Telecom Equipment Market To Acquire Earnings Worth USD 562 Billion By 2023 | Business Opportunity, COVID – 19 Outbreak, Rising Demand By Top Vendors- Ciena, Cisco, Fujitsu
Research Reports
Dec 29, 2020
Market Research Future highlights that the “Telecom Equipment Market” To Rise With Surge In Demand For Communication, Market Hit by COVID-19 Outbreak but Future Outlook Remains Positive
Telecom Equipment Market -Overview
The importance of the telecom sector has never been higher than today, and this expected to spur the telecom equipment market 2020. The semiconductor and electronics industry reports are produced by Market Research Future, which highlights market options for expansion. A 10% CAGR is estimated to guide the market to revenues worth USD 562 billion by the end of 2023.
The development of wireless infrastructure is anticipated to create favorable momentum for market growth in the future. Moreover, the telecommunication equipment industry analysis states that the market is anticipated to achieve market share from the amplified growth of the cellular station. The upswing in research and development of a cost-effective portfolio is anticipated to bolster the telecom equipment market in the forecast period.
Competitive Analysis
The inclusion of certain elements of functionality in production facilities is likely to create better supply potential for the overall market. The effect of global currencies is expected to have a significant effect on market growth. The upsurge in exports is expected to create a constructive situation for expansion in the coming period. The influence of global trade policies by various administrations is expected to further enhance the market expansion potential in the forecast period. The momentum of change in the market is predicted to create new opportunities for growth in the forecast period.
The noteworthy contenders in the telecom equipment market are Alcatel Lucent S.A (France), Ciena (US), Cisco Systems, Inc (US), Huawei Technologies Co Ltd (China), Juniper Networks, Inc (US), Fujitsu Ltd (Japan), ZTE Corporation (China), Qualcomm, Inc (US), Ericsson (Sweden), and Motorola Solutions (US).
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Segmental Analysis
- On the basis of type, the telecom equipment market is segmented into public switching, transmission, and customer premise.
- On the basis of infrastructure, the telecom equipment market is segmented into wireless infrastructure and wired infrastructure.
- On the basis of end-user the telecom equipment market comprises of banking, consumer electronics, retail, media, ISP/mobile operators, and defense and government.
- On the basis of region, the telecom equipment market is segmented into Europe, North America, Asia Pacific, and the rest of the regions.
Detailed Regional Analysis
The regional insight into the telecom equipment market comprises of Europe, North America, Asia Pacific, and the rest of the regions. The Asia Pacific region is leading the telecom equipment market at approximately 40% share trailed by the North American region at a 30 % share. A number of the influential market leader in the telecom equipment market comprise of 80% of the fresh entrants in the market hail from China. The market for telecom equipment is motivated by many novel technologies and trends. It has been anticipated that the Asia Pacific region will show the way in the telecom equipment market for the duration of the forecast.
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TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Telecom Equipment Market, By Segments
- Competitive Analysis
Continued…
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