Ensuring your network is up to date, secure and running efficiently is among the many important questions many providers are having to answer as demand increases in the market for wireless and broadband.
It's easy to understand why. The popularity of streaming video platforms like Netflix, Hulu and Playstation Vue has seen a dramatic rise in consumers dropping traditional cable or satellite options in favor of online alternatives. 82% of all web traffic will be made up of streaming video by 2020, meaning networks need to be ready and evolve with the market.
Here are 3 ways companies are preparing for these changes with specific telecom services.
1. The growth of 5G by 2020 (Verizon)Verizon is currently conducting field trials for the upcoming deployment of new 5G networks (1). According to Verizon, 5G will provide a download speed of 1 Gbps or 200 times the currently available 4G LTE speed. While a full phased 5G network won't be available until 2020, the work is beginning now and won't be slowing down anytime soon.
As noted earlier, the popularity of video streaming also translates directly to wireless devices. This will be a clear advantage to consumers wanting more content faster, including the news that 5G-enabled mobile devices will actually last longer than previous 3G or 4G options.
2. Fiber optic expansion on the riseFiber optic market size is projected to reach $5 billion by 2021, making it one of the fastest growing areas in telecommunications in the next few years. This sudden increase is being driven by growing FTTx networks (fiber to the home/building/enclosure) and demand for faster ISP connections with the rise in popularity of streaming services.
Many companies are considering fiber expansions through the use of dark fiber or any unused fiber networks that have been previously laid. Verizon looks to be the most aggressive with this move (2) to help support existing 4G and to help transition into the upcoming 5G deployment.
3. The ease of project management services
So, you're aware of the changes coming. The next move is finding an easy and cost effective telecom solution.
BDC Group, Inc provides top quality project management services that can formally initiate, plan, execute, control and close out all kinds of telecom projects.
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