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Telecom Network Infrastructure Market Projected to Reach $173.8 Billion, Globally, By 2032 at 6.3% CAGR: Allied Market Research
The telecom network infrastructure market is expected to witness notable growth owing to rising demand for network maintenance and adoption of 5G network infrastructure. Moreover, emergence of internet of things (IOT) is expected to provide lucrative opportunity for the growth of the market during the forecast period. On the contrary, government network radiation rules limit the growth of telecom networks.
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Based on component, the product segment held the highest market share in 2022, accounting for more than half of the global revenue and is estimated to maintain its leadership status throughout the forecast period, The telecom network infrastructure market includes base stations such as macro cell, micro cell, pico cell, femtocell. In addition, these several types of base stations serve as the market's mainstay for telecom network infrastructure, meeting the constantly changing demands of wireless communication.
Based on technology, the 4G/LTE segment held the highest market share in 2022, accounting for more than two-fifths of the global telecom network infrastructure market revenue and is estimated to maintain its leadership status throughout the forecast period, due to the growing need for small and portable electronics.
Based on end user, the enterprises segment held the highest market share in 2022, accounting for more than two-thirds of the global telecom network infrastructure market revenue and is estimated to maintain its leadership status throughout the forecast period, high-volume data traffic may be sent effectively, dependably, and securely thanks to OTN, which also performs necessary tasks including multiplexing, forward error correction, and optical signal monitoring.
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for more than half of the global telecom network infrastructure market revenue. This region is expected to witness the fastest CAGR of 7.14% from 2023 to 2032. The growth is primarily attributed to the high need for consumer electronics in the telecom network infrastructure market. As a center of technology, the area has seen a rise in the use of small, effective power sources to sustain a wide range of portable electronics, such as wearables, smartphones, and other electronic devices.
The report provides a detailed analysis of these key players of the global telecom network infrastructure market. These players have adopted different strategies such as product development and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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