Telecommunications infrastructure market
The global Telecommunications Infrastructure Market is valued at USD 1841.57 Billion in 2022 and is projected to reach a value of USD 2804.87 Billion by 2030, growing at a CAGR of 5.4% over the forecast period 2022-2030.
The telecommunications network infrastructure market is rapidly changing as 5G deployment initiatives gain momentum. Governments in many countries are focusing on accelerating the process of commercializing 5G services. For example, the Joe Biden administration said in June this year that it would invest US$65 billion to build high-speed, comprehensive 5G internet infrastructure across the country. The proliferation of IoT and related devices is expected to give the telecommunications network infrastructure industry a major boost in terms of growth. The need for better cellular connectivity and wider broadband coverage is growing in response to a noticeable increase in wireless connections. Telecom operators are modernizing their network infrastructures to meet this demand. In the coming years, operators will have more options thanks to ongoing smart city projects.
Overall, the telecommunications industry performed well in 2020 and saw an increase in demand for its goods and services due to the shift to remote employment, online education and general scanning. Investors are also anticipating large-scale 5G deployments; they can see the significant investment in C-band spectrum and expect billions of dollars in construction; they may also see a new player entering the market in the form of Dish Network; and they may see government economic stimulus funds used to support broadband. Investors are wondering how to take advantage of the planned expansion of telecommunications infrastructure given the current market optimism.
Active attempts by telecommunications companies
Over the past few years, the number of Internet users and wireless connections has increased dramatically. By constantly improving their network infrastructures, telecommunications operators are preparing to meet the growing demands of cellular consumers. As a result, telecom operators control a large portion of the telecom network infrastructure market. The introduction of 5G will provide operators with new opportunities as it offers faster speeds, extremely low latency and seamless connectivity.
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Increasing level of competition in the market
These companies are modernizing their RAN network services through partnerships and other means to meet changing connectivity requirements. As an illustration, Airspan and Altiostar signed a cooperation in March 2020 to market 4G and 4G open virtualized RAN network technologies. The rise of new players in the telecommunications network infrastructure industry will further intensify competition as incumbents attempt to increase their market position.
Global Telecom Infrastructure Market – Key Market Trends
Each market has its growth determinants and challenges. One of the major factors fueling the growth of the market over the forecast period is the increase in spending on the deployment of 5G infrastructure owing to the changing inclination of customers towards the technologies of new generation and smart phones. Additionally, an increase in the number of mobile subscribers, rising demand for high-speed data connectivity, and rise in demand for value-added managed services are the other potential factors fueling the growth of the market.
Global Telecom Infrastructure Market – Market Segment Analysis
Based on type of service
• Mobile data services
• Machine-to-machine services
The mobile data services segment led the market growth over the forecast period. This is due to the growing use of smartphones by consumers. Rapidly increasing demand for high-speed broadband services for business and residential applications will drive the growth of the market. Additionally, massive demand for accessing 4K UHD videos online and online gaming in the cloud is expected to drive the growth of the data services market.
The wireless segment led the market growth over the forecast period. The advent of cloud computing, artificial intelligence, and Internet of Things technologies is believed to be a major contributor to the growth of wireless communication channels around the world.
Based on end use
The consumer segment led the market growth over the forecast period. This is due to the proliferation of smartphones in the world. There were over 8 billion registered mobile subscribers globally in 2020, where over 60% of the population used smartphones. Private telecommunications operators represent a larger subscriber base than public companies.
Global Telecom Infrastructure Market – Competitive Landscape
Some of the major companies operating in the market are AT&T Inc.; Verizon Communications Inc.; NTT; China Mobile Ltd. ; Deutsche Telekom AG; SoftBank Group Corp. ; China Telecom Corp Ltd. ; Telefónica SA; Vodafone Group; KT Company; Bharati Airtel Limited; Reliance Jio Infocomm Limited; KDDI Corporation; Orange SA; BT Group plc; Comcast Corporation.
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