The global telecom network market is expected to show substantial growth over the forecasted period owing to growing demand for telecom services. Increasing deployment of telecom infrastructure such as 4G and LTE is expected to propel market growth. Additionally, increased focus of telecom services provider in remote market worldwide is expected to further fuel the demand of telecom network equipment. Advancement in network software, specifically Network Functions Virtualization (NFV) and Software-Defined Networking (SDN) may provide market player an ability to considerably transform the telecom network market over the forecast period. These technologies are synergistic and they offer lower capital operating cost, programmability, and faster service enablement for telecom service providers. Growing demand for personalized telecom services may open opportunities for business analytic application. Package applications offering both network supports and analytics may drive market growth over next seven years.
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Providing low cost service owing to intense competition and equipment standardization may hinder market growth over the forecast period. Cheaper used and refurbished telecommunication network equipments may pose a challenge to market growth. High bargaining power of telecom service providers and increasing demand of delivering product quickly at lower costs may restrict market growth. Market players may face the challenge of maintaining equilibrium between innovating for the future and supporting existing portfolio of products.
Market players are offering pay as you grow capacity and capability based software offering, providing easy device trials, and using virtual appliances to avoid physical hardware costs. Market players are focusing to reduce product fulfillment cost. They may leverage their size and scale of operation to offer one-stop-shop solution to network service providers to gain added advantage over other market players.
Global telecom network market can be segmented into public switching equipment, customer premises equipment, transmission equipment, and network software market. Asia Pacific is anticipated to be key regional segment over the forecast period while Europe may witness grow at a sluggish rate.
Key market participant operating in the telecom network market include Huawei Technologies Corporation Limited, Ericsson, Fujitsu Ltd., Alcatel-Lucent, ECI Telecom LimitedJuniper Networks, Nokia Corporation, Qualcomm Incorporated, ZTE orporation, Cisco Systems.
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