Telecom services are in high demand due to the increasing need for advanced connected technologies to facilitate hybrid working and digitalization. In addition, the $1.20 trillion infrastructure Investment and Jobs Act (IIJA) passed last year has devoted $65 billion to nationwide broadband adoption, which should boost the domestic telecom sector.
Moreover, telecom companies are investing heftily in deploying 5G due to the increasing inclination toward next-generation technologies. According to a report by Precedence Research, the global telecom services market is expected to grow at a CAGR of 4.9% by 2030.
