Video conferencing software has become the norm over the past year or so, whether it’s being used for telemedicine or between office coworkers.
Because of this melding of home and work life, companies are improving their offerings in order to better accommodate those who may be working remotely. For instance, UK internet company BT committed to connecting 20 million households and businesses with fibre internet during this decade.
This is just one example of how technology is going to continue altering the future of work, and how it already has in recent years.
According to a report from GlobalData on the telecommunications sector, the global total of fixed wireless access (FWA) for business and residential accounts was 32.4 million last year, and the firm anticipates that the number of accounts will stabilize to a compound annual growth rate (CAGR) of 7.5% during 2021 to 2025.
Because there is growing demand for a hybrid work model, this means companies will need to heavily rely on collaborative platforms to complete their tasks.
“The COVID-19 pandemic has given way to this rise in appreciation for fast, reliable and strong home broadband as the world continued to operate from home under lockdown conditions,” said Madison Galati, telecoms market data & intelligence analyst at GlobalData. “Furthermore, with employees’ preference for a hybrid/remote working environment post-pandemic, this demand for faster, stronger and more reliable home broadband will continue and present further monetization opportunities for telcos.”