TOKYO, June 15, 2022 (GLOBE NEWSWIRE) — The Global Telecom Equipment Market accounted for US$ 538.9 Bn in 2021 and is expected to reach US$ 967.9 Bn by 2030 with a considerable CAGR of 6.9% during the forecast timeframe of 2022 to 2030
The telecom equipment market includes global sales of telecom infrastructure equipment and telecommunications-related services. Telecommunications equipment is a device or system that transfers many types of signals. Demand for telecommunications equipment is driven by telecom operators, industrial firms, and departmental and power groups. These telecommunications networks all connect to the Internet to send and receive signals. All of these telecommunication networks communicate with one another by accessing the internet. Furthermore, telecommunications equipment relies on software to function, thus specialists that understand both the hardware and software of the equipment are essential.
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Report Coverage:
| Market | Telecom Equipment Market |
| Market Size 2021 | US$ 538.9 Bn |
| Market Forecast 2030 | US$ 967.9 Bn |
| CAGR | 6.9% During 2022 – 2030 |
| Analysis Period | 2018 – 2030 |
| Base Year | 2021 |
| Forecast Data | 2022 – 2030 |
| Segments Covered | By Component, By Infrastructure, By Technology, By End-user, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | Telefonaktiebolaget LM Ericsson, Huawei… |
