Technology, Media and Telecommunications

The IT & Telecom industry has witnessed various technological up-gradation and advancement over the period of time. It is one of the most advanced industry in terms of innovation, and players are continuously seeking for further advancements to sustain in the highly competitive environment through enhancing the customer experience. The presence of vast number of IT & Telecom providers in the market has resulted in ad The IT & Telecom industry has witnessed various technological up-gradation and advancement over the period of time. It is one of the most advanced industry in terms of innovation, and players are continuously seeking for further advancements to sustain in the highly competitive environment through enhancing the customer experience. The presence of vast number of IT & Telecom providers in the market has resulted in adoption of several emerging technologies, including Artificial Intelligence (AI), Machine Learning, 5G Technology, DevOps, Network Virtualization, and Intelligent Automation, among others. The adoption of these technologies has resulted in increased investments in transformation of their business models.

Some of the recent trends witnessed among Telcos is the evolving communication technologies. These technologies are focused towards attaining improved mobile broadband, massive machine-type interactions, and -reliable and low latency communications. Also, cellular wireless network providers are integrating advanced technologies such as heterogeneous networks, software defined networking (SDN), and virtualization for boosting communication. Moreover, due to the outbreak of COVID-19 pandemic, businesses and consumers are more heavily relying on connectivity to efficiently work-from-home, perform business activities online, and learn from home.

In the IT sector, digitalization is becoming ever more important. A number of organizations are accelerating their process of digital transformation. Availability of enhanced cloud infrastructure, government support, and improved business operations, are key factors boosting the need for digitalization among the companies. Moreover, the immense of data generated through the adoption of such technologies has created opportunities for various industry verticals to better perform businesses through analytics. This has further increased the demand for cloud-based services and infrastructure, Internet of Things (IoT), and data centers, analytics, among others.

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