Telecommunication refers to communication at distant places using
technological means such as mobile phones, satellite communication
devices and others. Over the period of time, telecommunication
industry has evolved from traditional wired telephones to advanced
services such as the internet, wireless communications, optical
fibers and satellite communications. Additionally, due to low cost
service offered by the service providers and inexpensive
communication devices, subscribers for various wireless as well as
fixed point communications have increased substantially in the past
few years. Moreover, telecommunication industry is witnessing rapid
technological developments due to advanced consumer electronic
devices such as smartphone, laptops and tablets.
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Today, telecommunication technologies are used for various purposes
such as point-to-point communication, entertainment, delivery and
access to internet enabled services, critical communication, news and
infotainment and others. Telecommunication using devices such as
mobile phones, laptops and other handheld devices is attained via
both terrestrial as well as satellite communication networks.
Telecommunication market can be broadly segmented as internet service
providers (ISP), telephones, satellites and cable communication.
Internet service providers are the organizations that provide service
to access the internet. ISPs comprise various types such as access,
hosting, mailbox, virtual, transit and free ISPs. Further, telephones
can be classified as fixed telephones and mobile phones. Fixed
telephones include landlines, cordless phones, intercom systems and
others. Mobile phones, also called as cell phones, include use of
wireless phones that can make phone calls using cellular network over
radio link.
Further, satellite communication is based on artificial satellites
that provide link between the satellite and various points on the
earth called as earth stations. Satellite communication can be
divided based on its application such as mobile communication,
military communication, digital cinema, radio services, internet,
global positioning systems (GPS) and others. Cable communication
makes use of cables such as optical cables and traditional copper
cables for communication. The internet infrastructure is heavily
dependent on cables to provide internet access to the subscribers.
Furthermore, it is also used in fixed landlines, television
broadcasting and other communications services.
Demand for advanced and high speed internet service is a major factor
driving the growth of ISP market across the world. Additionally,
features such as video on-demand, online gaming and others are
expected to fuel ISP market in the near future. Moreover,
introduction of services such as cloud computing is further expected
to boost the internet service market. Further, increasing number of
subscribers for wireless communication in recent years is the most
important factor driving the growth of cellular networks. In addition
to this, development of advanced cellular networks such as third
generation (3G), and fourth generation (4G), long-term evolution
(LTE) technologies is fueling the cellular networks market growth.
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Additionally, growing usage of intercom (landline) systems with voice
over internet protocol (VoIP) in organizations is expected to drive
the landline phones market in near future. Furthermore, with rising
dependence over satellite communication due to its better
connectivity and global coverage, the satellite communication market
is expected to boom in near future. Satellites cover up to over 90%
of the world and are highly efficient in providing mobile
communication, digital television, radio and other services.
Some of the key companies in telecommunication market include AT&T
Inc., Verizon Communications Inc., Comcast Corporation, Time Warner
Cable Inc., CenturyLink Inc., DirecTV Group, Sprint Corporation,
T-Mobile US Inc. and others.
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