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The global telecommunication equipment industry analysis is expected to score 10% CAGR during the forecast
period (2017-2023). Market Research Future (MRFR) predicts a possibility of surpassing USD 562 billion
valuation by the end of 2023.
The APAC region commands well-over 40% of the entire market and it will retain its command during the
forecast period as well. The region is benefiting from falling raw material price and increased equipment
production, which is a by-product of the former. At the same time, affordable labor in China and India is
also promoting the market. Demand for telecommunication services in the remote locations and high
growth in infrastructures to support connectivity in various industrial sectors are providing the regional
market much-needed traction.