Telecom Equipment Market to grow at a steady rate during the Forecast Period
Emerging trend for video
conferencing and rise in demand for wireless communication system is expected
to drive the global telecom equipment market through 2026
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.
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