With the rise of high-speed internet and phone connectivity, telecommunications companies have their hands full building new structures, as well as servicing and upgrading old ones, to support demand. A key element in maintaining and building these structures is having the right construction equipment available.
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The telecommunications industry, often shortened to “telecom industry”, is the industry made up of companies that facilitate global communication through phone technologies, the internet, or both. These companies are behind the infrastructure that lets us send data anywhere in the world.
The telecom industry is made up of several different segments:
The local telecommunications industry struggled a little in 2017, as the telecom service provider segment lost 0.73 percent of its revenue. While the telecom equipment manufacturer segment gained 12.09 percent, this was below the S&P 500 benchmark of 16.91 percent gains. Increased competition led to a decrease in consumer spending, despite customers using more data. Investments in 5G and fiber optic build-out have also reduced profits.
The telecommunications industry continues to grow and evolve. With telecommunications companies lowering their prices to remain competitive, businesses in the industry are looking for other investment opportunities and cross-industry partnerships to boost their revenue.
The imminent introduction of new mobile technology platform 5G is one of the most significant and anticipated developments for the telecommunications industry. The fifth-generation platform promises greater speed, greater responsiveness, and the ability to connect more devices to the network simultaneously.
The 5G platform will be the backbone of several other cutting-edge technologies, including self-driving vehicles, mobile media, and the Internet of Things (IoT). While its roll-out will take several years, the platform’s foundations will be built in 2018. AT&T has promised 5G mobile in 2018, and Verizon says the technology will be in the homes of its American customers by the year’s end.
The IoT should be a key driver for future telecommunications services growth. Self-driving vehicles are one of the most successful applications of the technology, but we can expect to see more innovative uses as telecommunication businesses explore the technology’s potential in the home and business markets. Augmented and virtual reality are two more key technologies likely to play a larger role in the business development of telecommunication companies.
More telecom carriers are also likely to diversify their business practices and enter the media space through partnerships, business mergers and acquisitions, and other professional arrangements.
Telecommunications equipment installers and repairers, sometimes called telecom technicians, are some of the most important workers in the telecommunications industry. They set up and maintain the equipment that carries communication signals, such as high-speed internet routers and telephones lines. While tasks vary depending on the worker’s specialization and employer, some of the most common activities telecommunications equipment installers and repairers perform include:
Telecommunications equipment installers and repairers typically work full-time hours. These hours may involve evening, overnight, holiday, and weekend hours, depending on the employer. Some telecommunications equipment installers and repairers are on call to resolve emergencies at any time of the day or night.
Telecom companies and the services they provide vary significantly depending on which segment of the telecommunications industry they belong to. However, some of the services business and individual consumers may expect from telecom companies include:
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