Cable Exhibition 2024 Update: Wearable Devices Drive Growth in the Telecom Network Infrastructure Market
Recent reports indicate that the global telecom network infrastructure market was valued at $96.9 billion in 2022. Cable Exhibition 2024 has learned that this market is projected to reach $173.8 billion by 2032, with a compound annual growth rate (CAGR) of 6.3% from 2023 to 2032.
Key Growth Drivers
The telecom network infrastructure market is expected to experience significant growth due to the increasing need for network maintenance and the adoption of 5G networks. The emergence of the Internet of Things (IoT) is also anticipated to present new growth opportunities for the market.
The telecom network infrastructure market includes macro cells, micro cells, pico cells, and femtocells, which serve as the pillars of the market to meet the evolving demands of wireless communication.
Cable Exhibition 2024 learned that, the 4G/LTE segment held the largest market share in 2022, accounting for over two-fifths of the global telecom network infrastructure market revenue. This segment is expected to maintain its leadership throughout the forecast period due to the growing demand for small and portable electronic products.
The enterprise segment also held the highest market share in 2022, contributing over two-thirds of the global telecom network infrastructure market revenue. Optical Transport Networks (OTN) can efficiently, reliably, and securely transmit large volumes of data traffic, offering multiplexing, forward error correction, and optical signal monitoring.
Attributed to the high demand for consumer electronics, Europe held the largest market share in terms of revenue in 2022. As a technological hub, the region sees an increasing need among residents for various small and efficient power devices to support portable electronics such as wearable devices, smartphones, and other gadgets. The market share in Europe accounted for over half of the global telecom network infrastructure market revenue. From 2023 to 2032, the region is expected to experience the fastest CAGR of 7.14%.
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