Telecom infrastructure market
The global telecom infrastructure market is valued at US$1841.57 billion in 2022 and is projected to reach US$2804.87 billion in 2030, growing at a CAGR of 5.4% during the forecast period 2022-2030.
The telecom network infrastructure market is changing rapidly as 5G deployment initiatives gain momentum. Governments of many nations are focused on accelerating the process of commercializing 5G services. For example, in June this year, the Joe Biden administration said it would invest $65 billion in building an all-encompassing 5G high-speed internet infrastructure across the country. The proliferation of IoT and connected devices is expected to bring a major growth spurt to the telecom network infrastructure sector. The need for better cellular connectivity and wider broadband coverage is increasing 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 due to ongoing smart city projects.
Overall, the telecom industry has fared well in 2020, seeing an increase in demand for its goods and services as a result of the shift to remote work, online education and general digitization. Investors also anticipate scaled 5G deployments; they see the significant investment in C-band spectrum and anticipate billions of dollars in expansion; you can also see a new player coming in the form of Dish Network; and they can see government stimulus funds being used to support broadband. Investors are wondering how to capitalize on the projected expansion of telecom infrastructure given the current market optimism.
Active trials by telecom companies
In recent years, both the number of Internet users and wireless connections have increased dramatically. Telecom operators are preparing to meet the growing demands of mobile customers by consistently improving their network infrastructures. As a result, telecom operators control a large portion of the telecom network infrastructure market. The arrival of 5G will open up new perspectives for operators as it offers faster speeds, ultra-low latency and seamless connectivity.
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Increasing competition in the market
These companies are modernizing their RAN network services through partnerships and other means to meet changing connectivity needs. To illustrate, in March 2020, Airspan and Altiostar signed a collaboration to commercialize 4G and 4G open virtualized RAN network technologies. The rise of new players in the telecom network infrastructure industry will further intensify competition as incumbents seek to expand their market position.
Global Telecom Infrastructure Market – Key Market Trends
Every market has its growth determinants and challenges. One of the main factors that has propelled the market growth during the forecast period is the rising spending on 5G infrastructure deployment due to the shift in customer propensity towards next-generation technologies and smartphone devices mobile subscribers, rising demand for high-speed data connectivity and the increasing demand for value-added managed services are the other potential factors that have fueled the market growth.
Global Telecom Infrastructure Market – Segmental Analysis of the Market
Based on the service type
• Mobile data services
• Machine-to-Machine Services
The mobile data services segment has dominated the market growth during the forecast period. The reason for this is the significant increase in the use of smartphones by consumers. The rapidly increasing demand for high-speed broadband services for business and residential applications will fuel the market growth. Furthermore, it is estimated that massive demand for accessing online 4K UHD videos and playing online cloud games will fuel the growth of data services market.
Based on transmission
The wireless segment has dominated the market growth during the forecast period. The advent of cloud computing technologies, artificial intelligence and the Internet of Things are believed to be major contributors to the growth of wireless communication channels worldwide.
Based on end use
The consumer segment has dominated the market growth during the forecast period. The reason for this is the worldwide spread of smartphones. In 2020, more than 8 billion mobile subscribers were registered worldwide, with more than 60% of the population using smartphones. The private telecommunications operators represent a larger subscriber base compared to state-owned companies.
Global Telecom Infrastructure Market – Competitive Landscape
Some of the well-known 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 Corporation; Bharati Airtel Limited; Reliance Jio Infocomm Limited; KDDI Corporation; Orange SA; BT Group plc; Comcast Corporation.
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