Juniper Research Reveals Its Top 10 Telco Trends For 2024, Amidst Major Technological And Business Shakeups
The top ten trends that Juniper Research believes will have a big impact on the telecom industry in 2024 were just released. The combination of new technologies and significant industrial movements is projected to cause significant disruptions in the telecommunications business. The results, which are presented in-depth in the most recent whitepaper from Juniper Research, point out important transformational areas that telecom industry stakeholders need to pay close attention to as they negotiate the changing terrain.
Launching satellites and integrating cellular networks:
In 2024, satellite launches are anticipated to pick up speed, resulting in the convergence of non-terrestrial and terrestrial cellular networks. Potential benefits of this combination include improved global network coverage and connection.
2. Telecoms Open APIs:
Increased use of open APIs in the telecom industry is being driven by growing SMS costs and the need to combat fraud. Open APIs can solve issues with conventional messaging services and promote creativity and teamwork.
3. Conversational AI with Generative AI:
Conversational AI is expected to undergo a revolution thanks to generative AI, which will automate customized marketing efforts. This points to a change in user interactions toward ones that are more dynamic and customized, utilizing AI to produce interesting and pertinent material.
4. eSIM Adoption Worldwide and iSIM-Capable Devices:
In 2024, a large number of devices with eSIM capabilities are anticipated, which will aid in the global deployment of eSIM technology. A shift toward SIM cards that are more programmable and adaptable is seen in this trend.
5. Impact of EU's DMA on OTT Channels:
Over-the-top (OTT) channels are anticipated to be required to build cross-platform capabilities by the EU's Digital Markets Act (DMA). One answer to this governmental drive is Apple's support for the Rich Communication Services (RCS) messaging standard.
6. Adoption of BCE 2.0 Protocol and 5G Data Roaming:
The deployment of the BCE 2.0 protocol is expected to accelerate because to the rise in 5G data roaming traffic. This indicates that effective standards are required to manage the intricacies of 5G data roaming.
7. Setting Sustainable Initiatives as a Priority:
Prioritizing sustainable activities is expected of telecom firms in order to lessen the environmental impact of their supply chains. This is indicative of a larger movement in the sector toward environmental responsibility.
8. Generous Language Models for Voicebot Utilization:
It is anticipated that the use of big language models would reduce the entry hurdle for voicebots. This suggests a tendency toward voice-controlled devices that are increasingly complex and competent.
9. Enhanced 5G Networks Open Up New Markets:
The emergence of new markets for mobility and extended reality (XR) is expected to be facilitated by advanced 5G networks. This implies that 5G will have an impact on a variety of businesses in addition to improving mobile broadband.
10. Using AI throughout the Network as 6G Approaches:
The efficiency of operations is anticipated to rise with the adoption of network-wide AI, particularly as the next generation of 6G technology gets closer. This emphasizes how crucial AI is for streamlining network operations.
The telecoms market research vice president at Juniper Research, Sam Barker, highlighted the industry's quick digital innovation and the assumption that operators will take advantage of efficiency improvements to strategically position themselves in the face of business and technical upheavals.
The forecasts made by Juniper Research are supported by the perspectives of its knowledgeable team of telecom market analysts, who cross-referenced industry expertise with information gleaned from the web platform harvest, which included 1.8 million telco market statistics. The purpose of the whitepaper is to give industry stakeholders useful information as they navigate the ever-changing telecom landscape.
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