The Post–COVID–19
Trajectory of the Global Telecommunication Market

Global
telecommunication market is estimated to grow at a CAGR of nearly 4.0% during the
forecast period (2024-2031). The market growth is driven by the increasing usage of the internet
and the rising availability of attractive subscription plans. The global
telecommunication market is segmented by type (hardware, software, and
services), by end-use industry (retail & e-commerce, manufacturing, media
& entertainment, healthcare, automotive, and others), and by
geographies (North America, Europe, Asia-Pacific, and Rest of the World).

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Asia-Pacific
is anticipated to hold the largest market share during the forecast period. The
regional market growth is attributed to the large unmet demand for telecom
services in the region. Additionally, the rise in the number of users of
telecommunication services in economies such as India and China is contributing
to the increasing adoption of various communication platforms, supporting
market growth. 

The major players in the
global telecommunication market include Verizon Communications Inc.,
Vodafone Group Plc, NTT Corp., Deutsche Telekom AG, Huawei Technologies Co.,
Ltd., Telefónica SA, América Móvil, BT Group, Turkcell Iletisim Hizmetleri, and
VEON Ltd., among others. The market players are contributing significantly to
the market growth, by the adoption of various business strategies, such as
collaborations, mergers and acquisitions, product portfolio diversification,
and more.

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Recent
Developments

·       
In September 2024, the Department of
Telecommunications issued the Telecommunications Right of Way Rules, 2024 (RoW
Rules). The draft
rules for the RoW Rules were published on July 10, 2024, for a 30 (thirty) day
period of public consultation. The final RoW highlights 14 amendments in Rule
3, Rule 4, Rule 6, Rule 8, Rule 10, Rule 12, Rule 14, Rule 15, Rule 17, Rule
18, Rule 19, and Rule 20.

·       
In September 2024, the Telecom Regulatory
Authority of India (TRAI) released recommendations on the 'Framework for Service Authorisations to be
Granted Under the Telecommunications Act, 2023’. The Department of Telecommunications
(DoT) informed TRAI of the publishing of the Telecommunications Act, 2023
in the Official Gazette of India, in June 2024. The letter talks about the
recommendations in Section 3(1)(a) and Section 11(1)(a) of the TRAI Act,
1997.   

·       
In June 2024, the Telecommunications Act, 2023 amended and consolidated the law
relating to the development, expansion, and operation of telecommunication
services and telecommunication networks, assignment of spectrum, and matters
connected therewith. It also repealed existing legislative frameworks like the
Indian Telegraph Act, of 1885 and the Indian Wireless Telegraph Act, of 1933
owing to huge technical advancements in the telecom sector and technologies.  

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