Telecom Infrastructure Equipment Market:
The global telecom infrastructure equipment market was worth $383.86 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7.07% and reach $504.56 billion by 2023.
The telecom infrastructure equipment market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America, Middle East and Africa. In 2019, Asia-Pacific was the largest region in the telecom infrastructure equipment market.
The telecom infrastructure equipment market consists of sales of telecom infrastructure equipment and related services for the purpose of telecommunication across the globe. Telecom infrastructure equipment businesses produce wired telephone and data communications hardware. This market deals with equipment such as PBX, central office switching hardware, LAN modems, multi-user modems, and other data communications hardware such as bridges, routers, and gateways.
Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5247122-telecom-infrastructure-equipment-global-market-report-2020-30
The telecom infrastructure equipment market covered in this report is segmented by product type into switching equipment, bridges, gateways and routers, others. It is also segmented by infrastructure into a wireless, wired infrastructure.
Strict government regulations is limiting the telecom infrastructure equipment market’s growth. For example, the advent of 5G which everyone is anticipating is subject to delay because of the government’s regulations. Similarly, Trump administration has banned the service of Huawei with American companies as it foresees threats from the Chinese counterpart. In India, the roll of 5G technology will be delayed considering the spectrum auction process, data privacy issues and India-China border infiltration issues. The strict regulations imposed by the government will thereby restrict the growth of the market.
LTE networks provide the best ways for enhanced security of different business applications. These networks are making trends because they are economical, have low deployment cost and increased operational efficiency. The demand for growth in the private LTE network sector is witnessed because of the increased adoption of isolated systems. Statistics reveal that CAGR estimated for private LTE networks is 12.63% during the forecast period 2019-2014.
In November 2019, Ribbons Communication Inc., Nasdaq-listed software company acquired ECI Telecom Ltd. for $324 million in cash and $32.5 million shares of Ribbon’s common stock, worth $130 million. Through this acquisition, it will extend Ribbon’s reach into the networking market and propel into the global 5G market. ECI Telecom Ltd. is an Israel-based telecommunications equipment supplier.
The increase in the popularity of IoT devices among the populace has led to a rise in demand for telecommunications infrastructure equipment. IoT is becoming popular as a greater number of people are using smart devices and are mostly working on their errands, office work, communication, sending/receiving messages using smart devices thus overwriting the traditional way. Telecom equipment manufacturers such as Cisco are already investing in the IoT industry to cater to the growing demand. According to a survey in 2018, the global IoT market is forecasted to grow to $212 billion in size by the end of 2019 and by 2025 it is forecasted to grow to $1.6 trillion. This rising adoption of IoT technologies is expected to drive the demand for telecom equipment globally.
Major players in the telecom infrastructure equipment market are Huawei, Cisco Systems, Fujitsu, NEC Corporation, Nokia, Ericsson, Qualcomm, ZTE, Corning, Motorola solutions.
For further information on this report, visit – https://www.wiseguyreports.com/reports/5247122-telecom-infrastructure-equipment-global-market-report-2020-30
NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349