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Wired Telecommunication Network Services Market is Driven By Growing Demand For Wired Connection From The Broadcasting And Telecommunications Sector

10-04-2019 02:40 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

Wired telecommunication is transmission of different types of data over a fixed line communication system. These carriers provide short and long distance voice calling communication, video and sound transmission, and internet and cable TV service over fixed line communication networks. Wired communication systems are majorly preferred to prevent data loss during data transmission. Service providers are upgrading transmission medium from copper wires to fiber optics to improve the bandwidth time of transmission, and broadband network service. Several companies may own and maintain their own wired network for communication, and share a network system or lease a network from other telecommunication companies. Enterprises prefer point to point fiber optic connection for data transmission and maintain data quality with a secured network. For hot line connection between multiple branches of a company, IT experts prefer wired connection which creates a physical mode of communication. Companies are mostly using fiber optic cable instead of copper wired. The wired telecommunication industry is growing with growth in new business solutions such as Internet Protocol Television (IPTV), and IT services & application.

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The wired telecommunication network services market is driven by growing demand for wired connection from the broadcasting and telecommunications sector coupled with increasing number of broadband and mobile internet connections. Wired telecommunication network services companies are shifting to multi-function network systems which offer additional services to customers such as internet broadband and satellite television connection instead of providing limited services, creating a new service trend in the telecom industry. Service providers are using fiber optic cable for better communication. The government sector and enterprises are expected to adopt wired networks to connect their offices to reduce latency time and improve data quality. This increases the demand for wired telecommunication and also creates revenue opportunities for fiber optic and copper wire suppliers and manufacturers. Major players in this industry are expected to face a challenging business environment from voice over internet protocol (VOIP) service providers. The telecom sector is capital intensive as it requires high upfront investment and large network infrastructure to provide network services on fixed lines. Service providers initially invest more in labor and material to install new networks which are expected to restrain the wired telecommunication network services market growth. Major players are investing in wired and wireless technology to maintain their dominance in the wired telecommunication network services market.

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