NAICS Code 517 - Telecommunications

NAICS 517 - Telecommunications

NAICS 51 - Information
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 517 - Telecommunications
  NAICS 511 - Publishing Industries (except Internet) NAICS 512 - Motion Picture and Sound Recording Industries NAICS 515 - Broadcasting (except Internet) NAICS 516 - Internet Publishing and Broadcasting NAICS 517 - Telecommunications NAICS 518 - Internet Service Providers, Web Search Portals, and Data Processing Services NAICS 519 - Other Information Services NAICS 513 - Broadcasting and Telecommunications NAICS 514 - Information Services and Data Processing Services

Industries in the Telecommunications subsector include establishments providing telecommunications and the services related to that activity. The Telecommunications subsector is primarily engaged in operating, maintaining, and/or providing access to facilities for the transmission of voice, data, text, sound, and video. A transmission facility may be based on a single technology or a combination of technologies. Establishments primarily engaged as independent contractors in the maintenance and installation of broadcasting and telecommunications systems are classified in Sector 23, Construction.

Industry trends:

The Telecommunications industry, classified under NAICS 517, is undergoing significant transformations driven by technological advancements and changing consumer expectations. One of the prevailing qualitative trends is the widespread rollout of 5G technology. This new generation of wireless technology promises faster data speeds, reduced latency, and the ability to connect a multitude of devices simultaneously, enhancing user experience and enabling new services such as advanced IoT applications and immersive media experiences.

Additionally, the industry is witnessing a shift towards virtualization and cloud-based solutions. Telecommunications companies are increasingly adopting software-defined networking (SDN) and network functions virtualization (NFV) to streamline operations, reduce costs, and improve service flexibility. This trend is expected to continue as operators seek to innovate and differentiate their service offerings.

In terms of consumer behavior, there is a growing demand for seamless digital experiences, driving telecom operators to invest in customer-centric services and flexible pricing models. User data privacy and security are becoming pivotal focus areas, with companies having to comply with stricter regulations while addressing consumer concerns.

Looking ahead, the Telecommunications industry is expected to witness further consolidation as companies strive for economies of scale to better compete in an increasingly competitive market. Additionally, the integration of AI and machine learning in network management and customer service is anticipated to enhance operational efficiency and provide personalized user experiences. As the landscape continues to evolve, companies that prioritize innovation and customer satisfaction are likely to emerge as industry leaders.