According to TechSci Research report, 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.
“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.
