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Telecom Equipment Market to Reach US$ 967.9 Bn by 2030 Report Analysis by Acumen Research and Consulting

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TOKYO, June 15, 2022 (GLOBE NEWSWIRE) — The Global Telecom Equipment Market accounted for US$ 538.9 Bn in 2021 and is expected to reach US$ 967.9 Bn by 2030 with a considerable CAGR of 6.9% during the forecast timeframe of 2022 to 2030

The telecom equipment market includes global sales of telecom infrastructure equipment and telecommunications-related services. Telecommunications equipment is a device or system that transfers many types of signals. Demand for telecommunications equipment is driven by telecom operators, industrial firms, and departmental and power groups. These telecommunications networks all connect to the Internet to send and receive signals. All of these telecommunication networks communicate with one another by accessing the internet. Furthermore, telecommunications equipment relies on software to function, thus specialists that understand both the hardware and software of the equipment are essential.

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Report Coverage:

Market Telecom Equipment Market
Market Size 2021 US$ 538.9 Bn
Market Forecast 2030 US$ 967.9 Bn
CAGR 6.9% During 2022 – 2030
Analysis Period 2018 – 2030
Base Year 2021
Forecast Data 2022 – 2030
Segments Covered By Component, By Infrastructure, By Technology, By End-user, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd, Barcodes, Inc., Nokia Corporation, Samsung Electronics Co, Fujitsu Limited, Juniper Networks, Inc., Ciena Corporation, FiberHome Telecom Technologies Co. LTD., ZTE Corporation, Qualcomm Technologies, Inc, and Ribbon Communications Operating Company, Inc.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope 10 hrs of free customization and expert consultation

Global Telecom Equipment Market Growth Aspects

As the telecommunications industry expands, so does the demand for telecom equipment, propelling the market ahead. Furthermore, since mobile phones are end receivers of the communication process, the global market for telecom equipment is being driven by the increasing number of mobile phones. Furthermore, huge investment in enterprise IT across corporation verticals is projected to spur the industry forward. Furthermore, as businesses’ dependency on telecommunications develops, large-scale organizations are developing their own telecom networks, hence pushing the telecom equipment market. Furthermore, the growth of small and medium-sized organizations worldwide generates a potential market for Telecom Equipment. An increase in the use of tablets and smartphones, an increase in demand for network capacity to access connected services, and an increase in demand for managing network capabilities to give strong connectivity solutions for smart applications are driving the telecom equipment market.

Besides that, security network risks and data security concerns will stymie market expansion throughout the projection period. While increasing smartphone, connected car, and smart home adoption are expected to provide new growth prospects for the telecom equipment sector during the forecast period.

The increasing prevalence of IoT devices among the wider public has increased the demand for telecom equipment. As more individuals use smart devices for errands, office work, communication, and sending/receiving messages, IoT becomes increasingly common, basically replacing the previous method. To meet increased demand, telecom equipment manufacturers are already investing in the IoT sector. The increased use of IoT technology is predicted to increase global demand for telecom equipment.

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Regional Overview

North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global telecom equipment market. Over the projection period, the Asia-Pacific telecom equipment market is expected to increase at the fastest rate. Factors such as an increase in the number of small and medium-sized organizations, combined with significant expenditures in the development of IT and telecom infrastructure, would generate profitable growth opportunities for the Asia-Pacific Telecom Equipment market. Furthermore, due to considerable ongoing internet infrastructure upgrades, Asia-Pacific is predicted to demonstrate high growth in the telecom equipment market. Advanced communication technologies like VoLTE, LTE, and 5G are in high demand in emerging economies such As Japan, India, and China. 5G technologies will provide opportunities and demand in Asia-Pacific by leveraging platforms such as automation, the Internet of Things (IoT), and artificial intelligence. As a result, demand for communication equipment is growing across Asia-Pacific. Aside from that, significant market participants have begun to expand their manufacturing and production facilities around the region. India has one of the world’s largest telecom markets. The total numbers of subscriptions, wireless subscriptions, and wired online subscriptions have all continuously climbed. As a result, demand for telecom equipment in the region’s industry is expanding.

For instance, Nokia Corporation began manufacturing next generation 5G telecom equipment in India in December 2020. As a result, the factors are projected to amplify market expansion throughout Asian countries. Industrial advancement and urbanization are expected to fuel market growth throughout Asia-Pacific.

Market Segmentation

The global telecom equipment market has been segmented by Acumen Research and Consulting based on component, infrastructure, technology, and end-user. Based on the component, the market is divided into hardware, and software. Based on infrastructure, the market split into wired, and wireless. Based on technology, the market is classified into 2G and 3G, 4G LTE, and 5G. Based on end-uses, the market is categorized into BFSI, retail, IT and telecommunication, media and entertainment, healthcare, military and defense, consumer electronics, and others.

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Major Players

A few companies dominated the telecom equipment business, including Nokia, Huawei, Samsung, ZTE, Ericsson, Cisco, and NEC. For a long time, these proprietary vendors dominated the worldwide telecom equipment industry, controlling more than 80% of the market. However, things have altered in recent years.

Some key players covered in the telecom equipment industry report are Nokia Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd, ZTE Corporation, Ciena Corporation, Barcodes, Inc., Samsung Electronics Co, Fujitsu Limited, Juniper Networks, Inc., FiberHome Telecom Technologies Co. LTD., Qualcomm Technologies, Inc, and Ribbon Communications Operating Company, Inc.

More ICT Related Reports:

The Laboratory Informatics Market is expected to grow at a CAGR of around 4.2% from 2020 to 2027 and expected to reach the market value of around US$ 4.0 Bn by 2027.

The Anti-Money Laundering Software Market is projected to grow at a CAGR of around 15.5% from 2020 to 2027 and expected to reach the market value of around US$ 3,324.9 Mn by 2027.

About Acumen Research and Consulting:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Artificial Intelligence

Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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