The telecom infrastructure equipment market has shown robust growth, increasing from $86.84 billion in 2023 to $91.31 billion in 2024, with a CAGR of 5.1%. This growth is attributed to expanding mobile networks, rising data traffic, 4G/LTE network emergence, fiber optic deployment, and supportive policies. The market is expected to reach $116.24 billion by 2028, reflecting a CAGR of 6.2%. Growth drivers include 5G rollouts, IoT connectivity, edge computing, network virtualization, and software-defined networking (SDN). Major trends involve cloud-RAN deployments, network automation, satellite communication integration, enhanced backhaul solutions, and innovation collaborations.
Major Driver In The Telecom Infrastructure Equipment Market
The rise in the popularity of Internet of Things (IoT) devices among the populace is driving an increased demand for telecommunications infrastructure equipment. The widespread adoption of smart devices and the shift towards using them for daily tasks, office work, and communication contribute to the growing demand for telecommunications infrastructure. Telecom equipment manufacturers, such as Cisco, are investing in the IoT industry to meet this rising demand. A survey indicates that the global IoT market grew to $212 billion by the end of 2019, with a forecasted growth to $1.6 trillion by 2025. This surge in IoT technology adoption is expected to drive the demand for telecom equipment globally, shaping its trajectory in 2023, 2024, and 2028.
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Telecom Infrastructure Equipment Market Competitive Landscape
Huawei Technologies Co. Ltd., China Telecommunications Corporation, Cisco Systems Inc., Qualcomm Incorporated, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, ZTE Corporation, Corning Incorporated, Motorola Solutions Inc., Juniper Networks Inc., ARRIS International plc, Ciena Corporation, ALE International SAS, Accton Technology Corporation, Nortel Networks Corporation, ECI Telecom Ltd., Alpha Networks Inc., Tellabs Inc., EXFO Inc., Calix Inc., Ribbon Communications Inc., HFCL Infotel Ltd., Adtran Inc., Casa Systems Inc., GTL Infrastructure Limited, Alvarion Ltd., NELCO Limited, Native Networks Ltd.
Key Telecom Infrastructure Equipment Market Trend
LTE networks provide the best ways for enhanced security of different business applications. These networks are making trends because they are economical, have low deployment cost and increased operational efficiency. The demand for growth in the private LTE network sector is witnessed because of the increased adoption of isolated systems. Statistics reveal that CAGR estimated for private LTE networks is 12.63% during the forecast period 2019-2024.
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Telecom Infrastructure Equipment Market Segmentation
The telecom infrastructure equipment market covered in this report is segmented –
1) By Product Type: Switching Equipment, Bridges, Gateways And Routers, Other Product Types
2) By Infrastructure: Wireless, Wired Infrastructure
3) By End-User: Telecom Operators, Enterprises
By Geography:The regions covered in the telecom infrastructure equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-Pacific was the largest region in the telecom infrastructure equipment market in 2023.
The Telecom Infrastructure Equipment Global Market Report 2024 furnishes information about the global telecom infrastructure equipment market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
