Drones present $1.5bn opportunity for GCC telecom operators
Oil & Gas and utilities sectors are projected to see widest adoption of drones
In a recent report released by Strategy& that explored the growth of the drone market in the GCC, the market intelligence firm projects that the market will reach $1.5bn by 2022 and presents an opportunity for telecom operators.
Jad Hajj, partner with Strategy& Middle East, said: "Telecom operators can leverage their existing capabilities and resources to offer advanced drone solutions to other sectors. For example, with their extensive tower networks, they are able to provide constant connectivity which is crucial for data transfer.
"They have access to advanced cloud technologies which can be used for data storage, and are equipped with world-class data processing systems to analyse information collected by the drones. As the drone industry grows, it is an obvious choice for telecom operators to seize this opportunity, given its potential."
Strategy&'s report Telecom operators in the age of drones: Preparing for the new era also explored the adoption of drones by industry. The market intelligence firm noted that the widest adoption of drones by 2022 would be by the oil & gas and utilities sectors, which holds 43 and 32% of the drones solution market size, respectively. They are closely followed by the mining and public safety sectors.
Commenting on the drone market, Michał Mazur, partner with PwC Poland and leader of ‘Drone Powered Solutions', shared: "Telecom operators need a tailored strategy and a clear implementation roadmap to turn this opportunity into a success.
"This includes regularly engaging with regulators to understand requirements and obtain necessary permissions, analysing the size and potential of the drone industry and what it can really offer, identifying an optimal operating model, and finally enhancing internal capabilities and technical expertise to run the drone services.
"By doing so, telecom operators will be well positioned to capitalise on the unique opportunities presented by the promising drones industry."