The central paradox inherent in the business of telecommunications over the past several years was at its most vivid in 2012. Having finally recovered fully from the global economic downturn and come to terms with the challenge of mass broadband and digitization, the industry had to contend with the ongoing issues of how to grow and become more profitable. We define digitization as the mass adoption of connected digital technologies and applications by consumers, enterprises, and governments—a revolutionary movement that is reshaping the sector.
On the one hand, data traffic over both wireless and fixed networks continued to increase at explosive rates. Traffic growth is driven by the massive uptake of smartphones and tablets, the mobile Internet, and digitization technologies such as cloud computing, and to a far lesser extent by rapidly increasing machine-to-machine services. Indeed, data traffic appears to have risen even faster than expected.
To read the full, original article click on this link: 2013 Telecommunications Industry Perspective
