The world telecommunication market and digital transformation of the economy the Republic of Belarus

Abstract

The purpose of the study was to identify the features of the development of the global telecommunications market, its impact on the digital transformation of the economy of the Republic of Belarus. The subject of the article is the global telecommunications market and its development in China, Belarus. Methods of analysis and synthesis, system approach, generalization, grouping, and comparative analysis were used in the study. The relevance of the research topic is due to the fact that the telecommunications market has the highest growth rates in the modern world economy. The prospects for economic growth of any state depend on the level of its development. Using digital technologies, countries can quickly become leaders in economic development. The subjects of the telecommunications market of goods and services are identified. The features of the modern telecommunications market are identified: an increase in the volume of investment in the market of goods and services of information and communication technologies; the use of mobile technologies as one of the main drivers of the growth of the information and communication technologies market; the creation of platforms that integrate technologies, networks and devices that provide the use of new opportunities; an increase in the degree of concentration and consolidation in the telecommunications market. The features of the Chinese telecommunications market are: the development of individual products and services for customers, the transformation of traditional industries with the help of Internet technologies, a high level of competition and risks, and significant attention to the production of consumer electronics. Huawei's main competitive strategy is diversification. A distinctive feature of Huawei's work in the Belarusian market is its focus on building mainly its own systems and networks, that is, its own infrastructure. The results of the study can be used in the practice of business entities and public administration bodies.