Global Communication Equipment Market Overview:
Communication Equipment is the devices which aid in process of communication between the individuals. They have been escalated in recent decades to an extent in which society is spoilt with a choice in the way the information is sent and receive. In these days, communications are mainly run by the software. However, hardware still remains relatively important. In various forms, Communication Equipment exists, each with their own operational usage and way. The market of the communication equipment is increasing due to rising in the activity and importance of long-distance communication. While concerns like lack of security may hamper the growing market.
- Growth in the communication sector
- High smartphone penetration
- Rising number of internet users
- Emergence of 5G and 4G/LTE networks have increased the adoption of internet-enabled communication devices
- Growing network security concerns
- Lack of infrastructure facility in some of the region
- Availability of alternative means of communication, such as Instant Messaging (IM) apps like Facebook Messenger and WhatsApp, is also contributing to the sluggish growth of this segment
- High cost associated with the communication equipment and raw material associated with it
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Some of the key players profiled in the report are Apple Inc. (United States), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Lenovo Group Limited (China), Panasonic Corporation (Japan), Xiaomi (China), AT&T Inc. (United States), Google Inc. (United States), Sony Corporation (Japan), OnePlus (China) and Motorola Solutions (United States). Considering Market by Infrastructure, the sub-segment i.e. Wireless will boost the Communication Equipment market. Considering Market by End user, the sub-segment i.e. Consumer Electronics will boost the Communication Equipment market.
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Communication Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Communication Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Device manufacturers, Electronic Component manufacturers, Chipset manufacturers, Storage chipset providers, Network Security providers, Mobile phone distributors, Optical solutions providers, Research firms, Software investors, Software Developers, IT enablers, Vendors, Wireless service providers and Government agencies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.