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US-based Wavelo was founded by Justin Reilly, a man who started out building technology stacks for top tier US operator Verizon. His own American revolution was to re-engineer the olde worlde class system of the previous century, where telcos dictated imperiously and codify a new constitution in language that talks with people rather than at them.
The telecom industry took some big steps forward in 2022–from 5G crossing the 50% deployment threshold to the much-needed expansion of broadband in rural areas. We’re in a golden era of innovation for telecom, and 2023 will add to the legacy. Looking at where the investments have been made, combined with a little reading of the tea leaves, here are five predictions for telecom’s promising 2023.
Wavelo, a modern, cloud-based platform that simplifies OSS and BSS technology management, has been named a Silver winner in Best New Service as part of the 2022 Best in Biz Awards. Now in its 12th year, Best in Biz Awards saw fierce competition among more than 700 entries from public and private companies across the U.S. and Canada, with judges highlighting winning companies' visionary leadership and innovative strides in the use of new technologies.
It should come as no surprise that the past two years have compelled just about every industry to transform in some way or another, including telecom. And most of this transformation is the result of forced changes in human behavior—whether that’s shopping online instead of in-store, or working from our bedrooms instead of a downtown office.
Global telecoms are racing to answer a $2 trillion dollar question–what will tip the scales for CSPs to help them claim market share in the years ahead? The opportunities are clear. New research shows the global telecom market value reaching close to $3 trillion by 20301. 5G connections will number 2 billion by 2025, with the U.S. and China leading the way2 .This is no secret–over the past decade telecoms have invested billions in developing networks.
Wavelo CEO, Justin Reilly, takes the stage for the Telecoms World Middle East 2022 keynote.