The Business Research Company Global Communication Equipment Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, April 27, 2022 /EINPresswire.com/ — Rapidly rising energy consumption poses a major threat to environmental protection and sustainable development, driving the development of green technologies. For example, communications equipment accounts for around 2-4% of total global carbon emissions. Due to the high-speed Internet access provided by next-generation wireless networks and the increased use of smartphones, data traffic has increased dramatically. This triggered a significant expansion of grid infrastructure and increased energy demands. Environmentally friendly batteries, renewable energy sources and intelligent management of power systems are being developed to reduce carbon emissions.
The global communications equipment market size is expected to grow from $608.43 billion in 2021 to $677.20 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. Growth in the communications equipment market is primarily due to companies reorganizing their operations and recovering from the impact of COVID-19, which had earlier led to restrictive lockdown measures involving social distancing, work remotely and the closure of business activities that resulted in operational disruptions. challenges. The communications equipment market is expected to reach $1,005.37 billion in 2026 with a CAGR of 10.4%.
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The communication equipment market overview shows that the growth of the market is expected to be aided by rapid growth in investment in smart city projects in many countries around the world. Smart city technologies use information and communication technologies to efficiently manage and operate city services, including transportation systems, water supply, and law and order. These technologies are made possible by IoT technology. The IoT is a convergence of computing devices, mechanical and digital objects. This system facilitates the transfer of data over a network without human interaction and with minimal human-computer interaction. According to the communication equipment market analysis, smart cities are integrated with communication equipment, which benefits companies operating in this market. APG Algemene Pensioen Groep NV announced a €250 million investment in the “Smart City Infrastructure Fund”, for the development of smart city projects in North America, Europe, Australia and other major urban areas of the world. The concept of smart cities is also increasingly popular in developing countries. For example, more than 1,000 smart city pilot projects are ready or under construction around the world and about 500 of these projects are in China.
Key Players Covered in Global Communication Equipment Market are Apple, Huawei, Samsung Electronics Co., Ltd., AT&T Inc., Compal Electronics, Inc., Cisco Systems, Inc., Xiaomi Corporation, Hon Hai Precision Industry, Lenovo Group Limited and T-Mobile USA, Inc.
The global TBRC Communication Equipment market report is segmented by Type into General Communication Equipment, Broadcast Communication Equipment, Telecom Infrastructure Equipment, by Application for Military Use, Civil Use, by End User in Operators telecommunications company, internet service provider, cable operator, personal user, business and government.
Global Communication Equipment Market Report 2022 – By Type (General Communication Equipment, Broadcast Communication Equipment, Telecom Infrastructure Equipment), By Application (Military Use, Civil Use), By End User (Telecom Operators , Internet Service Provider, Cable Operator, Personal User, Business & Government) – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provides market overview of the Communications Equipment, forecasts Communications Equipment market size and growth for overall market, Communications Equipment market segments, geographies, Communications Equipment market trends, Communications Equipment market drivers, constraints, revenues, profiles and market shares of the main competitors.
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