Telecom Regulation Market Research Reports, Analysis & Trends
Telecom regulation is the set of rules and systems set by the regulatory body or authority on telecom companies that are needed to follow in order to maintain smooth flow and functionality without much hassle. Regulatory bodies consist of government personnel that allow telecom companies to establish and operate within certain set of guidelines and spectrum. Standardization helps companies operate in interoperability and helps companies to function better by adhering to the instructions. There have been an increasing number of new entrants in the telecom sector in the last few decades with the advent in technology. The advanced technology in telecom has opened up many avenues for entrepreneurs to establish a new brand with their own spectrum. Regulation in telecom allows fair and free competition among many companies in the telecom industry.
From providing basic user rights in making use of the telecommunication to improving internal functionality of the industry; regulation in telecom has evolved significantly. The aim for any telecom company is to achieve the highest sustainable economic growth, employment, financial stability and contribution to develop economy. The key aspects of telecom market and regulatory developments such as the status of interconnection, local loop unbundling, number portability and carrier pre-selection are the necessary measures for companies to follow in order to keep up with changing demands and advancements in technology.
European telecom rules seek to support every area of activity of telecom industry. The biggest beneficiaries of telecom regulations are the consumers. As the telecom, mobile and internet services are gaining an increased demand, the regulatory framework allows and encourages competition in electronic communication market. There have been numerous regulations and frameworks made in the telecom industry, such as regulation on body of European regulation for electronic communication, regulation on roaming on public mobile communication networks, universal service directive and citizens rights directive.
Telecom Regulation Trends
With a significant reform in the current systems of regulations governing telecommunications in Europe, the projected GDP growth could be up to the tune of €750 billion and 5.5 million jobs by 2020, according to The Boston Consulting Group (BCG) for the European Telecommunications Network Operators’ Association (ETNO). The reformed regulatory frameworks can safeguard competition as well as incentivise the investments in advanced next-generation access networks to make complete utilization of digital medium. The digital agenda is for the maximum and wider reach of digital medium and large subscription base from various demographics.
Although Europe has fallen behind in ultrafast mobile and internet connectivity, Asian and North American region has enjoyed fiber optics access which is up to 20 times faster and the penetration of LTE which is almost 35 times more efficient. The reguations and frameworks cover fixed and wireless telecom, internet, broadcasting and transmission services. The regulations are simple and are designed to be technology neutral and be sufficiently flexible to deal with fast changing market environments.
Major Telecom Regulatory Bodies
Major regulatory bodies for telecommunication industry are TRAI, BNA, ACMA, TRA, FCC and OFCOM.