The consumer and enterprise shift to data services and digital engagement has been driving the telecom sector’s growth over the past two years. This trend will likely continue in 2022, given the rapid 5G rollout and adoption of software-centric networks, increasing interest in multi-access edge computing and private cellular networks, and a surge in demand for high-quality communications, internet, and other value-added managed services.
According to a report by The Business Research Company, the telecoms market is projected to reach $3.45 trillion in 2022, growing at a CAGR of 6%. The rapid tech integration across virtually every industry is expected to shape the telecom industry’s future.
