PUBLISHER: Allied Market Research | PRODUCT CODE: 1414973
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414973
According to a new report published by Allied Market Research, titled, "Telecom Network Infrastructure Market," The telecom network infrastructure market was valued at $96.9 billion in 2022, and is estimated to reach $173.8 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032.
The virtual components necessary for a telecommunications network to function are referred to as telecom network infrastructure. This infrastructure connects consumers and devices worldwide by enabling the long-distance transmission of voice, data, and multimedia content.
Telecom has seen a rapid rise in competition which has affected growth and profitability of this vertical. Decrease in average revenue per user has also affected the market in a negative way where the telecom operators face the challenging task of achieving growth in the telecom services market. The sector has emerged as one of the acute service types essential for global socio-economic development with the plurality of telecom services, networks, and providers. With the plurality of telecom services, networks, and providers, the sector has emerged as one of the acute service types essential for global socio-economic development. Rapid adoption of smartphone devices is another dynamic factor that has majorly contributed toward the growth of the global telecom industry and has manifested in businesses of telecom companies.
The entire demand for telecom network infrastructure solutions is expected to be driven by the growing need for better cellular coverage. People are being pushed to embrace base stations by governments implementing 5G broadband services since they are easy to set up and provide a reliable connection. It is expected that the emergence of high-speed internet in metropolitan areas would boost a variety of services.
According to the telecom network infrastructure market viewpoint, urbanization's fast digitalization has influenced the telecom network infrastructure's development. The telecom network infrastructure market is segmented into component, technology, end user, and region. By component, the market is classified into product and service. By technology, the market is bifurcated into 2G, 3G, 4G/LTE, and 5G. By end user, the market is divided into telecom operators and enterprises. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
Region wise, the telecom network infrastructure market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competitive analysis and profiles of the major global telecom network infrastructure market players that have been provided in the report include: Qualcomm Incorporated, Samsung Electronics Co Ltd., Cisco System, Inc., Nokia Corporation, Huawei Technologies Co., Ltd., CommScope Holding Company, Inc., Juniper Networks Inc., Fujitsu, ZTE Corporation, and Sprint Corporation. The key strategies adopted by the major players of the wide bandgap semiconductor market are product launch.