Jakarta, Indonesia - After selling of its towers on 2014, XL Axiata, now a sister company of Axis Capital Group, is being criticized as one of the top telecommunication operators in the archipelago. The company is continuously showcasing its strength despite going through the headlines and numerous controversies.
In the midst of this, there is still a great market for telecommunication, a phenomenon which would eventually last for decades. The interaction between market demand and highly advanced supply are the factors which make telecommunication on of the most important component of social, cultural and political activity nowadays. Telecommunications is not only for the chosen few and is no longer considered a luxury. It is a necessity.
Speaking of demand, growth is pulled by an increasing dependence on telecommunications and information technology in every human life – in all sectors and social activity, in government and in the provision of public service. Moreover, in terms of social networking, many individuals, especially the youth nowadays, have been greatly involved in telecommunications. Reliance in this system is far-fetched and the data stored in the clouds holds countless important data and confidential information. Some, if disclosed or get scammed, can affect a whole nation and spark a war and conflict between regions. This is how far advanced telecommunication has been in the industry.
On the other hand, the push of supply has resulted from technological developments which continuously improve the efficiency of existing products, systems and services. As the demand gets higher, the challenge to innovate a product which can answer to man’s unending needs become fiercer and telecommunication companies create newer and more advanced services which are being followed through by consumers. New systems which promise a more secure protection for your data, a deeper review of information and a wider scope of network have developed through the years. Particularly noteworthy is the convergence of telecommunication, information, broadcasting and publishing technologies, which has greatly enriched the communication choices available to consumers.
The effect of the fundamental forces driving demand and supply has been amplified by the worldwide trend to liberalize markets for telecommunication and information technology goods and services. As a result of this trend, the majority of telecommunication networks are now privately owned and operated. Significant developments have also taken place to introduce competition at the national, regional and international levels.
As the world is continuously evolving, competition will get fiercer, challenges bigger, demands harder and supply more complicated. We can expect more of it in the near future.