Telecom Equipment Market to grow at a CAGR of 6.13% from 2022 to 2027 | Increasing demand for high-speed internet connectivity is one of the key drivers - Technavio

NEW YORK, July 4, 2023 /PRNewswire/ -- The telecom equipment market is estimated to grow by USD 195.93 billion from 2022 to 2027. Moreover, the growth momentum will progress at a CAGR of 6.13% during the forecast period. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities. Read Sample Report

The report also covers the following areas:

• Telecom Equipment Market size
• Telecom Equipment Market trends
• Telecom Equipment Market industry analysis

Factors such as the increasing demand for high-speed internet connectivity, the growing adoption of cloud-based services, and the increasing demand for network security will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The telecom equipment market is fragmented, and fragmentation will accelerate during the forecast period.

Telecom Equipment Market 2023-2027: Segmentation

The telecom equipment market is segmented as follows:

• End-user 
• BFSI
• IT And Telecommunication
• Retail
• Media And Entertainment
• Others
• Component 
• Hardware
• Software
• Geography 
• North America
• Europe
• APAC
• South America
• Middle East And Africa

The market share growth by the BFSI segment will be significant for the growth of the market during the forecast period. The BFSI sector is a major end-user of telecommunications equipment. It includes organizations such as banks, insurance companies, and other financial service providers. This segment widely uses communication devices for various applications, such as data management and transaction processing.

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Telecom Equipment Market 2023-2027: Vendor Analysis and Scope

Some of the major vendors of the telecom equipment market include Actelis Networks Inc., Adtran Holdings Inc., ALE International, Aspocomp Group Plc, AT and T Inc., ATOP Corp., Comba Telecom Systems Holdings Ltd., CommScope Holding Co. Inc., Guangdong Lingyi Intelligent Manufacturing Co. Ltd., Hitech Circuits, Huawei Technologies Co. Ltd., Infinera Corp., Juniper Networks Inc., Motorola Solutions Inc., Qualcomm Inc., Semtech Corp., Siemens AG, Sonim Technologies Inc., Telefonaktiebolaget LM Ericsson, and ZTE Corp.. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market.

Vendor Offerings

• Adtran Holdings Inc. - The company offers telecom equipment such as TeraFlex, DCI OLS, OpenFabric Series, and SDX 6000 Series.
• ALE International - The company offers telecom equipment such as communication systems, switches, and wireless LAN.
• Aspocomp Group Plc - The company offers telecom equipment such as PCBs for homes, offices, and industrial facilities.

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Telecom equipment market – Market dynamics

Key Drivers

Increasing demand for high-speed internet connectivity drives the growth of the market during the forecast period. Due to the advent of the digital age and the proliferation of connected devices, consumers and businesses are demanding faster and more reliable Internet connections. Furthermore, communication devices provide high-speed Internet connections such as routers, modems, switches, and other network infrastructure. Resultantly, the demand for communication equipment has increased significantly in recent years. Hence, such factors boost the market growth during the forecast period.

Significant Trends

The rising proliferation of IoT and connected devices is an emerging trend shaping the telecom equipment market. The proliferation of IoT has led to the development of various connected devices, such as smartphones, tablets, wearable devices, and other smart devices. This is increasing the demand for communication equipment. Telecommunications equipment includes a wide range of hardware and software products, such as routers, switches, gateways, network interfaces, and other devices. The rise in the number of connected devices increases the demand for data transmission. The increasing adoption of new technologies such as 5G and edge computing is also boosting the growth of the market. In addition, the growing need for network infrastructure upgrades drives the demand for telecommunications equipment.

Major Challenges

The high cost of telecom equipment challenges the growth of the telecom equipment market during the forecast period. The cost of telecommunications equipment, such as hardware, software, installation, and maintenance, is high. This can be a significant barrier for new entrants and can also limit the ability of SMEs to invest in new equipment. As a result, the market may be dominated by large players, thereby reducing innovation and competition. The high cost of telecommunications equipment may limit investment in developing countries. Thus, the high costs are likely to hinder the market growth during the forecast period.

Telecom Equipment Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist telecom equipment market growth during the next five years
• Estimation of the telecom equipment market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the telecom equipment market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of telecom equipment market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global telecom equipment market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global telecom equipment market 2017 - 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.3 Component Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 BFSI - Market size and forecast 2022-2027
• Exhibit 34: Chart on BFSI - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on BFSI - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on BFSI - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

• 6.4 IT and telecommunication - Market size and forecast 2022-2027 
• Exhibit 38: Chart on IT and telecommunication - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on IT and telecommunication - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on IT and telecommunication - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on IT and telecommunication - Year-over-year growth 2022-2027 (%)

• 6.5 Retail - Market size and forecast 2022-2027
• Exhibit 42: Chart on Retail - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Retail - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Retail - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Retail - Year-over-year growth 2022-2027 (%)

• 6.6 Media and entertainment - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Media and entertainment - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Media and entertainment - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Media and entertainment - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Media and entertainment - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by End-user 
• Exhibit 54: Market opportunity by End-user ($ billion)
• Exhibit 55: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Component

• 7.1 Market segments 
• Exhibit 56: Chart on Component - Market share 2022-2027 (%)
• Exhibit 57: Data Table on Component - Market share 2022-2027 (%)

• 7.2 Comparison by Component 
• Exhibit 58: Chart on Comparison by Component
• Exhibit 59: Data Table on Comparison by Component

• 7.3 Hardware - Market size and forecast 2022-2027
• Exhibit 60: Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Hardware - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Hardware - Year-over-year growth 2022-2027 (%)

