Telecommunications
Mobile network operators (MNOs) need time to maintain precise synchronisation of their network. As adoption of 5G technology increases, so does the need for higher synchronisation and resilience.
Broadcasting
The broadcasting sector needs time to synchronise the two separate feeds that send audio and video feeds to end devices. The broadcast industry has specific standards (SMPTE 2110) for accurate time synchronisation between the audio and video feeds.
Finance
Banks and high-frequency traders execute orders on stocks and futures exchanges in milliseconds, or thousandths of a second, and therefore need accurate time for audit trail purposes and to comply with regulatory requirements (MIFID II).