Market Challenges And Opportunities

In any case, harmful radio waves causing harm to the human brain are supposed to restrict development of the Global Telecom Towers Market over the estimate period. For example, a National Center for Biotechnology Information report says that using phones too much increases the risk of brain tumors. In addition, over the forecast period, the Global Telecom Towers Market is anticipated to experience growth restrained by stringent regulations regarding the installation of telecom towers. The public authority of India doesn't permit the establishment of telecom towers inside the premises of schools and clinics as youngsters and patients might be more powerless to electromagnetic radiation. Additionally, it is forbidden to install base station antennas in narrow lanes in order to lessen the risk of an earthquake or other wind-related disaster.

Global Telecom Towers Market- Impact of Coronavirus (Covid-19) Pandemic

With the flare-up of Coronavirus, the telecom business has seen a huge expansion popular for internet providers because of a significant piece of the populace remaining at home and in remote working circumstances. The expansion in individuals telecommuting has prompted an expansion popular for downloading, online video surveys, and correspondence through video conferencing, which are all prompting expanded network traffic and information use. The guidelines that were published on March 24, 2020, by the Ministry of Home Affairs (MHA), stated that "telecommunications, internet services, broadcasting and cable services, IT and IT-enabled services (ITeS) only (for essential services)" are the essential services and are exempt from the lockdown, the government also acknowledged the significance of having a robust telecommunications network during this lockdown. The MHA notification from April 15, 2020 (which extended the lockdown until May 3, 2020) and the MHA notification from May 1, 2020 (which extended the lockdown for an additional two weeks) also included this exemption.Global Telecom Towers Market– Drivers

Exponentially Proliferating Mobile Subscribers and Internet User-Base across the Globe

The advent of technological evolution, such as the evolution of 2G to 3G and 3G to 4G, and LTE services are fueling the growth of more mobile subscribers. Moreover, the introduction of 5G services is leading to increasing internet users and the requirement for high data links. This in turn is creating the demand for telecom towers across rural, urban, and highways. For instance, according to GSM Association’s 2030 global estimates, 55% of the users are connected to the internet across the globe in 2022 which will increase to 5.0 Billion connections by 2030. This means there shall be a surge in the active users of communication devices over the forecast time. The need for telecom towers is a certainty in the near future due to the expected demand surge over the future period of time.

Necessity to Enable and Provide Seamless Communication Facility Across Rural, Urban, and Highways

The rural population of India is remarkably opting for voice telecom services. The demand for digital skill education programs in rural schools connects schools to broadband to promote a better learning environment and strengthen e-government services across each part of the country. This is increasing demand for new telecom towers in rural and remote areas. According to the Department of Telecommunications, 647.21 Million subscribers of telephones were from the Urban Areas whereas 519.63 Million subscribers of telephones were from the Rural Areas. There is a huge scope in both urban and rural areas for companies offering Telecom Services in order to bridge the communication gaps faced across these regions.

Global Telecom Towers Market – Restraints

Environmental Concerns Due To Telecom Towers’ Power Supply Systems

To provide uninterrupted telecom services, telecom towers need to function 24*7. However, owing to unreliable grid electricity in urban areas and no electricity in a few remote and rural areas, the need for an alternative power supply for the tower’s functioning is increasing. Furthermore, tower providers are compelled to rely on a backup source of power in the form of diesel generators as the sole primary source in off-grid areas with no electricity supply. As per TRAI estimates, telecom towers consume over 2 billion liters of diesel per year, which costs up to 40% to 50% of the total operational cost of the tower. Moreover, prolonged usage of diesel power supply at least for a year, adds more than 5 million tons of CO2 emissions into the atmosphere, CO2 emissions are the leading cause of global warming. This is expected to negatively impact the telecom tower growth and thus, restrain the global Global Telecom Towers Market growth.

High Cost of Installation

The installation and maintenance of telecom towers in the market are very expensive. Such significant expense is becoming one of the significant limitations of development in the telecom tower market. The cost of installing telecom towers has increased as a result of the imposition of authorization fees. The maintenance as well as repair charges for Telecom Towers is also a huge expense that is borne by the company and the Govt. In addition, the monthly lease costs associated with the installation of the telecom towers range from hundreds to thousands of dollars.

Global Telecom Towers Market– Opportunity

Infrastructure Requirements and Network Upgrades

Internet and mobile subscribers are switching from voice services to data services, wherein end-users are opting for on-demand content such as subscription-based streaming services, PayTV, online movie portals, and cloud data services. This has resulted in huge data increments, and as per CMI estimates, 175 Zettabytes of data are expected to be created by 2025. Proliferating data and high-speed data links have led to issues of network congestion. Heavy data traffic and network congestion issues are expected to become even more critical in the near future. In order to mitigate such issues, telecom companies are required to provide more innovative solutions and deploy new towers across the global market place.

Provide Innovative Solutions

Conventional telecom tower networks (macro sites) face issues in communicating telecom signals inside a building which often leads to a loss of network. Similar issues are also faced similar in areas with a high density of offices. This is mainly due to limited bandwidth which is available for a large number of high consumption users. As per government norms such as the Government of India, all new buildings should be capable of providing building emergency services, wherein each corner of the building should have adequate signal coverage. Therefore, to facilitate the required environment with the capability of full network coverage, telecom operators need to modify the existing passive infrastructure. This would create demand for more towers in the near future.