Communication is the essence of humanity. It leads to revelation and understanding. Every form of media available; this text, your mom’s call, a funny YouTube video, are all trying to establish communication, regardless of which corner of the world one might be residing in. To achieve the form of communication that we have today, the telecommunication sector has gone through a revolutionary change over the decades. What started off as a telegram, has now evolved into video calls of flawless qualities, thus giving true meaning to “bringing the world closer”.When letters were replaced by telegrams, the communication time was shortened from days to hours. And with the advent of telephones, it was of further convenience. The telecom sector was earlier owned by the government, because its growth is essential for the national economy. But it has since been occupied by many private companies as well, which work according to the regulations set up by the government. Currently, this industry can be divided into three major components, telecom equipment, telecom service, and wireless communication.The invention of the Internet has been profound. It has changed the way communication works nowadays. And a giant work-force is constantly dedicated towards the development of the internet, round the clock, to make this service more efficient and powerful. Manufacturers, developers, engineers, are only some of the people that are employed in this giant business of telecommunication, which has surpassed the physical media, and is soaring through wireless technologies. To deliver this service, an enormous number of devices are being manufactured every day, to be able to manifest all the services that are being made available by the advancements in telecommunication technologies.It is no secret that the majority of us are addicted to our phones, and this trend is recognized and utilized by the telecom giants. In any economy, when the supply and demand of an entity increase in relation to each other, many factors come in play depending on the competition that exists in the market. In the case of telecommunication sector, the competition is huge. Several companies are catering to the needs and trends that are popular in the market. While some brands are focused on providing more features for less cost, other brands are focusing on the population that is tech-savvy and brand conscious, and is ready to spend whatever it takes to acquire new technologies. For example, this has led to the availability of cost-effective 4G enabled handsets, that can provide the features of a fast 4G internet connection, but doesn’t necessarily does so in the most aesthetic of ways.Telecom equipment companies like Samsung, Apple, and Huawei are on an all-time growth, encapsulating all the features of a highly functioning wireless network. Internet service is not only limited to the government owned companies, and many local internet service providers are supplying fast and cost-effective internet connection. The benefits of telecommunication are so obvious, that this sector is bound to observe a tremendous growth in the coming years, with the capacity of the development of several new technologies that can replace the ones that we use now.