Is Telecom Industry Growing in World?
“Is the telecom industry growing in the world?” This question crops up in almost every mind every time someone needs any assistance in understanding the subject. The answer to this question is “Yes”. telecom industry is growing in the world because it has become one of the primary sources of income-generating sectors in the economy.
Let us see how the industry is growing in terms of revenue generation. As already discussed in the previous paragraph, telecom companies are developing their network infrastructure and are deploying advanced telecom devices and services among the masses. The market penetration is rising due to this aggressive promotion which has resulted in a rising number of customers.
This is a result of the low capital costs and increasing operational and profit margins. As a result, there is no dearth of cash in the industry and thus it has been able to finance mergers and acquisitions, take out new ventures, and fund research and development activities for making the company stronger.
Another reason is that competition has also been kept down by stiff rivalry in the market. There are numerous players in the market including Bajan, Bharti Airtel, Idea, Reliance, Tata, Sun Industries, and others. Each one of these brands has its own way of offering services to the masses. Each brand is focusing on its core services to drive its sales. The market is becoming saturated with these brands and thus each one of them is developing its own niche.
The entry of Reliance Communications into the market is further augmenting the competition. They are one of the leading service providers in the country. They are focused on offering hassle-free services to the consumers. They are also making efforts to penetrate the local market. This has resulted in an increased customer base and widening of the customer base.
Sun Industries too is emerging as a leader in the telecom industry. They too offer wireless communication services and are providing VoIP (Voice over Internet Protocol) services as well. Sun’s tariff plan has got extremely competitive rates and attractive offers. With the launch of 4G services by Sun, things have become even more attractive. People are attracted to the tariff plans because of these tariff plans and the quality of services they provide.
Now if we look at the market from a bigger picture, the market is not growing so fast. The growth of the market has actually stagnated in the last few years. This is because there is a lack of new entrant in the market. The entry of telecom players has actually not helped much. There are only a few players in the market that actually are making profits and are growing.
Let us take the case of Bharti Airtel. They have managed to expand their territory quite comfortably and are actually growing quite strongly. This has actually been a positive sign for Bharti Airtel as well as for the Indian economy. As the market is expanding, there is a great chance that other telecom companies will start making profits from the expanding market. The competition in the telecom industry is actually helping the market to grow at a faster pace.
This is how the question, “Is Telecom Industry Growing in World?” can be answered. There are actually many indicators out there that show how the industry is growing in the global market. One of the best indicators out there is the increasing number of connections that people are making through VoIP services.
There are many people in the world who still use landlines. But it is actually going down due to the increasing use of mobile services. One of the biggest reasons why people are using VoIP services is because they are cheaper. Most of the times, the services are provided at very low cost, which makes the phones very affordable.
The second reason why this industry is growing in the world is that people want to stay connected all the time. Many people consider mobile phones to be the best means of communication as they can be kept in one place and can reach anywhere at any time.
When we talk about the question, “Is telecom industry growing in the world?” the next question that comes to our mind is, how people are utilizing this technology. In today’s world, most people have become addicted to the services.
This is because cellular phones have become very useful when it comes to communication. It has become a must for everyone to use the phones, as the services offered by them are very efficient and cost-effective.
So, now you already know how the industry is growing in the world? Well, I believe you should do your own research as to why people prefer VoIP services over traditional telephones. You might also find some other reasons that can make you choose VoIP over your conventional phone. So, it will all depend on you and how you would like to utilize the technology. Whatever you decide, just make sure that you are getting the service that is perfect for you and your family.