DUBLIN, IRELAND: Research and has announced the addition of the "Global Telecom Equipment Market 2010-2014" report to its offering.
One of the key factors contributing to this market growth is deployment of 3G and 4G network rollouts in India and China. The Global Telecom Equipment market has also been witnessing high demand of Next Generation Network equipment. However, reduction in telecom equipment prices and security issues related to telecom equipment manufactured in China could pose a challenge to the growth of this market.
Key vendors dominating this market space include Ericsson Inc., Huawei Ltd, Nokia Siemens Networks, Alcatel-Lucent Inc., and ZTE Corp.
Commenting on the report, an analyst from TechNavio's Telecom team said, Energy consumption is one of the leading drivers of operating expenses for both fixed and mobile telecom network operators. Reliable access to electricity is limited in many developing countries that are currently the high-growth markets for telecom. At the same time, many operators have adopted corporate social responsibility initiatives with a goal of reducing their networks' carbon footprints, and network infrastructure vendors are striving to gain competitive advantage by reducing the power requirements of their equipment.
According to the report, the APAC region will drive the growth of the Telecom Equipment market in the years to come. Deployment of 3G and 4G network rollouts in India and China are one of the major drivers in the Global Telecom Equipment market. The two countries will account for the major sales of telecom equipment accounting for a little less than 20 percent of the revenues generated globally. On the other hand, the APAC region will account for almost one third of the revenues generated globally.