Communications Hardware Market Report 2020, Competitive Landscape, Trends and Opportunities
Harrisburg, NC -- (SBWIRE) -- 10/22/2020 -- Asia Pacific was the largest region in the global communications hardware market, accounting for 32% of the market in 2019. Western Europe was the second largest region accounting for 29% of the global communications hardware market. Middle East was the smallest region in the global communications hardware market.
The global communications hardware market is expected to decline from $661 billion in 2019 to $651.3 billion in 2020 at a compound annual growth rate (CAGR) of -1.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $805.7 billion in 2023.
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The prominent players in the global Communications Hardware market are:
Apple, Samsung, Cisco Systems, Huawei Technologies, Ericsson
Market Segmentation by Region:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Russia, Rest of Europe, Central & South America
Global Communications Hardware Market Overview
The entire telecommunications industry is witnessing convergence of services, voice, data, and video from the same interface in customer premises in wire line space or triple play services. The operators are moving toward automation and high-speed IP based infrastructure over which they will be able to deliver their offerings through IPTV and Voice over IP technologies (VoIP).
The communications hardware manufacturing market consists of sales of communications hardware by entities (organizations, sole traders and partnerships) that produce telephone apparatus and broadcasting and wireless communications hardware. It includes sales of wired and wireless communication hardware equipment.
Furthermore, Global Communications Hardware Market following points are involved along with a detailed study of each point: –
– Global Communications Hardware Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
– Global Communications Hardware Market competition by Manufacturers (2020-2026)
– Production and Consumption by Regions
– Complete profiling and analysis of Manufacturers (2020-2026)
– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses
– Industrial Chain, Sourcing Strategy and Downstream Buyers
– Marketing Strategy Analysis, Distributors/Traders
– Global Communications Hardware Market Effect Factors Analysis (2020-2026)
– Global Communications Hardware Market Forecast (2020-2026)
– Global Communications Hardware Market Research Findings and Conclusion
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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