Published on 26 Apr 2024 on Insider Monkey via Yahoo Finance
20 Richest Billionaires in Telecommunications
In this article, we will look into the 20 richest billionaires in telecommunications. If you want to skip our detailed analysis of the telecommunications market, you can go directly to the 5 Richest Billionaires in Telecommunications.
Telecom Industry: Rising Market Trends and Startups
The global telecommunication market saw a growing trend of adoption of technologies such as AI, 5G, and IoT, among others in 2023. A report by Deloitte highlights the key trends in the telecommunication industry for 2024. It states that cloud services providers are assessing and experimenting with generative AI. The implementation of AI in the field can revolutionize customer care and network performance operations. In 2024, customers in the US will have double the number of options for broadband connectivity than previously available, increasing the competition among telecommunication services providers. Another factor that will lead to high competition among the companies in the telecom market, and against other industries, is the need for a skilled workforce to execute generative AI strategies.