Telecom companies strive to beat records with extremely fast LTE networks
Implications - As connectivity continues to become an integral part of consumer lifestyle, desires for instantaneous engagement is becoming commonplace. Providing users with network speeds and LTE services that go beyond sufficient needs, telecommunication services are turning to record-breaking data features to not only heighten user experience, but also maintain a sense of status among competitors.
Trend Themes
1. LTE Advanced Networks - Telecom companies are investing in LTE advanced networks to provide record-breaking data features for users and maintain a competitive edge.
2. Faster Download Speeds - Telecom companies are focusing on faster download speeds to cater to modern age individuals seeking instant engagement.
3. Affordable Smartphones - The market for affordable smartphones is expanding, as developing countries rise, pushing brands to create premium devices with budget designs.
Industry Implications
1. Telecommunications - The telecommunications industry has a significant role in developing innovative solutions to meet consumer demands for faster and more reliable networks.
2. Mobile Technology - With mobile technology becoming the go-to source for entertainment, work and more, manufacturers are looking to provide users with budget-friendly premium smartphones featuring good camera technology, connectivity functionalities including Bluetooth, wifi, and 4G LTE.
3. Electronics - The increasing demand for affordable smartphones is making the electronics industry expand the market by creating new products that cater to customers' needs, integrating premium features in a budget design.
