The latest Global Telecoms Outlook report projects that global telecoms revenue is set to reach $1.1 trillion by 2028, driven by the growth of fixed broadband and 5G subscriptions. Despite facing challenges like rising costs and slow subscriber growth, the industry is expected to grow at a compound annual rate of 2.9%. Fixed broadband and mobile subscriptions are predicted to increase annually by 3.8% and 4.3% respectively, while fixed voice subscriptions may decline by 1.8% during the forecast period.
In various regions, fixed broadband subscriptions are estimated to grow between 0-6%, with notable markets like India, Nigeria, and Malaysia showing high growth rates. Industry experts emphasize the need for telecom companies to innovate and adapt to changing market dynamics. They highlight the importance of leveraging AI technologies to improve operational efficiency and enhance customer experiences.
Telecom operators are encouraged to embrace AI to drive cost savings and enhance connectivity services. The industry has the potential to lead the way in deploying AI technologies at scale. By investing in digital infrastructure and optimizing market strategies, telecom companies can capitalize on emerging opportunities in the evolving digital landscape.