Emerging Industry Overview: Telephony
Industry Snapshot
Telephony--the science of converting voices and other sounds into electrical signals that can be transmitted by wire, fiber, or radio and reconverted to audible sound upon receipt--has been evolving at an astonishing rate, finding more and more ways to connect people more quickly and clearly. Bound primarily to the mammoth telecommunications industry, telephony was carried along for the whirlwind ride that industry experienced after deregulation, as mergers, acquisitions, and start-ups combined with an avalanche of technological innovation to produce a tempestuous market. In the arly 2000s, the industry was inundated with talk of convergence,...