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What's in Store for the Telecoms Industry in 2023?

We’re now in the final quarter of 2022 and it’s been a rough couple of years but we have some GREAT things to look forward to. The purpose of this article is to look at forecasts in the telecommunications industry, highlight any upcoming developments in new technology and shine the spotlight on new businesses offering innovative and interesting services.

Get Involved! Does your company offer something innovative and new that you’re excited about? Or, if we’ve missed any new technology that you’re particularly excited about, let us know and we’ll mention you in this article with a link to your company’s website. Simply fill out the contact form at the bottom of the page.

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About us

Total Fibre Communications Ltd. was established in 2012 and we have grown steadily every year. Our Business is built upon our excellent reputation and good rapport we maintain with clients and onsite customers. The vast majority of our work is repeat business and from recommendations. Our professional approach to our customers is essential to the smooth running of every project.

Along with cabling, fibre optics and other communication services, we also offer traffic management, civil services and more.

Forecast of the UK telecoms market revenue growth 2013-2027

Global mobile connections will total 10 billion by 2023 according to forecasts provided by Ovum. By the end of 2023, global 5G connections are expected to reach 1.3 billion. 

The revenue of the telecommunications industry in the United Kingdom (UK) is forecast to continue to increase within the next years, albeit by fluctuating degrees. The highest future growth is forecast to take place in 2023 by approximately 8.5 percent. On average, the UK telecom industry’s revenue growth is estimated to be around 3.87 percent.” – Statista, 2022.

UK Entertainment and Media Forecast for 2023

According to PwC’s latest Global Entertainment & Media (E&M) Outlook 2022-2026, UK E&M revenue is forecast to reach £83 billion. UK E&M sales for the upcoming year will see the UK become the top market in Europe, and by 2026 revenue is expected to produce £97 billion. Growth is estimated at 4% per year over the following four years, which is the second fastest growth rate in Western Europe.

  • The UK will surpass Germany to become Europe’s largest E&M market in 2023.
  • By 2026, digital consumption will increase UK E&M revenue to about £100 billion, making it the highest in Europe.
  • By 2026, it is anticipated that internet advertising spending would account for more than one-third of all E&M revenue.
  • The predicted annual growth rate for virtual and augmented reality is 17%.
  • By 2026, spending on home and mobile internet will make up a fifth of all E&M revenue.

With this increased demand in streaming and growth of VR technology, the demand for fast Internet speeds at homes all across the country will be increasing exponentially, bringing new challenges and opportunities!

Edge Computing

What is Edge Computing? Edge computing brings computation and data storage closer to the data sources. This should reduce bandwidth usage and speed up response times. It is not a particular technology, but an architecture. The roll-out of 5G networks brings opportunities to develop more systems within the “Internet of Everything” industry.

Edge Computing Topography Chart

Digital Twins

Increased bandwidth from 5G networks and new ways of structuring and processing of massive data such as through Edge Computing means we are able to digitise so much more than before. 

In the telecommunications world, a Digital Twin is a virtual depiction of a network (services and applications) based on real-time data from various sources, such as ML data lakes, edge clouds, IoT devices, subscriber data, sensors, and more. Instead of needing to build and test various situations in actual networks, changes on the network system can be simulated in real-time.

Efficiencies can be made further by even creating virtual 3D models of telecoms sites. The largest company currently carrying out Digital Twins for Telecoms is UK Air Comms. These Digital Twin Services are used to take traditional surveys of sites, capture 3D models, create a Virtual Walkthrough and produce “Panoramic Surveys”, allowing radio planners to check the antenna’s Line of Sight through a Remote MSV (Multi Skilled Visit).

Increased Satellite Coverage and 5G NTN

The integration of Non-Terrestrial-Networks (NTN) and 5G brings a wealth of opportunities to the telco industry:

  • 5G coverage in rural and distant areas, bridging gaps in current networks, creating demand for Fibre Optic Cabling to be installed to their homes and businesses.
  • Global 5G coverage outside of terrestrial networks.
  • Coverage for IoT and mobile broadband globally with affordable connectivity.
  • Access to fixed wireless devices.
  • IoT services with low data rates for longer battery life.

Get Involved!

Leave us your details along with what service your business provides or new technology you’re excited about and we’ll mention you in our article.