Telecom Network Infrastructure Market size worth over $120bn by 2027

Telecom Network Infrastructure Market size is set to surpass USD 120 billion by 2027, according to a new research report by Global Market Insights Inc.
 

The market growth is attributed to rising cellular penetration and commercialization of the next-generation 5G network. The development of smart cities is resulting in a rising number of IoT devices. The growing number of IoT devices is another major factor supporting market expansion.
 

 

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The present COVID-19 pandemic has led to a strong need for strong telecom network Infrastructures across established enterprises as most of the industries have switched to remote working protocols. This factor is enabling companies to formulate business strategies according to real-time requirements.
 

Increasing deployment of microcells for better cellular coverage in wireless devices in crowded public places

The microcell base stations segment held 20% of the telecom network infrastructure market share in 2020 led by the growing demand for strong internet connectivity and higher cellular coverage across crowded public places. Microcell is majorly used in public places, such as airports, malls, railway stations, and other crowded places, where multiple devices are connected to a single tower within a single cell. Furthermore, it provides the ability for improved network coverage in densely populated small regions.
 

Rising adoption of network consulting services across multiple industry applications to improve cellular connectivity

The network consulting service segment is expected to witness 5% growth rate through 2027. The segment growth is majorly driven by the rapid development in telecom network infrastructure, which requires proper network consulting services and guidelines for the implementation of telecom network infrastructures to improve cellular connectivity across various industry verticals. Network consulting service providers provide consultation programs for different applications such as telecom network infrastructure deployment, planning, network security, and network expansion.
 

Government and private sector initiatives to commercialize the next generation 5G network are supporting the market progression

The 5G technology segment is predicted to grow at a significant growth rate during the forecast period. The rising internet penetration across various regions has led to increasing market demand for better network infrastructure. Various governments across the globe are focusing on improving their telecom network infrastructure and the commercialization of next generation 5G networks to fulfill connectivity needs. In addition, government agencies worldwide are introducing several programs, such as Digital India and other Smart City projects, which will immensely lead to a rise in wireless devices.
 

Browse key industry insights spread across 310 pages with 509 market data tables and 33 figures & charts from the report, “Telecom Network Infrastructure Market Size, By Component (Product [Base Stations {Macrocell, Microcell, Picocell, Femtocell}, Infrastructure Components {Routers & Switches, Access Points, Firewalls}], Service [Network Consulting, Integration & Deployment, Support & Maintenance]), By Connectivity Technology (2G, 3G, 4G/LTE, 5G), By End User (Telecom Operators, Enterprises), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/telecom-network-infrastructure-market

 

Increasing usage of wireless devices across enterprises is supporting the market revenue

The enterprise segment in the telecom network infrastructure market captured 30% of revenue share in 2020. Segment expansion is credited to the growing BYOD trend across enterprises, resulting in the rising market value for an improved telecom network infrastructure. Telecom network infrastructure components of enterprises are showcasing a huge transformation as virtualization, Software-Defined Networking (SDN), and other networking technologies are changing how businesses monitor their networks.
 

Growing penetration of smartphones and wireless devices across North America is supporting the industry expansion

Global Telecom Network Infrastructure Market Size, By Region

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North America telecom network infrastructure market is anticipated to reach USD 30 billion by 2027 on account of the rising penetration of smartphones and wireless devices. For instance, according to the GSMA Intelligence report 2021, over 89% of the region’s population used smartphones. Nearly two-thirds of Americans own a smartphone and 19% of Americans rely to some degree on a smartphone to access online services and information to stay connected across the globe. Furthermore, supportive government initiatives for the development of advanced telecom network infrastructures are also supporting the industry growth.
 

Proactive focus on strategic partnerships by key players to expand business operations

Some of the key companies operating in the telecom network infrastructure market are Altiostar Networks, Inc., Altran Technologies, SA, Check Point Software Technologies Ltd., Ciena Corporation, Cisco Systems, Inc., CommScope, Inc., Fortinet, Inc., Fujitsu Ltd., Huawei Technologies Co., Ltd., Juniper Networks, Inc., NEC Corporation, Nokia Corporation, Inc., Palo Alto Networks, Inc., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Sierra Wireless, Inc., SonicWall Inc., Sprint Corporation, Telefonaktiebolaget LM Ericsson, and ZTE Corporation. Leaders are focusing on strategic partnership initiatives to address the growing industry demand.
 

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