: Lucintel Forecasts the Global Network Equipment Market to Reach $175.0 billion by 2030
: Lucintel Forecasts the Global Network Equipment Market to Reach $175.0 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global network equipment market looks promising with opportunities in the telecom operator and enterprise markets. The global network equipment market is expected to reach an estimated $175.0 billion by 2030 from $142.4 billion in 2023, at a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are increasing use of Internet of Things (IoT)-enabled devices in commercial, industrial, and consumer infrastructure, global rise in digitalization and the uptake of cutting-edge technologies like the Internet of Things, as well as, rise in the use of cutting-edge technologies like edge computing and 5G.
A more than 150-page report to understand trends, opportunity and forecast in network equipment market to 2030 by component (hardware, software, and services), connectivity (2G/3G, 4G LTE, and 5G), network type (public network and private network), end use (telecom operators, enterprises, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that hardware will remain the largest segment over the forecast period due to the rising deployment of network hardware and core equipment across several use cases.
Download sample by clicking on network equipment market
APAC is expected to witness highest growth over the forecast period due to strong adoption of next-generation network infrastructure and equipment due to the region's propensity for embracing new technologies.
Telefonaktiebolaget Lm Ericsson, Nokia, Samsung Electronics, ZTE, Juniper Networks, Cisco Systems, Broadcom are the major suppliers in the network equipment market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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