• 7.4 Software - Market size and forecast 2022-2027
• Exhibit 64: Chart on Software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Software - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Software - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Component 
• Exhibit 68: Market opportunity by Component ($ billion)
• Exhibit 69: Data Table on Market opportunity by Component ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ billion)
• Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Adtran Holdings Inc. 
• Exhibit 123: Adtran Holdings Inc. - Overview
• Exhibit 124: Adtran Holdings Inc. - Business segments
• Exhibit 125: Adtran Holdings Inc. - Key offerings
• Exhibit 126: Adtran Holdings Inc. - Segment focus

• 12.4 ALE International 
• Exhibit 127: ALE International - Overview
• Exhibit 128: ALE International - Product / Service
• Exhibit 129: ALE International - Key offerings

• 12.5 Aspocomp Group Plc 
• Exhibit 130: Aspocomp Group Plc - Overview
• Exhibit 131: Aspocomp Group Plc - Product / Service
• Exhibit 132: Aspocomp Group Plc - Key offerings

• 12.6 AT and T Inc. 
• Exhibit 133: AT and T Inc. - Overview
• Exhibit 134: AT and T Inc. - Business segments
• Exhibit 135: AT and T Inc. - Key news
• Exhibit 136: AT and T Inc. - Key offerings
• Exhibit 137: AT and T Inc. - Segment focus

• 12.7 Comba Telecom Systems Holdings Ltd.
• Exhibit 138: Comba Telecom Systems Holdings Ltd. - Overview
• Exhibit 139: Comba Telecom Systems Holdings Ltd. - Business segments
• Exhibit 140: Comba Telecom Systems Holdings Ltd. - Key offerings
• Exhibit 141: Comba Telecom Systems Holdings Ltd. - Segment focus

• 12.8 Guangdong Lingyi Intelligent Manufacturing Co. Ltd. 
• Exhibit 142: Guangdong Lingyi Intelligent Manufacturing Co. Ltd. - Overview
• Exhibit 143: Guangdong Lingyi Intelligent Manufacturing Co. Ltd. - Product / Service
• Exhibit 144: Guangdong Lingyi Intelligent Manufacturing Co. Ltd. - Key offerings

• 12.9 Huawei Technologies Co. Ltd. 
• Exhibit 145: Huawei Technologies Co. Ltd. - Overview
• Exhibit 146: Huawei Technologies Co. Ltd. - Business segments
• Exhibit 147: Huawei Technologies Co. Ltd. - Key news
• Exhibit 148: Huawei Technologies Co. Ltd. - Key offerings
• Exhibit 149: Huawei Technologies Co. Ltd. - Segment focus

• 12.10 Infinera Corp. 
• Exhibit 150: Infinera Corp. - Overview
• Exhibit 151: Infinera Corp. - Product / Service
• Exhibit 152: Infinera Corp. - Key offerings

• 12.11 Juniper Networks Inc. 
• Exhibit 153: Juniper Networks Inc. - Overview
• Exhibit 154: Juniper Networks Inc. - Product / Service
• Exhibit 155: Juniper Networks Inc. - Key offerings

• 12.12 Motorola Solutions Inc. 
• Exhibit 156: Motorola Solutions Inc. - Overview
• Exhibit 157: Motorola Solutions Inc. - Business segments
• Exhibit 158: Motorola Solutions Inc. - Key offerings
• Exhibit 159: Motorola Solutions Inc. - Segment focus

• 12.13 Qualcomm Inc. 
• Exhibit 160: Qualcomm Inc. - Overview
• Exhibit 161: Qualcomm Inc. - Business segments
• Exhibit 162: Qualcomm Inc. - Key news
• Exhibit 163: Qualcomm Inc. - Key offerings
• Exhibit 164: Qualcomm Inc. - Segment focus

• 12.14 Semtech Corp. 
• Exhibit 165: Semtech Corp. - Overview
• Exhibit 166: Semtech Corp. - Business segments
• Exhibit 167: Semtech Corp. - Key news
• Exhibit 168: Semtech Corp. - Key offerings
• Exhibit 169: Semtech Corp. - Segment focus

• 12.15 Siemens AG 
• Exhibit 170: Siemens AG - Overview
• Exhibit 171: Siemens AG - Business segments
• Exhibit 172: Siemens AG - Key news
• Exhibit 173: Siemens AG - Key offerings
• Exhibit 174: Siemens AG - Segment focus

• 12.16 Telefonaktiebolaget LM Ericsson 
• Exhibit 175: Telefonaktiebolaget LM Ericsson - Overview
• Exhibit 176: Telefonaktiebolaget LM Ericsson - Business segments
• Exhibit 177: Telefonaktiebolaget LM Ericsson - Key news
• Exhibit 178: Telefonaktiebolaget LM Ericsson - Key offerings
• Exhibit 179: Telefonaktiebolaget LM Ericsson - Segment focus

• 12.17 ZTE Corp. 
• Exhibit 180: ZTE Corp. - Overview
• Exhibit 181: ZTE Corp. - Business segments
• Exhibit 182: ZTE Corp. - Key news
• Exhibit 183: ZTE Corp. - Key offerings
• Exhibit 184: ZTE Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 185: Inclusions checklist
• Exhibit 186: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 187: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 188: Research methodology
• Exhibit 189: Validation techniques employed for market sizing
• Exhibit 190: Information sources

• 13.5 List of abbreviations 
• Exhibit 191: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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