Complete 1 page APA formatted article: Today and the Futures Telecommunications Business Trends. (Assignment) Telecommunications Business Trends Telecommunication links people with wired and wireless technologies making their communication easier despite geographical distance or cultural variance. It has become one of the fastest growing sectors that are highly interrelated to innovative business trends. The recent telecommunication trends have well influenced other sectors like business, education, and tourism with the emergence of e-commerce, online tutorials, and other web-based services. The remarkable feature of the broadband is that it connects people all over the world, and provides common populace with easy accessibility as DSL or cable modem at their homes. The expansion of wireless internet in the form of WiMax and WiFi with high speed data access has opened booming business trends in telecommunication industry. According to the Office of the Federal Register (27), Telecommunication offers its incredible service in the areas of forecasting, disaster recovery management etc through the introduction of a variety of new devices. The innovative device technology of mobile phones has brought revolutionary changes in the telecommunication business trends. For instance, the low cost availability of mobile phones with prominent features such as dual sim is widely appreciated and accepted. To be more specific, the internet and its applications would bring vital modifications to the telecommunication sector and would drive innovative business trends with its flexibility and cost-effectiveness (Telecom Futures). With regard to future trends, in addition to the present multimedia 2G and 3G systems, 4G and 5G systems would enhance the internet facilities and improve the access to global markets in near future. The satellites with its extreme applications offer wide access to a number of services in developing telecommunication field. The ongoing advancements of satellites and other wireless platforms would lead to the further development of telecommunication business. For example, the efficiency of optical fibers offers excellent connectivity with optimal bandwidth, which would pave way for further inventive telecom business. Pan and Polishuk (11) opines that The advancement of the optical fiber technology and DSL has benefited small business owners with high speed internet access and other facilities of fax and calls, all available on one telephone line. The mobile phone technology and the broadband with value added services would alter telecom business trend more in the near future. Telecommunication has intensified trade and commerce through E-commerce, online telephony, video conference, and other telecom techniques. The future trends would further enhance trade and commerce because information accessibility would be possible with minimal time and effort. To illustrate, the services of iphone and ipod deliver mobile entertainment and they are further expected to offer advanced services in future. The telecommunication trends would improve the internet accessibility and telecom companies would enter television market too. The facilities such as voice over internet protocol (VOIP) and voice over cable would gain more significance in future and may cause cut-throat competition in the telecom market. Although the new trends like video-chatting has significantly influenced the communication between people, it has not yet acquired enough popularity. It is envisaged that the popularity of the technique and its easy access would minimize the communication costs to a large extent in future. In order to explore the future potential trends in telecommunication industry, it is necessary to analyze the possibilities in banking sector. As we know e-Banking has made the banking transactions supersonic and customers are relieved from the troubles associated with traditional banking procedures. Similarly, mobile banking has been introduced most recently as modification to e-Banking. As a result, more and more customers tend to move toward this sector. Obviously, large areas in the banking industry still remain a good market, and its thoughtful expansion would contribute to the prosperity of future telecom industry. In the words of Fransman (1997), by the integration of multimedia information with telephone, consumer electronics, and computing techniques with mass media, telecom industry has gained some notable developments. Now, it is possible to share photos and videos with the help of recently developed telecommunication techniques such as social sharing networks, and it would open further scopes in the field of multimedia presentation. In addition, the development of value network in telecom industry also will make new branches for further expansion. Under this system, companies from different industries would join together to serve their customers efficiently. According to Li and Whalley (2002), this network is comprised of software, network, connectivity, navigation and middleware, applications and consumers. Stop-shopping is an innovative concept which is offered under value network. However, inter-firm partnership seems to be one of the major future telecommunication business strategies. In short, telecom industry is blessed with a wide scope of business potential. The success of business expansion lies with integrating various technologies with the modern communication devices. Works Cited Fransman, Martin. “Towards a new agenda for Japanese telecommunications”. Telecommunication Policy 21 (2): 185-194, 1997.Web 4 March 2011. Li, Freng. & Whalley, Jason. “Deconstructions of the telecommunication industry: from value chains to value networks”. Telecommunications Policy 26:451-472, 2002. Web 4 March 2011. Office of the Federal Register. Code of Federal Regulations, Title 47 Telecommunication. US: Government Printing Office, 2010. Print. Pan, Hui and Polishuk, Paul. XDSL News. Boston: Information Gatekeepers Inc, 1999. Print. Telecom Futures. Institute for Global Futures. n.d.
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