Important Four Trends in Indian Telecom Industry in 2015
Published By : 10 Nov 2014 | Published By : QYRESEARCH
In the coming next year the biggest trends in the Indian telecom industry are Big Data analytics, Internet of things, Network Functions Virtualization, and Mobile Financial Services. The rising volume of analytics due to excessive use of smartphones, availability of 4G networks, and proliferation of social media is giving an impetus to the big data segment. It is also being driven in India due to fast-moving trends such as e-commerce. Harnessing the power of Big Data will allow telecom service providers to deliver innovative services for newer sources of income, change and simplify operations to achieve excellence and create intelligent networks to drive a better consumer experience.
The next big trend to watch out for is the Internet of Things (IoT). This segment is expected to encourage many different business models such as software companies, device makers, and communications service providers. Expansion of IoT will also fuel Big Data, compelling it to come up with solutions for challenges such as dealing with humungous amount of data both, structured and unstructured.
A mobile financial service is the next trend to look out for in the coming years. As a huge number of Indians take to smartphones for banking, this segment will gradually become an indispensible part of life, coaxing people to making transactions such deposits, loans, bill payments, and money transfer with simple clicks.
The last important trend in question in the context of Indian telecom industry is the Network Functions Virtualization (NFV). Adoption of this concept will reduce the operational cost for service providers, thus enabling them to focus their resources on providing a better service to their consumers.