This is not the era of postcards and letters and definitely not a time when people used to wait for an outstation call for hours before they got connected. Communication has come a long way and with it telecommunication has evolved a hundred folds.
Last year, the telecommunication industry succeeded in accepting and dealing with the two biggest setbacks that could have occurred recently. The first one was the global economic slump that lingers to unfavorably disturb the performance of operators in the industry throughout the world. Growth has decreased, assisted by forced credit bazaars, and hence increased the making of the commodity base fold telecom services, while also decreasing the estimations of operators. And this has affected all operators whether big in their establishment or small.
Due to this operators took to cost cutting and trying to increase their efficiency instead. This upsurge in attention has also led to a significant a visible decrease in unifications and attainments.
The second jolt has been the disturbance due to digitization at such a high level and coverage. Today consumers are not dumb and have immense knowledge of the telecom industry and this makes them more demanding and in turn the operators need to give them the best they have. People know and ask for better and new services like mobile payment platforms and cloud computing among many others. The biggest market in demand seems to be the mobile industry which has grown in leaps and jumps in the past few years.
There is a lot which needs to be discovered and enhanced. Operators must start creating arenas of selections which would be necessary to govern their future. Telecom industry has become so competitive that to keep afloat we always need to be in line with what is in the market and what the market demands.