Worldwide, our data connectivity and capacity are becoming broader, faster, and more reliable, granting every industry the ability to boost productivity and spark innovation. And while the media highlights the newest frontier technologies, such as high-band 5G and low-earth orbit satellite constellations, the future of connectivity relies heavily on the expansion of existing technology: fiber optic services, low-to mid-band 5G, and other long- and short-range solutions.
Towering is one of the major growth drivers of the telecommunications industry. In fact, the tower industry has gained prominence in the United States and Latin America as a way to provide connectivity solutions to consumers in a flexible, reliable, and secure way.
The U.S. Department of Agriculture invested roughly $85 million in 2015 toward improving internet connectivity throughout rural areas of the United States. According to the “Telecom Towers Market – Growth, Trends and Forecast (2019 – 2024)” report, millions of dollars have been spent on improving broadband connectivity in rural areas, and annual data usage from wireless networks has increased quickly and significantly.
Towering services help boost the economy in these more remote locations by creating jobs, reducing unemployment rates, and funneling in more income. Still, many rural areas around the globe lack access to high-speed internet. With the introduction of technologies like the Internet of Things (IoT) and 5G, the global telecom tower market is projected to increase in demand over the next several years.
Are you looking to expand and improve your connectivity with reliable towering solutions? As a neutral optical fiber wholesale operator, UFINET provides data connectivity and capacity services to operators and system integrators with extensive fiber optic network coverage in 17 countries across North, Central and South America. Our towering solutions include more than 4,200 on-net towers connected for your network. Reach out to us today!