Telecom Network Infrastructure Market to cross $180 Bn by 2032

Telecom Network Infrastructure Market is anticipated to exceed USD 180 billion by 2032, according to the recent research report by Global Market Insights Inc.
 

The rising demand for server virtualization and data center consolidation will augment the industry expansion. The data center is the central point of access for observation, therefore being an essential part of the IT architecture. Consolidation of multiple data centers or operating a single data center on fewer resources results in efficient operations, resulting in a reduction of physical infrastructure assets for companies. This is leading to rising demand for better telecom infrastructure components, stimulating industry growth.
 

Increasing development of telecom infrastructure to drive demand for service

The service segment in telecom network infrastructure market registered USD 21.5 billion in revenue in 2022, given the fast-developing telecom infrastructure which is prompting demand for network consulting services. They offer guidelines for implementing the required infrastructure in order to enhance cellular connectivity. Moreover, deployment services ensure that the required network capacity has low dropped call rates and service blocking, along with satisfactory user throughputs.
 

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Digitalization of business operations to augment network consulting services

The network consulting service type is projected to grow at over 8.5% CAGR between 2032 and 2032. These services aid businesses in assessment planning, design services, and strategies as per their requirements, and offer consultations for various programs including deployment of telecom infrastructure and related applications. Network consulting can also help businesses generate more revenues and also reduce operating expenses while maintaining regulatory complaint-network infrastructure, further driving demand in the industry.
 

Rapid deployment of 5G services to fuel segment progess

The 5G technology is poised to grow at over 12.5% CAGR from 2032 to 2032, owing to the growing demand for improved network coverage and the high-speed internet it offers. According to data from Omdia, 430 million new 5G connections were added from the second quarter of 2021 to the second quarter of 2022 globally, with the total number coming at 813 million. This rapid deployment will result in steady telecom network infrastructure market growth.
 

Growing demand for network upgradation to cater opportunities for telecom operators

Telecom operators are constantly upgrading their network infrastructure to meet the growing demand for better cellular coverage and high-speed data amid the increasing uptake of smartphones, PCs, and laptops. Furthermore, Digital Data reports that two-thirds of the global population will be online by the second quarter of 2032. This will lead to a rise in demand for telecom-related services from these operators.
 

Browse key industry insights spread across 250 pages with 513 market data tables and 38 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, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/telecom-network-infrastructure-market
 

Rising number of internet users to propel North America industry

The North America telecom network infrastructure market is poised to attain 7% gains during 2023 to 2032, owing to the rising penetration of broadband services in the continent to support the necessity for better telecom infrastructure. With better internet services, the region also noted an uptick in users of mobile devices, leading to higher network data traffic. As per the Internet World Stats 2022, North America has the highest internet penetration worldwide at 93.4%. This has resulted in telecom service providers there to enhance their telecom infrastructure, driving business development.
 

Mergers and acquisitions to shape industry outlook

Key telecom network infrastructure market players include Fortinet, Inc., Altran Technologies, Fujitsu Ltd., Altiostar Networks, Inc., SA, Check Point Software Technologies Ltd., Juniper Networks, Inc., Samsung Electronics Co., Ltd., Ciena Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., CommScope, Inc., Sprint Corporation, and NEC Corporation, amongst others. To strengthen their portfolios and provide customers with a wide range of products and services, many firms are turning to mergers and acquisitions
.