Pune, India, April 2020, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Telecom Equipment Market.
Global Telecom Equipment Market spans across North America, Europe, Asia-Pacific, and the rest of the world. North America dominates the global telecom equipment market owing to its strong growth in telecommunication networks, as the governments in the US, Canada, and Mexico are focused on developing LTE and 5G technologies. The region has been divided into the US, Canada, and Mexico. The US accounted for the largest market share of 79% in 2018 in the North America telecom equipment market and is expected to register the highest CAGR of 10.5% during the forecast period. The US is one of the leaders in the telecommunications industry. 5G has provided a significant opportunity for the telecom equipment providers and has benefited many software hardware and semiconductor companies in the US. Canada accounted for a 9% share in 2018 in the North America telecom equipment market and is expected to record a CAGR of 8.42% during the forecast period. Developments in the telecom industry infrastructure, enhanced wireless telecom networks, and the growing development of LTE technologies such as 4G and 5G, are factors that propel the growth of the telecom equipment market in Canada.
Globally, Asia-Pacific accounted for the second-largest market share and is the fastest-growing regional market for telecom equipment. It accounted for a market share of 31.05% in 2018 and is expected to register a CAGR of 13.07% during the forecast period. The growth in the Asia-Pacific market is attributed to the increasing investments in network infrastructure within the region. Asia-Pacific has witnessed strong growth in telecommunication networks as the governments in China and Japan are focused on developing LTE and 5G technologies. To facilitate analysis, the Asia-Pacific market has been further divided into China, Japan, India, Vietnam, Indonesia, Philippines, Thailand, and the rest of Asia-Pacific.
Europe and the rest of the world are also witnessing considerable growth in the global telecom equipment market. The telecom operators in Europe are deploying 5G services with the help of companies such as Nokia and Ericsson, providing them the required telecom infrastructure. The market penetration of such key players is expected to drive the growth of the telecom equipment market in the region. In Europe, we have covered the UK, Germany, France, and the rest of Europe.
The Global Telecom Equipment Market is expected to reach a value of USD 339.17 Billion by 2025 and register a CAGR of over 11.23% during the forecast period 2019–2025.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/telecom-equipment-market-4441
Global Telecom Equipment Market Segmentation
Global Telecom Equipment Market has been segmented based on offerings, infrastructure, end-user, and region. The market, by offerings, has been segmented into products [broadband access, the core network (evolved packet core, IP multimedia subsystem, signal transfer point, and multiaccess edge computing)], software, services (professional services [consulting services, installation and implementation services, maintenance services, other support services], and managed services). By infrastructure, the market has been segmented into wireless infrastructure and wired infrastructure. By end-user the market has been segmented into consumer electronics, BFSI, retail, media, defense, and others.; regional markets being North America, Europe, Asia-Pacific, and the rest of the world.
Some of the Prominent Players in the Global Telecom Equipment Market are Huawei Technologies Co. Ltd (China), Ciena (US), Nokia (Finland), ZTE Corporation (China), Cisco Systems, Inc. (US), Fujitsu Ltd (Japan), Telefonaktiebolaget LM Ericsson. (Sweden), Qualcomm Technologies, Inc. (US), Samsung Group (South Korea), Juniper Networks, Inc. (US), CommScope Holding Co., Inc. (US), Extreme Networks, Inc. (US), Ribbon Communications Operating Company, Inc. (US), and NEC Corporation (Japan).