Wireless Industry 2022: Winners & Losers
Wireless Industry 2022:
Winners & Losers
The wireless industry has seen plenty of changes over the past few years, and 2022 was no exception. There were some big winners & losers as companies battled it out and tried to stay competitive in an ever-evolving industry.
Winner: 5G
Easily the biggest and most successful winner on this list is 5G technology, which brought fiber-like wireless speeds to both consumers and businesses alike. As this technology continues to roll out across countries all around the world, we can expect it to become an essential part of any telecom company’s portfolio due to its increased reliability and low latency features that have been lacking from previous generations of wireless networks.
Winner: Cloud-Based Solutions
Another winner in the telecom market is companies who offer cloud-based solutions. The idea of storing data on remote servers is quickly becoming commonplace and smaller companies don’t have to worry about making large investments in IT infrastructure or staffing to make it work. This shift has allowed startups and smaller businesses to compete with much larger entities – something that wouldn’t have been possible just a few years ago.
Winner: VoIP
VoIP solutions allow customers to make phone calls over the internet instead of traditional landlines or cellular networks. This technology is quickly becoming more reliable and cost-effective, giving businesses more options when trying to communicate with each other. One example is POTS line replacement, which can be done by replacing a physical copper line with a digital solution like POTS Link. This has been a hot topic for nearly all of 2022 and looks as if it will continue well into 2023.
Loser: Traditional POTS Lines
On the other hand, there are certain losers in this industry too – mainly legacy systems such as Traditional POTS Lines that rely on outdated technology such as copper wires and analog connections. With newer solutions like the aforementioned VoIP becoming more widely available, these older systems are losing traction and customers will soon stop using them altogether.
Loser: Open RAN
Many companies were relying on new Open RAN technology to alleviate their hardware-related issues. The idea of Open RAN is that service providers would use non-proprietary components from several vendors instead of proprietary solutions that are owned by just a few. While companies are still excited about this, adoption and real-world use have been slow going as companies are faced with the choice of transitioning to new technologies or protecting their prior infrastructure investments.
Conclusion
After the busy and change-filled year that was 2022, one thing is clear – there will be plenty of exciting new possibilities for both consumers and businesses alike as we progress into the new year. If you’re interested in how you can leverage the Winners of 2022 for your business, fill out the form below to get started.
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