A recent Persistence Market Research suggests that the increasing mobile subscription density can be attributed to the introduction of affordable smartphone handsets in the market. The availability of offers has spurred stringent competition in the market which has further helped the smartphone market penetration. With the smartphone market witnessing exponential growth, the mobile subscriber density is rising.
Further, governments around the world are encouraging the inclusion of rural and underdeveloped regions into the extensive mobile network. With the initiatives, the authorities aim to improve the economy in the rural areas. Broadband and wireless connectivity in rural regions have been known to create jobs, increase income, and lower unemployment rates by connecting the area to the world and opening a gateway to a multitude of opportunities. Due to these factors, there has been a significant rise in the number of mobile devices and connections added to the network which has further bolstered the growth of the telecom tower market.
Infrastructure Sharing to Bolster Market Growth
The Persistence Market Research study opines that infrastructure sharing will play a crucial role in the growth of the telecom tower market. Numerous telecom companies are heavily investing in shared infrastructure deals in recent times. The pervasive trend has triggered stringent competition in the market with the shared infrastructure providing the necessary means for new entrants to launch their services at comparatively lower costs. Other benefits of mobile infrastructure sharing include cost reduction and faster data rollout. The factors have helped telecom operators gain a wider reach in the market at lower costs and promoted the construction of shared mobile infrastructure.
Technological Advancements Paving Way for New Opportunities
Increasing consumer reliance on cloud-based services has prompted the strengthening of wireless mobile infrastructure. Moreover, emergence of new technologies has helped in the utilization of mobile towers in an array of applications such as video surveillance, flood lighting, crime prevention, and for the purpose of mounting metrological equipment. In addition to these factors, introduction of 4G services to cater to the growing demand for faster internet services has been a major reason that has fuelled investments in the telecom tower market. Further, telecom companies are planning to replace the 4G technology with an advanced 5G cellular network protocol. In meet the technological demands for the 5G network, telecom operators are planning to heavily invest in the mobile network infrastructure. These factors coupled with the growing prevalence of IoT in multiple industries and other applications are estimated to play a key role in the growth of the telecom tower market.
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Increasing Awareness about Health Concerns Associated with Radiation Emission to Hamper Market Growth
Radiations emitted from mobile towers have been linked to a plethora of health problems. The waves emitted from the mobile towers are suspected to interfere with the human body’s electromagnetic force to give rise to health problems such as fatigue, insomnia, headaches, birth defects, memory loss, and cancer. In addition to this, the mobile towers and their power generators are found to contribute to noise pollution. Owing to these factors, regulatory authorities around the world have imposed restrictions on the construction of mobile towers in high-density population areas. Moreover, growing environmental concerns have prompted governments around the world to frame stringent regulations in order to reduce the carbon footprint of mobile towers. A combination of these factors is estimated to slow down the telecom tower market growth.