|By Business Wire||
|December 18, 2012 11:25 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/9743g7/global_telecom) has announced the addition of the "Global Telecom Equipment Market 2011-2015" report to their offering.
TechNavio's analysts forecast the Global Telecom Equipment market to grow at a CAGR of 4.03 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing deployment of 3G and long-term evolution (LTE) networks. The Global Telecom Equipment market has also been witnessing the increasing popularity of Chinese equipment vendors. However, the government regulations on the procurement of telecom network equipment could pose a challenge to the growth of this market.
The key vendors dominating this market space are Alcatel-Lucent Inc., Ericsson Inc., Huawei Co. Ltd., Nokia Siemens Networks Pvt. Ltd., and ZTE Corp.
The other vendors mentioned in the report are Nortel Networks Corp., Cisco System Inc., Samsung Networks Inc., NEC Corp., Bell Labs Inc., UTStarcom Holdings Corp., Hewlett-Packard (HP) Co., IBM Corp.
Commenting on the report, an analyst from TechNavio's Telecom team said: ''One of the major trends observed in the Global Telecom Equipment market is the increasing popularity of Chinese telecom equipment vendors. Chinese telecom equipment providers have entered the Global Telecom Equipment market with low-pricing business models. Since then, both the leading Chinese telecom equipment providers, Huawei and ZTE, have significantly enhanced their market share, while other telecom vendors are witnessing a decrease in their market share. Chinese companies are witnessing high growth because of their low-priced telecom equipment.''
According to the report, currently, one of the major drivers is the increasing deployment of 3G and long-term evolution (LTE) networks. Currently, more than 700 3G network are being deployed across the globe. Furthermore, it is expected that more than 340 LTE networks will be deployed during the forecast period. Moreover, the increasing deployment of 3G and LTE networks in the APAC region is expected to drive the growth of the Global Telecom Equipment market.
For more information visit http://www.researchandmarkets.com/research/9743g7/global_telecom
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