The telecommunication sector is a significant field that revolves around mobile technologies, wireless communication systems, and other telecommunication solutions. The industry boasts a diverse range of products, services, and infrastructure that allows people to communicate, access information, and be connected regardless of distance. The past few years have contributed significantly to the growth of the industry due to connectivity solutions such as 5G technology, mobile AI, IoT (Internet of Things) systems, etc.
The expansion in smartphone usage and other mobile devices has played a critical factor in the growth of the industry. These devices allow users to be connected to the internet and access a wide range of applications, services, and digital content. There has been exponential growth in the mobile app ecosystem, offering a wide variety of applications for social networking, commerce, gaming, entertainment, and more.
The revenue generated by the global telecommunications sector amounted to 1,130 billion Euros in 2022. The global telecom services expenditure reached $1,553 billion in 2020 while the expenditure forecast for the next few years is somewhere around $1.5 trillion.
The industry is expected to grow by more than about 2.8% in the next few years. The number of mobile subscriptions worldwide was about 740 million. In 2021, the number of active smartphone subscriptions was 6.38 billion and this number is expected to reach 7.52 billion by 2026.
The number of 5G subscriptions worldwide reached around 577 million in 2021. The vast majority of these 5G subscriptions, about 450 million subscriptions are based in North America. By 2025, 5G is expected to take over all the major markets including China, the UK, the U.S., Germany, Canada, Japan, and South Korea. 5G usage across healthcare, smart utilities, consumer, and media applications is forecasted to contribute approximately $1.3 trillion to the global GDP and create 23 million new jobs by 2025.
The global telecommunication sector is one of the largest and fast-evolving industries at the moment. Numerous trade exhibitions are held worldwide to showcase the latest developments and recent technologies. Here are some of the most important events one can attend in the telecommunication industry:
MWC Barcelona: One of the most significant events in the global telecommunications industry. MWC Barcelona attracts global mobile operators, device manufacturers, technology providers, vendor content owners, and other stakeholders from the mobile connectivity world. The event plays an instrumental role in introducing the latest technologies and services in 5G, artificial intelligence, virtual reality, mobile devices, and more.
IFA Berlin: One of the world’s largest and oldest consumer electronics and home appliances trade shows held in Berlin. The global exhibition has been serving as a center of technology and innovation for 99 years. The latest innovations in mobile communication, devices, and services are among the most widely exhibited product categories at the event. IFA Berlin also features tech-related conferences and keynote presentations hosted by industry leaders.
MWC Shanghai: One of the most prominent mobile industry trade shows in Asia, MWC Shanghai serves as an innovative platform for discovering the latest technologies and solutions. 5G technology is an important feature of the event and attendees have the opportunity to explore the latest in 5G networks, devices, and services. There is an interesting line-up of conferences, seminars, and keynote presentations every year where the latest technologies and solutions are unveiled.
The global telecommunications sector is one of the most rapidly evolving sectors due to the need for quicker technologies and solutions. It plays a crucial role in providing faster more efficient communication, information exchange, and collaboration on a global scale. The industry is based on a diverse range of sectors such as mobile network operators, smartphones & devices, e-finance, agri-tech and agri-food, AI, digital commerce, digital healthcare, information and communication technologies, business IT, device hardware/software, cloud services, IoT connectivity etc.
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