About Communication Equipment
Communication Equipment is the devices which aid in process of communication between the individuals. They have been escalated in recent decades to an extent in which society is spoilt with a choice in the way the information is sent and receive. In these days, communications are mainly run by the software. However, hardware still remains relatively important. In various forms, Communication Equipment exists, each with their own operational usage and way. The market of the communication equipment is increasing due to rising in the activity and importance of long-distance communication. While concerns like lack of security may hamper the growing market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.0% |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apple Inc. (United States), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Lenovo Group Limited (China), Panasonic Corporation (Japan), Xiaomi (China), AT&T Inc. (United States), Google Inc. (United States), Sony Corporation (Japan), OnePlus (China) and Motorola Solutions (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Communication Equipment market by Type (Mobile and Fixed-line) and Region.
On the basis of geography, the market of Communication Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Infrastructure, the sub-segment i.e. Wireless will boost the Communication Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End user, the sub-segment i.e. Consumer Electronics will boost the Communication Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergence of 5G and 4G/LTE networks have increased the adoption of internet-enabled communication devices
Market Growth Drivers:
Growth in the communication sector, High smartphone penetration and Rising number of internet users
Challenges:
High cost associated with the communication equipment and raw material associated with it
Restraints:
Growing network security concerns and Lack of infrastructure facility in some of the region
Opportunities:
Availability of alternative means of communication, such as Instant Messaging (IM) apps like Facebook Messenger and WhatsApp, is also contributing to the sluggish growth of this segment
Market Leaders and their expansionary development strategies
In December 12, 2023 – Edgecore Networks, a leading provider of traditional and open network solutions for enterprises, data centers, and telecommunication service providers, today announced a new strategic partnership with Pavo Group, one of Türkiye’s leading technology companies. The partnership extends Edgecore’s vision of providing innovative networking solutions that enable people to accomplish more and also attains the goal of democratizing access to networking technologies through disaggregation and open-source software.
In April 2024, Alcatel-Lucent Enterprise, a leading provider of communications, networking and cloud solutions tailored to customers’ industries, announces the launch of Purple on Demand for Asia Pacific markets, starting from today. Purple on Demand is a subscription-based commercial offer aimed at delivering secure business communications to end customers in a private environment.
Key Target Audience
Device manufacturers, Electronic Component manufacturers, Chipset manufacturers, Storage chipset providers, Network Security providers, Mobile phone distributors, Optical solutions providers, Research firms, Software investors, Software Developers, IT enablers, Vendors, Wireless service providers and Government agencies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.