As per the recent report from Transparency Market Research, the global telecommunications services market is set to reach value of $1.4 billion by 2025. The telecom industry is rapidly evolving, shaped by the evolution of technology and light-speed innovation. Many newly emerged technologies, such as 5G network, big data, Internet of Things (IOT), cloud computing, and machine-to-machine (M2M) will continue to boost and transform the telecom services provided by those largest telecom companies around the world.
Telecommunication services are beneficial for businesses as they enable effective communication with customers and help in establishing a healthy relationship between enterprises. These services are also beneficial for employees as it provide flexibility and efficiency and allow easy transmission of data. A smartphone is one of the key applications of mobile telecommunication service which includes extensive range of telecommunication functions, such as making phone calls, receiving or sending data via mobile networks, and accessing internet.
Factors enhancing growth of telecommunication services are investment in new telecommunication technologies like satellite and wireless communication, innovative services like e-agriculture and e-education and growing demand for high speed data processing and high speed Internet. On the other hand, the wake of Internet of Things (IoT) technology in the telecommunication services market is creating growth opportunities. IoT technology enables telecom operators to monitor and plan maintenance more efficiently, enhance bandwidth and coverage to improve download times, and enhance customer service by reducing dropped calls and service delay times.
However, when it comes to finding an effective telecommunication service provider, CIOs find it extremely challenging to steer through the vastness of telecom industry. To make this mission an easier one, our distinguished selection panel, comprising CEOs, CIOs, CTOs, industry analysts and the editorial board of CIO Advisor narrowed the top ten providers that exhibit competence in delivering efficient and cost-effective enterprise telecom solution providers.
We present you the CIO Advisor’s “Top 10 APAC Telecom Technology Service Providers 2018.”