Categories: Market Research

Telecom Infrastructure Equipment Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Telecom Infrastructure Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Telecom Infrastructure Equipment Global Market Report 2024, The telecom infrastructure equipment market size has grown strongly in recent years. It will grow from $86.84 billion in 2023 to $91.31 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to growing mobile network expansion, rapid growth in data traffic, emergence of 4g/lte networks, fiber optic network deployments, government initiatives and policies.

The telecom infrastructure equipment market size is expected to see strong growth in the next few years. It will grow to $116.24 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to growing 5g network rollouts, growing internet of things (iot) connectivity, edge computing integration, network virtualization and software-defined networking (sdn), increasing capacity and network efficiency. Major trends in the forecast period include cloud-ran (centralized radio access network) deployments, automation and orchestration of network operations, satellite communication integration, enhanced backhaul solutions for network connectivity, collaboration with telecom service providers for innovation.

The increase in the popularity of IoT devices among the populace has led to a rise in demand for telecommunications infrastructure equipment. IoT is becoming popular as a greater number of people are using smart devices and are mostly working on their errands, office work, communication, sending/receiving messages using smart devices thus overwriting the traditional way. Telecom equipment manufacturers such as Cisco are already investing in the IoT industry to cater to the growing demand. According to a survey, the global IoT market grew by $212 billion in size in the end of 2019 and by 2025 it is forecasted to grow to $1.6 trillion. This rising adoption of IoT technologies is expected to drive the demand for telecom equipment globally.

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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

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.

The telecom infrastructure equipment market report table of contents includes: