The number of wireless devices connected worldwide has increased 29% from 14.96 to 18.21 billion in 2019/2020 and is expected to reach 22.2 billion devices worldwide in 2021, according to Statista.
People are widely adopting wireless devices across the globe, which has increased the need for development of existing telecom network infrastructure.
A research report published by Global Market Insights, Inc., predicts that telecom network infrastructure market is likely to surpass a valuation of $100 billion by 2026.
Telecom companies are therefore striving to expand their network infrastructure to support the continuous increasing base of cellular users. How is this achieved? Telecom companies and governments are spending huge amounts on upgrading current telecom infrastructure and developing advanced technologies, which will spur telecom network infrastructure industry growth.
As cellular users increase, the number of wireless devices being deployed worldwide increases, opening the door for more cyber threats across wireless telecom networks. This inevitable pattern has made it easy for cyber criminals nowadays to access confidential information inside a telecommunication infrastructure.
Thus, cyberattacks on telecoms service providers have also grown considerably, creating a big challenge for firms when it comes to safeguarding their network assets.
As for rural areas, the rising necessity for superior cellular connectivity is helping with the growing adoption of base stations. Furthermore, high demand is expected to include microcells since they are base stations that can be used for providing connections in isolated rural places.
While telecom infrastructure is being developed, the initiation of 5G networks will be important for the growth of the industry, as it is persuading telecooperators to upgrade their capacities in order to support the commercialization of the technology.
Compared to 4G and LTE network, 5G offers enhanced speed capacities together with improved bandwidth. Since the need to commercialize the fifth generation technology has grown, it has enabled companies to implement advanced telecom infrastructure by having several supportive proposals for its commercialization.
Some of the major telecom operators across the world are carrying out 5G network trials to advance the commercialization of 5G. In October 2019, Nokia rolled out Time-Sensitive Packet Switch (TPS) Nokia 1830 to support cloud-native architectures and Time-Sensitive Networking (TSN), both time-critical service components in 5G. The latest product allowed telecom operators to upgrade their existing networks to 5G cloud RAN economically.
Telecom network infrastructure companies introduce various new products and services to encourage 5G network usage.