Key Technological Trends Transforming The Telecom Service Industry In 2023

By Author: Kevin
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Telecommunications is one of the most innovative businesses, powering numerous new technologies. The telecom business is always expanding, and 2023 will be no different. From 5G technology becoming mainstream to the digital BSS platform for CSPs taking over business support system operations for betterment, there are several trends in the telecommunications industry to watch out for.

Here are the top telecom trends that will transform the telecom industry in 2023:5G

The worldwide 5G technology market was estimated at $5.13 billion in 2020 and is expected to increase at a CAGR of 65.8% from 2021 to 2030, reaching $797.80 billion by 2030. (Source: Allied Market Research). More and more telecom businesses are starting to monetize 5G technology now that the infrastructure is fully operational. The staff of telecom companies has been adequately trained to troubleshoot issues related to 5G.

5G technology is entering its first phase of use cases. Telecom companies have made investments of millions and billions of dollars in 5G infrastructure, networks, licenses, and not to forget the digital 5G BSS solution as ...
... well. Keeping this in mind, 5G monetization is more than a necessity for telcos to stay in the competition. Telecom 5G BSS platform is one of the major solutions assisting telcos in the transformation journey.

WiFi6

WiFi has bandwidth and range constraints. The new WiFi 6 enhances network performance, increases capacity, decreases lag, links more devices, and increases speed. Telecom providers that use WiFi 6 can effectively manage traffic across the network and provide workarounds in locations without fiber connectivity.

WiFi 6, coupled with 5G, provides increased signal strength, enabling IoT adoption and bringing seamless functionality and connectivity to the wireless world.

Internet of Things (IoT)

The increase in the adoption of 5G technology will also enable a new generation of Internet of Things (IoT) applications and services. An IoT platform for telecom businesses has become the need of the hour, keeping in mind the dynamic nature of the industry. With an IoT platform for telecom, companies can link their various tangible assets to the cloud and monitor their operations remotely, investigate issues, perform software upgrades, and maintain inventory records.

The relevance of IoT stems from its capacity to remotely connect base stations and data centers. Most telecommunications industry players will enhance IoT adoption in order to maximize the advantages of the technology.

Field Service Management Software

In today's digital-first environment, field service management software has become indispensable for telecom service providers. Field service providers must discover key problems that customers are facing and provide a resolution at lightning speed. This is exactly what a field workforce management solution is designed to do. It assists telecom enterprises in managing field-based personnel by maximizing their location and availability, as well as optimizing field service operations such as pricing, scheduling, dispatching, invoicing, and many other operations.

Digital BSS Platform

The 5G-powered digital 5g BSS solution is a must for telecom players to monetize and meet the demands of the 5G business model. A digital BSS platform gives telecoms the ability to serve a diverse and dynamic ecosystem that is required to support the expanding and ever-changing telecom business.

These developments, particularly the 5G deployment, will have a substantial impact on the operations of telecom businesses. Furthermore, their capacity to monetize 5G and other developments using a digital 5G BSS solution will have a long-term impact on them.

For more information visit https://www.6dtechnologies.com/products-solutions/internet-of-things