The telecom industry is growing rapidly amid the increasing government and corporate investments in 5G deployment, improved availability of handsets, and increased accessibility. The use of 5G services is starting to take off. According to the Ericsson 2022 Mobility Report, global 5G subscriptions are on track to reach 5 billion by the end of 2028.
In addition, the telecom market is expected to grow to $3.82 trillion in 2027 at a CAGR of 5.8%, driven by IoT technology adoption by manufacturing and transportation services companies.
