Telecom infrastructure equipment market comprises of the auction of telecom infrastructure equipment & related services for the purpose of telecommunication across the world. Telecom infrastructure equipment industries produce both wired telephone and data communications hardware. This market analysis deals with various equipment including PBX, LAN modems, multi-user modems, central office switching hardware and other data communications hardware for instance bridges, routers, and gateways.
According to study, “Telecom Infrastructure Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global telecom infrastructure equipment market are Huawei Technologies Co. Ltd (China), ZTE Corporation (China), Ciena (US), Nokia (Finland), Cisco Systems, Inc. (US), Qualcomm Technologies, Inc. (US), Ribbon Communications Operating Company, Inc. (US), Samsung Group (South Korea), Fujitsu Ltd (Japan), Telefonaktiebolaget LM Ericsson. (Sweden), Juniper Networks, Inc. (US), Extreme Networks, Inc. (US), CommScope Holding Co., Inc. (US), and NEC Corporation (Japan).
Based on product type, telecom infrastructure equipment market is segmented as switching equipment, bridges, gateways & routers and others. The switching equipment segment is estimated to exhibit considerable growth rate as they provide switching for a definite area. Once the connection has been made, the information can be sent. Telephone switching generally refers to the switching of voice channels. Based on infrastructure, market is segmented as wired infrastructure and wireless infrastructure. In addition, based on end-user, market is segmented as telecommunications, BFSI, retail, defense, media, consumer electronics and others.
The telecom infrastructure equipment market is driven by growth of cellular stations, followed by increase in need for next-generation-ready network equipment for 5G networks, rapid growth in cellular stations, rise in use of Internet-based applications, growth in technological advancements in Smartphone & communication technology and improved security & integration of advanced features for instance AR and VR (augmented and virtual reality). However, high cost of new product development and strict government regulations may impact the market. Moreover, growth in network demands for applications in Internet-of-Things (IoT) and connected devices are key opportunities for market.
Based on geography, the telecom infrastructure equipment market has been segmented as North America, Eastern Europe, Western Europe, Asia-Pacific, South America, Middle East and Africa. The Asian-Pacific region holds major share in global market owing to increase in investments in network infrastructure in the region. The North-American and European regions are expected to exhibit substantial growth rate due to presence of major players and increase in need for 5G compatible or ready network equipment over the forecast period. It is anticipated that future of the global market will be bright as a result of growth in telecommunication industry and increase in need of telecommunication in applications such as telephony & video conferencing, broadcast & interactive television, facsimile, e-mail, data transmission, instant messaging, distributed collaboration and Internet-based communication during the forecast period. The global telecom infrastructure equipment market was valued at US $383.86 billion in 2019 and it is likely to grow at a CAGR of 7.07% and reach US $504.56 billion by 2023.
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Ankur Gupta, Head Marketing & Communications