According to TechSci Research report, “Telecom Equipment Market- Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026”, the global Telecom Equipment is expected to grow at steady rate during the forecast period. Rise in demand for IoT devices for better consumer experience and emergence of advanced technologies is driving the growth of the global telecom equipment market. Rise in the smartphone devices is compelling manufacturers and telecom service providers to invest in the hardware telecom equipment for instance cell towers, broadband spectrum and mobile devices, cables etc. Also, surge in demand for internet-based applications and development of next generation technology equipment is also expected to fuel the global telecom equipment market. Digitization process across many industry verticals to ensure smooth operations and enhance connectivity to provide platform for business opportunities is providing opportunity for the growth of the telecom equipment market.
However, strict government regulations for implementation of new technologies and higher maintenance cost are creating hindrance in the telecom equipment market growth.
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Global telecom equipment market is segregated into based on infrastructure, product type, offering, end user and region. Based on product, market is divided into public switching equipment, transmission equipment and customer premises equipment. Public switching is expected to dominate the market due to their ability to sent information after establishment of the connection. Based on product offerings market can be further divided into broadband access and core network. Broadband access is expected to dominate the global telecom equipment market due to the emerging trend of online gaming, video and voice conference calls and other high data consumption applications.
In terms of region, Asia pacific is dominating the global telecom equipment market. Presence of developing regions coupled with higher penetration of internet and increasing number of internet service consumers resulting in increase in internet service providers is fueling the telecom equipment market growth. High disposable income and rise in the living standards of consumers is influencing the market growth of the global telecom equipment. Also, North America and Europe is expected witness significant growth in telecom equipment during the forecast period owing to presence of key players in the region and huge investments in the telecommunication and defense segments.
Huawei Technologies Co Ltd, Cisco Systems Inc, Fujitsu Ltd, NEC Corporation, Nokia Corporation, ZTE Corporation, Qualcomm Technologies, Inc., Samsung Group, Ericsson Inc., Jupiter Networks, Inc., and others are some of the leading players operating in global telecom equipment market. Companies operating in the market are using strategies such as joint ventures, product launches, mergers, and research collaborations to boost their share and increase their geographic reach.
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“Global Telecom Equipment is expected to witness significant growth during the forecast period owing to integration of advanced technology for instance augmented reality and virtual reality with existing technology and expected roll-out for 5G technology will fuel the telecom equipment market worldwide” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Telecom Equipment Market- Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026 Segmented By Infrastructure (Wireless, Wired Infrastructure), By Product Type (Public Switching Equipment, Transmission Equipment, Customer Premises Equipment), By Offering (Products, Software, Services), By End User (IT & Telecommunication, Consumer Electronics, BFSI, Retail, Media, Defense, and Others), By Region”, has evaluated the future growth potential of Global Telecom Equipment and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Telecom Equipment.
