Telecom Towers Market
- Jun 28, 2018 -
The global telecom towers market is expected to register a CAGR of 17.63% during the forecast period. The telecom tower industry has gained high prominence as an independent industry, mainly in India and the United States. In other parts of the world, tower sharing has been initiated or already in practice, and yet major share of the telecom towers are managed by the telcos. Tower sharing is one of the major growth drivers for the telecom industry, as it significant benefits, such as cost reduction and faster data rollout. Growth in cloud-based services for mobile users and roll-out of 4G LTE services around the world have increased the network investment by carriers, which is driving the demand for the telecom towers market.
Growing Connecting/Improving Connectivity to Rural Areas
The annual data usage through wireless networks has been increasing rapidly, promoting the smartphone penetration considerably. The adoption of broadband services can improve the economy in rural areas by increasing income, creating jobs, and by lowering unemployment rates. Over the last five years, there has been a drastic increase in the number of mobile phones that led to a steady rise in data traffic, gradually. According to the Cisco Virtual Networking Index, global mobile data grew by 63% in 2016, as compared to 2015. Nearly 425 million mobile devices and cellular connections were added in 2016, while smartphones led the growth of these devices. According to Ericsson, the total number of IoT connected devices is expected to reach beyond 20 billion by 2023.