Telecom Equipment Market Size Growth Analysis, Industry Insights and Forecast by 2025
Global Telecom Equipment Market spans across North America, Europe, Asia-Pacific, and the rest of the world. North America dominates the global telecom equipment market owing to its strong growth in telecommunication networks, as the governments in the US, Canada, and Mexico are focused on developing LTE and 5G technologies. The region has been divided into the US, Canada, and Mexico. The US accounted for the largest market share of 79% in 2018 in the North America telecom equipment market and is expected to register the highest CAGR of 10.5% during the forecast period. The US is one of the leaders in the telecommunications industry. 5G has provided a significant opportunity for the telecom equipment providers and has benefited many software hardware and semiconductor companies in the US. Canada accounted for a 9% share in 2018 in the North America telecom equipment market and is expected to record a CAGR of 8.42% during the forecast period. Developments in the telecom industry infrastructure, enhanced wireless telecom networks, and the growing development of LTE technologies such as 4G and 5G, are factors that propel the growth of the telecom equipment market in Canada.
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Telecom Equipment Market Size Growth Analysis, Industry Insights and Forecast by 2025
Global Telecom Equipment Market spans across North America, Europe, Asia-Pacific, and the rest of the world. North America dominates the global telecom equipment market owing to its strong growth in telecommunication networks, as the governments in the US, Canada, and Mexico are focused on developing LTE and 5G technologies. The region has been divided into the US, Canada, and Mexico. The US accounted for the largest market share of 79% in 2018 in the North America telecom equipment market and is expected to register the highest CAGR of 10.5% during the forecast period. The US is one of the leaders in the telecommunications industry. 5G has provided a significant opportunity for the telecom equipment providers and has benefited many software hardware and semiconductor companies in the US. Canada accounted for a 9% share in 2018 in the North America telecom equipment market and is expected to record a CAGR of 8.42% during the forecast period. Developments in the telecom industry infrastructure, enhanced wireless telecom networks, and the growing development of LTE technologies such as 4G and 5G, are factors that propel the growth of the telecom equipment market in Canada.
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