Telecom Network Infrastructure Market Analysis

Telecom Network Infrastructure Market Analysis

Based on components, the product segment will grow at 5.5% CAGR during the forecast timeline. Given the growing usage of smartphones for daily activities and a push for digitalization across the globe, demand for improved cellular networks has been growing as well, especially in rural and hard-to-reach areas. The proliferating requirement to establish new base stations to provide better network coverage and the increased reliance on internet-based services in light of the COVID-19 pandemic may augment segment share by 2032.

Based on the product, the telecom network infrastructure market from base station segment is predicted to expand at a CAGR of 5% through 2032, driven by the demand for better cell networks and increased cellular coverage may necessitate building more base stations. Base stations can be established irrespective of geographical irregularity, such as mountains or buildings, as well as population density, such as small cell sites like offices.

In terms of connectivity technology, the 4G/LTE segment is expected to garner over USD 85 billion in revenue by 2032. Advancement in 3G technology led to the development of 4G, which offers faster internet services and better cellular reception. As the deployment of the required 5G infrastructure is still in progress, 4G services are slated to steady growth. In July 2022, the government of India approved a $3 billion project to expand 4G services across all villages in the country, to cater to the growing need for high-speed internet and accelerating digitalization in the country.
 

Based on end-user, the telecom network infrastructure market from enterprise segment is slated to witness remarkable growth till 2032, attributed to a rise in the use of wireless devices and the inflating demand for advanced telecom infrastructure. Many businesses are working on shifting their core businesses to cloud and hybrid digital platforms, which require robust networks for ease of accessing data within a network. These networks are responsible for all communication-related matters and necessary for improving enterprise data management.
 

From a regional perspective, the Europe telecom network infrastructure market accounted for USD 20 billion revenues in 2022, with initiatives toward enhancing broadband connectivity. Recently, in January 2022, the European Commission rolled out the EU's broadband strategy, aimed at supporting the European Gigabit Society vision for 2025, as well as the region’s digital transformation. The Broadband Europe strategy will connect citizens and businesses with high-capacity networks for innovation in products, services, and applications.