Telecom equipment market projected to reach $1,033.03 billion by 2032 with 4.12% CAGR

From GlobeNewswire: 2024-12-10 09:00:00

telecom equipment market is expected to reach USD 1,033.03 billion by 2032, with a CAGR of 4.12% from 2024-2032. The surge in demand for high-speed internet and connectivity, driven by smart devices and IoT, is a key growth driver. North America dominated the market in 2023, with 38.02% revenue share. The government’s focus on improving rural connectivity is driving demand for telecom equipment in underserved areas. The Asia-Pacific region is expected to see rapid growth in the market, with countries like China, India, Japan, and South Korea leading the digitalization charge. Recent developments include Huawei’s new 5G base station and Nokia’s suite of equipment for private 5G networks. With the telecom equipment market on the rise, companies like Huawei and Nokia are innovating to meet the growing demand for advanced technology. For more information on the telecom equipment market, visit https://www.snsinsider.com/reports/telecom-equipment-market-4435. SNS Insider offers consulting services like Go To Market Assessment and Total Addressable Market (TAM) Assessment to help businesses navigate the dynamic telecom industry. With a focus on providing accurate market data and insights, SNS Insider is a leading market research and consulting agency in the global market.



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