The market for telecom network infrastructure is expected to grow steadily between 2023 and 2033, at a CAGR of 5.8%. The market, which is now valued at US$ 100.1 billion in 2023, is predicted to reach a market share of US$ 175.91 billion by 2033.
The market is expanding due to the construction of more network towers, improved connectivity, and the reorganization of telecom solutions in Asia and Europe. Furthermore, the demand for telecom network infrastructures is being fuelled by HD calls and highly modern materials.
Another motivating reason is the deployment of 5G infrastructure by governments together with the growth of smartphone applications. A further factor driving demand for telecom network infrastructure is the emergence of smart gadgets that rely on the network for improved operability.
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Due to the domination of numerous telecom carriers, the expansion of digital businesses, and the increase of online payments, there is a huge demand for cutting-edge telecom network infrastructure.
Governments and law enforcement agencies from all over the world are attempting to improve communication due to increased connectivity for enhanced security proposals. As a result, implementing smart telecom network architecture becomes essential. Smartphone adoption is aided by the availability of 2G, 3G, 4G/LTE, and 5G bandwidths with various network coverage, which benefits the telecom network infrastructure market as well.
Businesses are offering small, mid-sized, and large business corporate end users LTE network solutions. This benefits company that have a high-capability network platform—essential for high-processing and outsourced activities.
Key Points
- The United States is another significant market. The market is anticipated to continue its growth with 5G deployments, expanding telecom operators, and the advent of smart devices.
- The Chinese telecom network infrastructure market leads in Asia due to the increased number of digital businesses, rapid digitization, and world-leading connectivity. Growing demand for smart devices along with an increased number of base stations.
- Europe with its broadband strategy program is another important regional market with higher tourist activity. The program is there to reach the connectivity goals.
- The product segment is likely to thrive in the component category due to individual devices like smartphones. It is expected to thrive at a CAGR of 5.2% during the forecast period.
- The base stations segment tops the product category with a CAGR of 4.8% between 2023 and 2033. The growth is attributed to easy deployment and enhanced network capability.
Competitive Landscape
The key competitors focus on building infrastructure with strong and enhanced network capability. Key competitors also merge, acquire, and partner with other companies to increase the network range, connectivity, supply chain, and distribution channel. The key players in the market are Qualcomm Technologies, Sprint Corporation, Nokia Corporation Inc., and Huawei Technologies Inc.
- Nokia Corporation Inc. introduced its telecom network infrastructure with an expectancy of growth and margins. The company expects an operating margin of 9 to 12% in 2023.
- Qualcomm Technologies collaborate with Viettel for the 5G infrastructure development. The merger is for the 5G platforms to commercialize huge MIMO RU and DU.
Key Segments
By Component:
- Product
- Base Stations
- Infrastructure Components
- Service
By Connectivity Technology:
- 2G
- 3G
- 4G/LTE
- 5G
By End User:
- Telecom Operators
- Enterprises
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- The Middle East & Africa
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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