Telecom Equipment Market Overview:
A recent study published by Market Research Future (MRFR) states that the worldwide telecom equipment market has been likely to grow at 10% CAGR over the forecast period of 2017-2023. The study further reports that the global telecom equipment market has been estimated to expand at USD 562 bn by the conclusion of the forecast period. The global telecom equipment market has been witnessing growth on account of the increasing wireless access point, fiber optics, and cellular station.

The wired framework represents 35% market share while the wireless framework reflects a 65% market share globally. While fiber optic and wireless access points contradict each other as a whole, both the frameworks contribute equally towards the industrial as well as consumer use. The growth of the global Telecom Equipment Market has also been largely propelled by the open commute project.

Diverse group of network engineers from different companies work independently and collectively under an open commute project, where open source hardware for data centers are created. The global telecom equipment market consists of items such as chipsets, landline & wireless infrastructure equipment’s, cable modems, cellphones, and digital subscriber line (DSL).

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Major Key Players:
The players in the worldwide telecom equipment market are constantly enhancing their product portfolio by launching ground-breaking products in order to develop their businesses in the global platform. Tactically planned mergers and acquisitions are assisting these players to face the market rivalry and maintain their dominance over the worldwide telecom equipment market over the forecast period.

The reports by Market Research Future (MRFR) reveals that the global telecom equipment market has been dominated by key players such as Alcatel Lucent S.A (France), Huawei Technologies Co Ltd (China), Juniper Networks, Inc (the U.S.), Fujitsu Ltd (Japan), Cisco Systems, Inc (the U.S.), Ciena (the U.S.), Qualcomm, Inc (the U.S.), ZTE Corporation (China), Motorola Solutions (the U.S.), and Ericsson (Sweden).

Market Segmentation:
The worldwide telecom equipment market has been segmented based on infrastructure, end-users, and type. Based on infrastructure, the market has been segmented into wired framework and wireless framework. By end-user, the global telecom equipment market has been segmented into banking, consumer electronics, media, retail, ISP/mobile operators, government, and defense. By type, the worldwide telecom equipment market has been segmented into customer premise, public switching, and transmission. The customer premise segment has been sub-segmented into modems, local area networks, landline telephone, mobile phones, fax, answering machine, routers, and pagers. The transmission segment has been sub-segmented into optical fiber cables, base transceiver station (BTS), local loops, communication satellites, and multiplexers.

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Regional Analysis:
On geographical basis, the worldwide telecom equipment market has been segmented based on four key regions such as Europe, North America, Asia Pacific (APAC), and the rest of the world. APAC represents the largest share in the global telecom equipment market which is equivalent to almost 40% of the entire market. The growth in this market is mostly attributed to the availability of cheap labor coupled with raw materials within the emerging countries such as China and India.

Growing demand for efficient connectivity in several industrial regions collectively with the surging demand for improved telecommunication services in the distant localities of different underdeveloped areas are fueling the development of the market to a large extent. The second largest share in the worldwide telecom equipment market is held by North America.

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