Rapidly evolving telecom and information technologies such as cyber security, 5G, fiber internet, artificial intelligence, Internet of Things, smart edge computing and data security are distinguished for the consistent market growth as well as their transformative impact on businesses.

It is an indisputable fact that telecommunication industry is among the industries which are most promising in terms of growth. Recently, both 5G transition and Covid-19 outbreak have given rise to new requirements due to adoption of work from home policies and online education models. As a result of the pandemic, data volumes increased by 75 per cent when compared to the pre-pandemic period. Also, the period between 2007 and 2019 witnessed a considerable increase in the use mobile phones and internet globally. This, in turn, has made robust infrastructure and uninterrupted service availability a real priority for all consumers. This main trend is anticipated to continue in the years to come, as well.

The accumulation of data arising from the developments in existing communication systems has made it necessary to reach, use, store and secure data. As a business creating solutions for the results of its own systems, telecom and IT industry offers services to data centers where the data are kept in addition to catering to the needs of individuals and entities for data security.

Even though pandemic has led to a decline in investment and growth rates of various industries, communication technologies keep gaining ground due to the strategic importance of the industry. While total number of mergers and acquisitions accounted to 49 in Turkey, Technology, Media and Telecommunication turned out to be the leading industry with 33 mergers and acquisitions.

Furthermore, the industry anticipates introduction of new collaborations and investments. Having undergone a significant transformation in response to the increasing demand, telecommunication companies are on the verge of becoming organizations creating technology and developing projects to proactively respond to consumer needs rather than being mere communication service providers.

As telecommunication technologies improve further to enhance accessibility, life will become easier and reach better standards. The industry endeavors to improve existing communication systems and expanding the coverage areas while also focusing on increasing speed and accessibility by means of new technologies and infrastructures.