5G speeds traffic up

The global telecoms and media market will generate $1.58 trillion in revenues in 2021 from 11.96 billion connections, according to statistics from research firm Ovum.

The US will be the world’s largest telecoms & media market by revenues throughout the forecast period, with revenues of $402 billion in 2021 generated from 805 million connections. US revenues will be 25% of the global total in 2021, compared to US connections, which will be 7% of the global total.

According to the research firm ABI Research, 5G network deployment is expected to take off in the US after 2020. US telecom operators will spend around $104 billion during 2015-25 to upgrade their existing 4G networks to 5G standards and then to implement full installation of 5G wireless services. Consequently, the market for telecommunication engineering jobs will skyrocket, as operators will have tremendous need for specialized engineering talent to make the change.

IoT connects up

According to a recent report by research firm International Data Corporation (IDC), spending on IoT in the U.S. alone is projected to grow at a 16.1% CAGR between 2015 and 2019 to reach nearly $357 billion.

Demand for engineers with expertise in networking will thus climb sharply, as next-generation superfast wireless networks (4G LTE, LTE-A, upcoming 5G) will provide the primary impetus to the telecom industry.

Read More: https://www.fieldengineer.com/blogs/rapid-us-telecoms-growth-drives-demand-engineers