Irving, Texas (PRWEB) August 23, 2012
The global telecommunication equipment industry is expected to witness modest growth and reach an estimated $214.5 billion by 2017 with 2.7% CAGR over 2012-2017.
Lucintel, a leading global management consulting and market research firm, has analyzed the global telecommunication equipment industry and offers its findings in its research report, “Global Telecommunication Equipment Industry Analysis 2012-2017: Trend, Profit, and Forecast".
Asia Pacific (APAC), followed by North America and Europe, witnessed growth during 2006-2011 propelled by the demand of advanced technological products and video conferencing equipment.Over the five-year forecast period, North America is expected to experience the highest growth.
Lucintel identifies some of the intrinsic challenges encountered by the industry such as cost competitiveness and the race toward innovating technologies and high carrier consolidation. Although demand for telecommunication equipment is expected to remain low at present, the industry anticipates growth.
Lucintel’s research indicates that some of the factors that are expected to drive the industry are increased demand for IP-based communication and multimedia solutions and the need for increasingly high bandwidth by residential and business customers.Some of the crucial elements that influence the industry are access lines, price fluctuations, number of suppliers, and governmental regulations.
Due to the acute competition in the industry, the equipment makers are opting for mergers and acquisitions to maintain propitious market position.Expanding liberalization is one of the major factors instigating a strong market competition. Some of the more attractive opportunities are focused on 3G wireless technologies and emerging 4G technologies.
This Lucintel research report provides insights into the recent industry scope and overview, global macroeconomic overview, annual industry trend, emerging trends, industry forecasts, future opportunities, hazards, and the profitability analysis of the major players.
The data and analysis found in this report can be utilized for a variety of functional business reasons, including: business development, strategic planning, determination of market size and trends, competitive analysis, investment decisions, and joint product development.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.