Inc., Verizon Communication Inc, Nippon Telegraph & Telephone Corp., Deutsche Telekom AG, T-Mobile Inc., Vodafone Group, and Telefonica.
Telecom equipment refers to hardware used in telecommunication purposes such as transmission lines, multiplexers and base transceiver stations.
Telecom services refers to all services provided by a telecom operator. This includes mobile phone, internet connection, voice call connection, VPN, Video on demand, digital tv connection, and many more.
Wireless communication, also referred to as data communications, is the transfer of information over a distance without electrical conductor (wired or cable). A typical wireless communication system consists of encoder, encryption, modulation and multiplexing.
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