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The Business Research Company’s Communications Hardware Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Communications Hardware Global Market Report 2023 evaluates Communications Hardware market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The communications hardware market size has grown strongly in recent years. It will grow from $713.21 billion in 2023 to $763.64 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to technological advancements, increasing connectivity, data traffic growth, e-commerce and digital transformation. The communications hardware market size is expected to see strong growth in the next few years. It will grow to $1,055.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
The communications hardware market is expected to be aided by rapid growth in investments in smart city projects in many countries globally. Smart city technologies use information and communication technologies to efficiently manage and operate urban services including transportation systems, water supply and law and order.
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The Communications Hardware market segments in the report are:
1) By Type: General Communication Equipment, Broadcast Communications Equipment, Telecom Infrastructure Equipment
2) By Application: Military Use, Civil Use
3) By End-User: Telecom Operators, Internet Service Provider, Cable Operator, Personal User, Business and Government
The table of contents in TBRC’s Communications Hardware market report includes:
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