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 expansion in the historic period can be attributed to the increasing expansion of mobile networks, rapid growth in data traffic, the emergence of 4G/LTE networks, deployment of fiber optic networks, and 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 forecasted growth is attributed to the increasing rollout of 5G networks, the expansion of Internet of Things (IoT) connectivity, integration of edge computing, network virtualization, and software-defined networking (SDN), along with efforts to enhance capacity and network efficiency. Major trends in the forecast period include the deployment of Cloud-RAN (Centralized Radio Access Network), automation and orchestration of network operations, integration of satellite communication, improved backhaul solutions for network connectivity, and collaborative efforts with telecom service providers for innovation.

The increasing popularity of Internet of Things (IoT) devices has generated a higher demand for telecommunications infrastructure equipment. IoT is gaining traction as more people utilize smart devices for various tasks, work-related activities, communication, and messaging, supplanting traditional methods. Leading telecom equipment manufacturers such as Cisco are investing in the IoT industry to meet this growing demand. A survey indicates that the global IoT market expanded to $212 billion by the end of 2019, with a projected growth to $1.6 trillion by 2025. This surge in IoT adoption is anticipated to stimulate global demand for telecom equipment.

The growing number of smartphone users is expected to drive the future growth of the telecommunications infrastructure equipment market. Smartphone users, characterized by individuals who own and regularly use advanced mobile devices with internet connectivity, rely on telecommunications infrastructure equipment to communicate, send messages, and access the internet. For example, data from February 2023, provided by Uswitch Limited, reveals a 3.8% increase (approximately 2.6 million) in mobile connections in the UK, reaching 71.8 million from 2021 to 2022. Moreover, the International Telecommunication Union reported a rise in internet users from 4.9 billion in 2021 to 5.3 billion in 2022. Consequently, the growing smartphone user base is fostering the expansion of the telecommunications infrastructure equipment market.

Stringent government regulations pose a limitation to the growth of the telecom infrastructure equipment market. Notably, the anticipation of 5G technology has faced delays due to regulatory measures. For instance, the Trump administration prohibited Huawei's services with American companies, citing potential threats from the Chinese counterpart. In India, the rollout of 5G technology is experiencing delays due to factors such as the spectrum auction process, concerns related to data privacy, and geopolitical issues between India and China. The imposition of strict government regulations is expected to hinder the growth of the telecommunications infrastructure equipment market.

LTE networks are emerging as preferred options for securing various business applications due to their cost-effectiveness, low deployment expenses, and heightened operational efficiency. The private LTE network sector is experiencing significant growth, driven by the increasing adoption of isolated systems. According to statistics, the Compound Annual Growth Rate (CAGR) projected for private LTE networks stands at 12.63% during the forecast period from 2019 to 2024.

Major players in the telecommunications infrastructure equipment market are directing their efforts toward technological advancements in telecommunication equipment, exemplified by the introduction of the Network-as-a-Service (NaaS) platform. Network-as-a-Service (NaaS) is a cloud-based service model offering networking resources to businesses on a subscription basis. For instance, in July 2023, Lumen Technologies Inc., a US-based telecommunications company, launched its Network-as-a-Service (NaaS) platform. This innovative platform enables customers to establish a dedicated connection to one of the world's largest, most connected, and secure networks. It allows for scalable capacity in minutes, providing internet speeds ranging from 100 Mbps to 10 Gbps.

In July 2022, NEC Corporation, a Japan-based electronics and information technology corporation, completed the acquisition of Aspire Technology Unlimited Company for an undisclosed amount. This strategic move is expected to enhance NEC's Systems Integration (SI) capabilities for Open RAN 5G applications, which demand more sophisticated systems design and integration than older ecosystems. Aspire Technology Unlimited Company, based in Ireland, specializes in providing software and services.

Major companies operating in the telecom infrastructure equipment market report are Huawei Technologies Co. Ltd., China Telecommunications Corporation, Cisco Systems Inc., Qualcomm Incorporated, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, ZTE Corporation, Corning Incorporated, Motorola Solutions Inc., Juniper Networks Inc., ARRIS International PLC, Ciena Corporation, ALE International SAS, Accton Technology Corporation, Nortel Networks Corporation, ECI Telecom Ltd., Alpha Networks Inc., Tellabs Inc., EXFO Inc., Calix Inc., Ribbon Communications Inc., HFCL Infotel Ltd., Adtran Inc., Casa Systems Inc., GTL Infrastructure Limited, Alvarion Ltd., NELCO Limited, Native Networks Ltd. Asia-Pacific was the largest region in the telecom infrastructure equipment market in 2023. Western Europe was the second largest region in the global telecom infrastructure equipment market analysis. The regions covered in the telecom infrastructure equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The primary product categories of telecom infrastructure equipment include switching equipment, bridges, gateways, and routers, among others. Switching equipment denotes a device responsible for opening and closing electric circuits in a general sense. These devices play a crucial role in establishing connections between nodes within a network, facilitating the exchange of information when connections are formed. These products find utility in diverse infrastructures such as wireless and wired setups employed by telecom operators and enterprises.

The telecom infrastructure equipment market research report is one of a series of new reports that provides telecom infrastructure equipment market statistics, including telecom infrastructure equipment industry global market size, regional shares, competitors with a telecom infrastructure equipment market share, detailed telecom infrastructure equipment market segments, market trends and opportunities, and any further data you may need to thrive in the telecom infrastructure equipment industry. This telecom infrastructure equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The countries covered in the telecom infrastructure equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The telecom infrastructure equipment market consists of sales of equipment for the purpose of telecommunication across the globe. Telecom infrastructure equipment businesses produce wired telephone and data communications hardware. This market deals with equipment such as PBX, central office switching hardware, LAN modems, multi-user modems, and other data communications hardware such as bridges, routers, and gateways. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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