Telecom Network Infrastructure Global Market Report 2024

The telecom network infrastructure market size has grown strongly in recent years. It will grow from $94.1 billion in 2023 to $100.52 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The observed growth in the historical period can be attributed to several factors, including the advent of the mobile revolution, widespread expansion of the internet, the continuous evolution of communication standards, the rise of cloud computing services and data centers, as well as the implementation of network virtualization and Software-Defined Networking (SDN) technologies. These advancements collectively contributed to the development and expansion of the telecom network infrastructure.

The telecom network infrastructure market size is expected to see strong growth in the next few years. It will grow to $130.72 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period can be linked to various factors, including the widespread deployment and expansion of 5G networks, the escalating growth of edge computing capabilities, the proliferation of IoT (Internet of Things) devices and connected technologies, increasing concerns surrounding network security, the continued expansion of cloud services and data centers, and the integration of AI (Artificial Intelligence) for network optimization. Key trends expected in this period encompass the adoption of virtualization and Software-Defined Networking (SDN) technologies, increased uptake of edge computing solutions, the continuous rise of IoT connectivity and its applications, heightened emphasis on security and privacy measures within networks, and the ongoing expansion of cloud services to meet evolving demands in the telecom sector.

The anticipated increase in smartphone penetration is poised to significantly contribute to the growth of the telecom network infrastructure market. Smartphone penetration, measured by the proportion of SIM cards to the population, serves as a key indicator of mobile phone usage in a nation. Telecom network infrastructure facilitates wireless communication through portable electronics such as smartphones, tablets, and mobile phones. As of January 2021, DataReportal reported 1.61 billion mobile connections in China, indicating a rise of 8.0 million connections (+0.5%) between January 2020 and January 2021. Given that individuals often have multiple mobile connections, the number of mobile connections in China in January 2021 equaled 111.8% of the country's total population. This data underscores the increasing smartphone penetration, which serves as a driving force for the growth of the telecom network infrastructure market.

The rollout and expansion of 5G networks emerge as another catalyst propelling the growth of the telecom network infrastructure market. The deployment of 5G networks involves implementing the latest generation of mobile telecommunications, offering faster speeds, lower latency, and increased capacity compared to its predecessor, 4G/LTE. The rollout and expansion of 5G networks trigger a domino effect throughout the telecom ecosystem, leading to substantial investments in infrastructure, fostering technological advancements, and creating new growth opportunities in the telecom network infrastructure sector. According to 5G Americas in April 2023, 5G wireless connections experienced a 76% increase, reaching 1.05 billion from 2021 to 2022. Projections suggest it will further increase to 1.9 billion by the end of 2023 and reach 5.9 billion by 2027, with North America expected to have 215 million 5G connections by the close of 2023. The expansion of 5G networks stands out as a significant driver for the growth of the telecom network infrastructure market.

Technological advancements are becoming a predominant trend in the telecom network infrastructure market, with major companies focusing on introducing innovative solutions to strengthen their market positions. One notable example is Dell Technologies, a US-based technology company, which launched the Bare Metal Orchestrator in October 2021. This new telecom software, solution, and service aim to assist communications service providers (CSPs) in accelerating the development of open, cloud-native networks and exploring new revenue streams at the edge. The Bare Metal Orchestrator from Dell Technologies supports the deployment of ORAN and 5G by automating the administration and deployment of tens of thousands of servers across multiple locations. Leveraging declarative automation, it efficiently directs targeted servers to accomplish activities and workflows without human intervention, such as deploying software stacks and workloads.

Innovative solutions, such as 5G virtualized Radio Access Network (vRAN), are a focal point for major companies in the telecom network infrastructure market. 5G vRAN is a network architecture utilizing virtualization technologies to separate and centralize the processing functions of the Radio Access Network (RAN), providing flexibility and scalability in deploying 5G networks. Fujitsu Limited, a Japan-based information and communications technology company, exemplifies this trend by launching a novel 5G vRAN solution in February 2023. This solution integrates virtualized central units (CUs) and distributed units (DUs) with NVIDIA's GPU technology under the '5G Open RAN Ecosystem' (OREC) initiative. Leveraging NVIDIA's GPU processing engine, specifically the 'NVIDIA A100X,' for physical layer processing at the base station, the solution enables parallel processing of virtualized base stations and edge applications on GPU hardware, creating an integrated configuration on the same server. This design enhances radio unit (RU) capacity and processing power, ensuring a high-quality communication environment and accommodating various functions in a flexible open network. Fujitsu envisions this solution contributing significantly to the global expansion of open 5G networks.

In November 2022, NOVA Infrastructure, a US-based infrastructure investment company, successfully acquired Xchange Telecom for an undisclosed sum. This strategic acquisition aligns with NOVA's investment focus on the communications sector, bolstering and enriching its portfolio. Xchange Telecom, based in the United States, operates as a comprehensive telecommunications and data service provider catering to residential and commercial clientele in the New York region.

Major companies operating in the telecom network infrastructure market report are Nokia Corporation Inc., Fujitsu Limited, Cisco Systems Inc., Ciena Corporation, Fortinet Inc., CommScope Holding Company Inc., Huawei Technologies Co. Ltd., NEC Corporation, Samsung Electronics Co. Ltd., Qualcomm Incorporated, Sprint Corporation, Altiostar Networks Inc., Juniper Networks Inc., Palo Alto Networks Inc., Telefonaktiebolaget LM Ericsson, Check Point Software Technologies Ltd., Altran Technologies SA, Capgemini SE, Broadcom Inc., Intel Corp., Alcatel-Lucent, ZTE Corporation, Affirmed Networks, Software-Defined Networking (SDN), Synchronization Networks, Test and Measurement Equipment, Transmission Systems, VoLTE Gateways, Ascendis Communications, Cambium Networks.

Asia-Pacific was the largest region in the telecom network infrastructure market in 2023. The regions covered in the telecom network infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the telecom network infrastructure market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary components of telecom network infrastructure include products and services. Products refer to both durable and nondurable commodities sold to meet customer needs. These products consist of various elements such as telecom towers, active and passive network equipment, and data centers, essential for ensuring optimal coverage and connectivity. Major connectivity technologies employed include 2G, 3G, 4G or LTE, and 5G. Telecom network infrastructure serves major end-user groups, including telecom operators and enterprises.

The telecom network infrastructure market research report is one of a series of new reports that provides telecom network infrastructure market statistics, including telecom network infrastructure industry global market size, regional shares, competitors with a telecom network infrastructure market share, detailed telecom network infrastructure market segments, market trends and opportunities, and any further data you may need to thrive in the telecom network infrastructure industry. This telecom network infrastructure 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 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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