Telecom Network Infrastructure Market size is expected to witness a lucrative growth during the forecast timeframe owing to the adoption of Software defined Network (SDN) infrastructure.
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The telecom network infrastructure market is anticipated to foresee growth owing to the growing adoption of cellular and other wireless devices. The rising demand for smart cities across the globe has caused an increase in number of wireless devices. Whereas, burgeoning investment in telecom infrastructure throughout APAC region are expected to make substantial contribution to the market expansion.
Several supportive proposals for commercialization of 5G technology are urging telecom service providers to enhance their existing telecom infrastructure. Since the need to commercialize next-gen 5G network has grown-up, it has enabled companies to implement advance telecom infrastructure. Compared to conventional 4G and LTE network, 5G network offers enhanced speed capacities together with improved bandwidth.
Telecom operators are bringing out experiments to increase the process of commercializing 5G network. The rising BYOD trend has meanwhile resulted in demand for enhancing the telecom connectivity across enterprises. With these trends, Global Market Insights Inc., estimates that the market size may exceed $100 billion by 2026.
Mentioned below are 3 key trends that are likely to influence telecom network infrastructure market forecast
Increasing prevalence of cyberthreats
Rise in the prevalence of cyber threats across wireless telecom networks has become a key concern due to increasing number of wireless devices being deployed worldwide. Cyber criminals nowadays can easily access confidential information inside a telecommunication infrastructure. Cyberattacks on telecoms service providers have also grown substantially, creating a big challenge for firms when it comes to safeguarding their network assets.
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Impact of cellular coverage in rural areas
Rising need for superior cellular connectivity in rural areas is helping with the growing adoption of base stations. Macrocells are projected to foresee high demand since they are more suitable base stations that can be used for providing connections in isolated rural places.
Likewise, increasing need for next-generation 5G network has permitted companies to deploy 5G base stations for fast commercialization of this novel technology. For instance, SK Telecom, back in April 2019, built approximately 34,000 units of 5G base stations to enable 5G commercialization. Besides, the company also positioned these base stations in data traffic areas through 85 cities in South Korea.
Supportive government schemes
The advent of supportive government proposals are stimulating the growth of telecom network infrastructure market in North America. Various government entities are focusing on enhancing their current telecom infrastructure in order to access 5G technology.
Additionally, government agencies like Canadian Radio-television & Telecommunications Commission and Federal Communication Commission are focusing on enhancing regulatory framework to draw more investment for using the 5G telecom infrastructure. The prime telecom workers in the region are examining the 5G network so as to speed up its commercialization.
The companies operating in the market are unveiling innovative products and solutions that compatible to 5G networks. Citing an example, Nokia, back in October 2019, disclosed 1830 TPS, known as 1830 Time-sensitive Packet Switch, that helps cloud-native architectures and Time-Sensitive Networking necessary to help services that are essential in 5G.
The new release aided Nokia to renew its network to the 5G cloud RAN in a cost-efficient way. Thereby, introduction of new products is supporting telecom enterprise & service providers to immediately update their telecom network infrastructure.
Apart from Nokia, Huawei Technologies Co., Ltd., Cisco Systems, Inc., and NEC Corporation are among the key players operating in the telecom network infrastructure market.
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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Source: MarketersMedia
Release ID: 89040235
COMTEX_390985449/2773/2021-08-05T05:30:29
