Telecom Network Infrastructure Market Size, By Component (Product [Base Stations {Macrocell, Microcell, Picocell, Femtocell}, Infrastructure Components {Routers & Switches, Access Points, Firewalls}], Service [Network Consulting, Integration & Deployment,

Telecom Network Infrastructure Market Size, By Component (Product [Base Stations {Macrocell, Microcell, Picocell, Femtocell}, Infrastructure Components {Routers & Switches, Access Points, Firewalls}], Service [Network Consulting, Integration & Deployment, Support & Maintenance]), By Connectivity Technology (2G, 3G, 4G/LTE, 5G), By End User (Telecom Service Providers, Enterprises), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026

With the growing adoption of cellular and other wireless devices, the global telecom network infrastructure market is projected to witness a lucrative growth rate over the forecast timespan. The growing demand for smart cities across the world in particular, has resulted in increasing number of wireless devices.

Additionally, on the global level, growing investment in telecommunication infrastructure across the Asia-Pacific region is anticipated to make a significant contribution to the telecom network infrastructure market.

Furthermore, various supportive initiatives for commercialization of 5G network are impelling the telecom service providers to upgrade their current telecom infrastructure. As the demand to commercialize the next gen 5G network has grown, it has caused the companies to implement advanced telecom infrastructure to retain their market presence. As compared to the standard 4G and LTE networks, 5G offers significantly enhanced data speed capabilities along with improved bandwidth.

Moreover, the telecom operators are also conducting trials of 5G network for increasing the commercialization process for next gen 5G network. Meanwhile, the rising BYOD (Bring Your Own Device) trend has also resulted in increasing demand for enhancing telecom connectivity throughout the enterprises.

As per a research report by Global Market Insights, Inc., global telecom network infrastructure market is estimated to surpass $100 billion by 2026.

The rising number of cyberthreats over the wireless telecom network has become a prime concern owing to increasing frequency of wireless devices. Once inside a telecommunication infrastructure, cyber criminals could easily gain access to sensitive data and information.

Additionally, cyberattacks on various telecoms service providers have also grown in substantially in recent years, creating a big challenge for them when it comes to protecting their network assets.

The rising demand for enhanced cellular coverage in rural areas is further supporting the growing adoption in the base stations segment. Macrocells are expected to witness high demand as they are more appropriate base stations that can be used for offering connectivity in remote rural areas.

Furthermore, the growing demand for next gen 5G network has also enabled companies to deploy advance 5G base stations for speedy commercialization of 5G network. Citing an example, SK Telecom, in April 2019, developed nearly 34,000 units of 5G base stations in order to prepare for 5G commercialization. Moreover, the company also installed these base stations in high data traffic areas throughout the 85 cities in South Korea.

From a regional frame of reference, supportive government schemes are also stimulating the market growth of telecom infrastructure, particularly in the North America region. The government agencies are focusing on advancing of the existing telecom infrastructure to gain access to abilities of 5G network.

Furthermore, agencies like the CRTC (Canadian Radio-television and Telecommunications Commission) and FCC (Federal Communication Commission) are concentrating on improving regulatory framework so as to attract more investment for deploying the 5G telecom infrastructure.

Additionally, the key telecom operators in the region are testing the 5G network in order to speed up its commercialization.

The companies functioning in the market are launching new products and solutions that also support the 5G network. Citing an instance, Nokia, in October 2019, unveiled TPS, known as Time-sensitive Packet Switch Nokia 1830, which supports cloud-native architectures and TSN (Time-Sensitive Networking) needed to support services that are time-critical in 5G.

Furthermore, this new launch helped the telecom operators to update their network to the 5G cloud RAN in a very cost-effective manner. Thereby, initiation of new products is helping telecom enterprise and service providers to quickly upgrade their telecom network infrastructure.

All in all, the above-mentioned determinants are likely to offer a diverse array of growth opportunities for global telecom network infrastructure market players. The competitive landscape of global telecom network infrastructure market includes companies like NEC Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., and Nokia Corporation among others.