Communications Hardware Market Grows Rapidly
Posted: Jan 27, 2019
The Business Research Company’s communications hardware global market report, covers the year-on-year growth of the global communications hardware market historic and forecast growth. It also includes chapters on the communications hardware market trends, geographical analysis, and competitive landscape.
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The global communications hardware market size is expected to reach $1 trillion by 2022, significantly growing at a CAGR of around 10% during the forecast period.
Communications Hardware Market Trends:
The communications hardware manufacturing market consists of sales of communications hardware by entities (organizations, sole traders and partnerships) that produce telephone apparatus and broadcasting and wireless communications hardware. It includes sales of wired and wireless communication hardware equipment.
The entire telecommunications industry is witnessing convergence of services, voice, data, and video from the same interface in customer premises in wire line space or triple play services. The operators are moving toward automation and high-speed IP based infrastructure over which they will be able to deliver their offerings through IPTV and Voice over IP technologies (VoIP).
The global communications hardware market is primarily driven by emerging markets growth, economic growth, increasing smart cities, government initiatives and growing use of internet of things technology.
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The global communications hardware market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With economic growth, increase in economic growth, technological development and low interest rate environment, the global communications hardware market is expected to increase in potential and scope. TBRC’s report also covers the communications hardware drivers and restraints in the market.
The global communications hardware market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global communications hardware market report are Apple, Samsung, Cisco Systems, Huawei Technologies, and Ericsson.
The global communications hardware market is further segmented based on type and geography.
By Type - The communications hardware market is segmented into general communication equipment, broadcast communications equipment, telecom infrastructure equipment among these segments, the general communication equipment market accounts for the largest share in the global communications hardware market.
By Geography - The global communications hardware is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the global communications hardware market, accounting for around 40% of the market in 2018.
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