"Smart Strategies, Giving Speed to your Growth Trajectory"

Telecom Equipment Market Size, Share & Industry Analysis, By Component (Hardware, Software), By Infrastructure (Wired, Wireless), By Technology (2G and 3G, 4G LTE, 5G), By Industry (BFSI, IT and Telecommunication, Retail, Media and Entertainment, Military and Defense , Healthcare, Consumer Electronics, Others) And Regional Forecast 2020-2027

Region : Global | Report ID: FBI104812 | Status : Ongoing

 

KEY MARKET INSIGHTS

The telecom industry is experiencing unpreceded growth with the rapid digitization across each sector. Digitalization has promoted advanced communication infrastructure and devices. Thus, the rapid digitization across the sectors has become the key factor to drive the telecom equipment market growth. Globally, the number of mobile users continues to increase each day. According to the 'The Mobile Economy Asia-Pacific – 2020 Report', published by the GSM Association, 663 Million new peoples would start using a mobile phone by 2025. Thus, the rapidly growing number of mobile phone users would become a significant factor in market growth. Advancements in wireless communication infrastructure have uplifted the demand for advanced telecom equipment such as mobile radio access network (ran), microwave transmission, IP telephony, optical transport, mobile backhaul, carrier Ethernet switches, routers, and wireless packet cores. Thus, the penetration of wireless network infrastructure would be anticipated to drive the telecom equipment market growth. Constant advancements in smartphone and communication technology are again accelerating the ever-growing demand for wireless telecom equipment. Mobile device adoption has coupled with high-speed internet connectivity to support the trend of enterprise mobility or bring your own device (BYOD) among workplaces. The ever-growing demand for BYOD in modern workplaces is boosting the market growth. This market growth has further supported cellular stations' evolution and the need for next-generation network equipment for 5G technology. Wireless communication-based applications such as the internet of things, robotics, and connected devices would likely strengthen the need for high-bandwidth communication infrastructure. Thus, the rising demand for high-bandwidth communication network would bolster the telecom equipment market growth in the coming years.   


Key Market Driver -

• A growing number of mobile users to drive the market growth • Rising proliferation of the internet of things, smart infrastructure, connected devices to accelerate the market growth • Increasing demand for 5G technology to expedite the telecom equipment’s adoption

Key Market Restraint -

• High manufacturing and installation cost is hampering the market growth


Key Players Covered:


The competition in the global telecom equipment market is intense. Key players are taking active measures to deliver a diversified product portfolio to meet the best of telecom customers' needs. Most vendors invest their efforts into the research and development activities to develop a featured product line. New product launches and enhancements in the existing product portfolio help vendors to uplift their market position. In February 2020, Perle Systems launched a series of IRG5000 LTE routers designed to solve the moving assets' connectivity issues. These IRG5000 LTE routers have been built specifically for vehicle area networks (VANs). Apart from this, vendors are also adopting ultimate business strategies such as partnerships, collaborations, mergers, and acquisitions for sustaining their competitiveness and business value in the global marketplace.


Prominent companies in the global market include Huawei Technologies Co. Ltd, Nokia Corporation, Telefonaktiebolaget LM Ericsson, ZTE Corporation, Barcodes, Inc., Ciena Corporation, Samsung Electronics Co, Fujitsu Limited, Juniper Networks, Inc., FiberHome Technologies, Carritech Limited, Qualcomm Technologies, Inc, CommScope Holding Company, Inc, Extreme Networks, Inc., Ribbon Communications Operating Company, Inc., NEC Corporation, Pulse Supply., ECI Telecom Ltd., Promwad, Perle, and among others.


Regional Analysis:


North America is likely to hold the maximum share globally due to the rapidly growing wireless telecom network. The presence of prominent market players across North America is the key factor to drive market growth across the region. The rapidly maturing advanced telecom networking technologies further accelerating the adoption of telecom equipment. The increasing trend of remote working and enterprise mobility drives the demand for a robust, reliable, and high-speed communication infrastructure. The ever-increasing need for high-speed telecommunication network boosting the telecom equipment demand across North America. The ever-increasing demand for IoT-based, smart applications further bolters the telecom equipment market growth across the region. The proliferation of wireless communication has escalated the demand for advanced wireless telecom equipment and network infrastructure.


Europe is expected to showcase significant adoption of telecom equipment with the developing mobile telecommunication industry. Many companies are planning to establish their presence across European countries, which is crucial in driving market growth across Europe. Substantial investments in advanced networking technologies such as 5G, LTE, and VoLTE further augment the market demand. Smart infrastructure and IoT based application developments are also likely to strengthen the telecom equipment's demand across Europe. 


Asia-Pacific would be likely to exhibit substantial growth in the telecom equipment market due to the significant ongoing internet infratsructure developments. The countries like India, Japan, and China show considerable demand for advanced communication technologies such as 5G, LTE, or VoLTE. 5G technology will create opportunities and demand across Asia-Pacific through the platforms such as robotics, the Internet of Things (IoT), and virtual reality (VR). Apart from this, leading market players have started expanding their production and manufacturing facilities across the region. For instance, in December 2020, Nokia Corporation has begun producing next-generation 5G telecom equipment across India. Thus, the factors would be together likely to flourish the market growth across Asian countries. Rapid industrialization and urbanization are further likely to drive the market growth across Asia-Pacific.


To gain extensive insights into the market, Request for Customization

 


Segmentation






























 ATTRIBUTE


  DETAILS

By Component


 




  • Hardware

    • Network Hardware

    • VoIP telephony and IP intercom Hardware

    • Servers and Storage Hardware

    • Cable Products and Components

    • IT Infrastructure

    • Automation and Monitoring Hardware

    • Others (TV equipment, Power Supply, Mounting Tools, Etc.)



  • Software

    • Monitoring Software

    • Security Software (CCTV)

    • Contact Center Software

    • Others (Operating System, Etc.)





By Infrastructure




  • Wired

  • Wireless



By Technology




  • 2G and 3G

  • 4G LTE

  • 5G



By Industry




  • BFSI

  • IT and Telecommunication

  • Retail

  • Media and Entertainment

  • Military and Defense 

  • Healthcare

  • Consumer Electronics

  • Others



By Geography




  • North America (the United States, Canada, and Mexico)

  • South America (Brazil, Argentina, and Rest of South America)

  • Europe (the U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)



Key Industry Developments



  • December 2020: Sterlite Technologies Limited launched an intelligently bonded celesta ribbon optical fiber cable during the FTTH Europe virtual conference. The company has designed this celesta optical fiber cable to speed up the network roll-out process and to address the need for deep fiberisation.

  • May 2020: Telco Systems introduced a new series of high speed and multiservice business routers named ‘T-Marc R3305’ and integrated access devices. T-Marc R3305 is a low-cost telecom router that offers a wide range of LAN, WAN, and VoIP connectivity options. The solution is highly demandable across the United States and Europe due to its advantageous features.


Telecom Equipment Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Sony
Fujitsu
Dell
Hitachi
Softbank

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X