telecom industry 2018-10-31

Major Challenges Affecting The Telecommunication Industry

A company which fails to adapt might end up getting threatened by new competitions and other faster-growing companies.

By Features Writer
Major Challenges Affecting The Telecommunication Industry

Constant renovations are causing a change in the communication process of people. Therefore, the telecom industry also needs to re-strategize to meet expectations.

Today, the telecommunication franchisors need to amalgamate technology with their core offerings, making sure they stand with the latest trend happening in the industry.

No doubt, it is a dynamic as well as turbulent time for the telecommunication industry. Considering these facts, franchisors could create a balance in creating a lasting revenue stream, incorporating new innovative solutions capable of enhancing their key services.

Adaptation and developing solutions

Adapting to the change is essential to stay abreast with the trends and rising competitions. In today’s time, developing a suitable solution via proper investment could emerge as a key step in revamping the future of your telecom brand.

Failing which, a company might end up getting threatened by new competitions and other faster-growing companies.

Competitions from over-the-top companies

The rise of mobile messaging applications has caused a great challenge to the telecommunication industry. According to a report, approximately 2.5 billion people worldwide are at least having one messaging application on their cell phone. Thereby resulting in stealing traffic from the telecom companies which decreased to 34.5 % to 22.1% from 2007 to 2015. 

If the trend continues to grow, soon text messaging will die out completely, allowing the OTT companies to steal the opportunity.

The rise of the Internet of Things(IoT)

IoT is invading our day to day lives, transforming things at a rapid pace. It is assumed that by the end of 2020, there would be 21 billion connected devices.

Telecommunication franchisors should focus on resolving this issue by developing a converged platform, sufficiently functional in supporting the full weight of the Internet of Things.

The development of 5g

5g is expected to become available in India by 2020. Experts believe that it will not just enhance the speed, but will improve the capacity and latency as well. In addition, unlimited connections and faster results would be witnessed.

The race is clearly on for the telecom franchisors where they need to develop 5g technology before they are shut.

 

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Consulting Services
    Himalayan Acoustics is a 13-year-old brand of Kool pack and..
    Locations looking for expansion Haryana
    Establishment year 2007
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Kids & Children Clothing
    Me n Moms Pvt. Ltd. was incepted in 1994, by..
    Locations looking for expansion Haryana
    Establishment year 1996
    Franchising Launch Date 2013
    Investment size Rs. 30lac - 50lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Video Game Centres
    Ploogl is a gaming equipment & accessories rental platform dedicated..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2021
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Beauty Salons
    Bridgette Jones Rich legacy of 15+ years with strong financial performance..
    Locations looking for expansion Haryana
    Establishment year 2006
    Franchising Launch Date 2021
    Investment size Rs. 30lac - 50lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads