What is Telecom Equipment Market?
The boom in the smartphone industry and the accessibility of smartphones are expected to enlarge the telecommunications equipment market. More and more companies are investing capital in data hardware such as cell towers, satellite communications, and broadband spectrum. All of these factors have resulted in increased sales of telecommunications equipment such as micro-receivers, telephones, and ethernet cables. The Global Telecom Equipment Market Report offers a holistic assessment of the market. The report offers a comprehensive analysis of the key segments, trends, drivers, restraints, competitive conditions, and factors that play a vital role in the market. Telecommunication devices consist of hardware that is used in a communication system, such as Wireless packet cores, carrier IP telephony, cellular access network (ran), broadband access and home network, routers and carrier Ethernet switches, optical transport, etc. The telecommunications industry has seen tremendous technological advances in recent decades due to the increasing capability and reach of broadband, mobility, and internet services around the world. The proliferation of the Internet and the increasing adoption of smartphones are the main factors contributing to the growth of the global telecommunications equipment market.
Highlights from Telecom Equipment Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Huawei Technologies Co. Ltd (China), Ciena (United States), Nokia (Finland), ZTE Corporation (China), Cisco Systems, Inc. (United States), Fujitsu Ltd (Japan), Telefonaktiebolaget LM Ericsson. (Sweden), Qualcomm Technologies, Inc. (United States), Samsung Group (South Korea), Juniper Networks, Inc. (United States), CommScope Holding Co., Inc. (United States), Extreme Networks, Inc. (United States), Ribbon Communications Operating Company, Inc. (United States) and NEC Corporation (Japan) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Telecom Equipment market throughout the forecasted period.
Huawei Technologies Co. Ltd (China), Ciena (United States), Nokia (Finland), ZTE Corporation (China), Cisco Systems, Inc. (United States), Fujitsu Ltd (Japan), Telefonaktiebolaget LM Ericsson. (Sweden), Qualcomm Technologies, Inc. (United States), Samsung Group (South Korea), Juniper Networks, Inc. (United States), CommScope Holding Co., Inc. (United States), Extreme Networks, Inc. (United States), Ribbon Communications Operating Company, Inc. (United States) and NEC Corporation (Japan) are some of the key players profiled in the study. Telecom Equipment Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Consumer Electronics, Banking, Retail, Media, Defense, Government and Others |
Type | Network Communication Equipment, Mobile Communication Device and Optical Communication Equipment |
Infrastructure | Wireless Infrastructure,Wired Infrastructure |
Component | Software,Services [Professional Services (Consulting Services, Installation and Implementation Services, Maintenance Services and other Support Services), Managed Services] |
On the basis of geography, the market of Telecom Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Need For Next Generation Ready Network Equipment for 5G Network and The Growing Penetration of the Internet around the World
Market Growth Drivers:
Challenges:
The High Operating and Maintenance Cost of Telecom Equipment
Restraints:
High Cost of New Product Development
Opportunities:
More Companies Are Investing Capital in Data Hardware Such As Cell Towers, Satellite Communication, and Broadband Spectrum and Rising Digital Transformation
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Telecom Equipment, Suppliers and Distributors of Telecom Equipment, Venture Capitalists and Private Equity Firms and End-Use Industry
Market Leaders & Development Strategies
In June 2019, Extreme Networks, Inc. acquired Aerohive Networks, a pioneer in cloud-managed networking. Under the terms of the agreement, Extreme will acquire all of Aerohive's outstanding common stock at a price of USD 4.45 per share in cash for a total purchase price of USD 272 million.
In February 2020, Huawei Technologies Co., Ltd. had launched the Smart 8T8R solution. The solution thereby includes software-defined antennas (SDA), FDD dual-band 8T8R RRUs as well as innovative algorithms. It supports on-demand multi-sector deployments in 2G, 3G, and 4G networks based on the software configuration that helps simplify development to 5G. and In March 2020, Nokia added new solutions and innovations to its fiber access portfolio to help service providers smoothly deliver a gigabit experience to everyone.