Top 4 Challenges Telecommunications Companies Need to Overcome

Blog | November 28, 2017

Over the years, the telecom industry and communication techniques have come a long way; therefore, telecommunications companies havebeen compelled tocontinually evolve and innovate to survive and stay afloat in the market successfully. In an industry that has no shortage of competition and pressure from rivals, what are some of the critical challenges that telecommunications companies face?

Challenges for Telecommunication Companies

OTT Services are Slowly Taking Over the Market

Over the years, various messaging apps such as WhatsApp and Facebook messenger havegained popularity among the users. This poses a significant threat to the revenue of telecommunications companies. If this trend continues, the text messaging service offered by providers in the telecom industry will die out, leading to OTT service providers stealing large chunks of the revenue. Mobile apps like WhatsApp and Facebook messenger have also launched free voice calling and video calling facilities that willpose a serious challenge for the growth of telecommunications companies.

Speak to an analytics expert to know more about the challengesfaced bytelecom companies.

Gearing Up for IoT

As the number of connected devicesis rapidly increasing,IoT is slowly making its way to becoming part and parcel of our everyday lives. To sustain this mounting growth of connected devices, there is high pressure on telecommunications companies to develop more advanced technologies and platforms that support s high level of connectivity.

Voice Revenues are Falling

Once upon a time, text and voice used to dominate the telecom industry. However, these trends are slowly changing with internet messaging and VoIP calls dominating the market. With increased internet and Wi-Fi speed and data limit, it has become much more comfortable and cheaper for people to resort to such services, cutting short the revenues of telecom companies by a significant margin. The need of the hour is for telecommunications companies to find an additional source of revenue to replace voice and text such as network-level value-added services.

Quantzig is at the forefront of enabling digitalization for telcos, request a proposalto learn more about our capabilities.

The Rise of 5G

The 5G spectrum is undoubtedly the next big thing for telcos. It is not only expected to improve the speed of the network but also to bring in greater capacity and latency as well. The introduction of 5G will not just facilitate the development of IoT in the telecom industry but will result in a complete revolution of mobile technology. This willcompel other industries to venture into the telecom industry, for example, technology giants and car manufacturers partnering with telecommunications companies in order to launch their products. This will eventually put more pressure on telecommunications companies to invest heavily in 5G technology to stay updated and relevant in the market in the coming years.

Connect with us

Insights

Applications of Healthcare Customer Segmentation in the Healthcare Industry

Written by: Medha Banerjee Introduction on Healthcare Customer Segmentation The concept of customer segmentation is widely accepted across industries such as retail and telecommunications. However, it has recently gained momentum in the healthcare industry as it allows hospitals and healthcare service providers to facilitate patient engagement and enables personalization. An effective customer segmentation strategy offers […]

Future of Revenue Analytics in the Travel & Hospitality Sector

Introduction to Revenue Analytics The travel and hospitality sector, the path to sustained success lies in harnessing the transformative potential of revenue analytics. From the use of big data and AI-driven pricing strategies to personalization and demand forecasting, this exploration unveils the key traveling trends and innovative technologies that are revolutionizing revenue management. As we delve […]

Unleashing the Power of Telecom Analytics Solutions: Insights and Strategies

Written By: Sudeshna Ghosh Introduction on Telecom Analytics Solutions In today’s rapidly evolving telecommunications landscape, the pursuit of cost savings and operational efficiency has become paramount for businesses seeking a competitive edge. With the ever-increasing complexity of the telecom landscape, companies are seeking ways to streamline their processes and reduce expenses without compromising on service […]

How can Vegan Marketing Strategy help you with Increase in Customer Acquisition?

Introduction to Vegan Marketing Strategy As we move towards a more sustainable environment, the food industry is gaining consumer looking for a more evolving, and sustainability and cruelty-free products concerns are gaining prominence, crafting a robust marketing mix strategy is pivotal for organizations aiming to gain a competitive edge. In this article we are going […]

Establishing an Effective Vendor Evaluation Framework: Dos and Don’ts

Introduction to Vendor Evaluation Process As the name suggests, vendor evaluation is a basic process of evaluating new and old vendors using a quantifiable approach. It holds a top spot in the agenda of every business irrespective of its sector since businesses have a huge portfolio of suppliers, and it’s essential to gauge their performance […]

Improve Retail Promotions with Promotion Analytics

Written By: Sudeshna Ghosh Introduction to Promotion Analytics Promotional offers is currently the pathway to make the biggest difference in businesses. The power of Promotion and Campaign Analytics in the retail sector is more than just a strategy; it’s a transformative tool that enable retailers to delve deep into historical promotion data, customer behavior, and market […]