Sweden Telecommunication Equipment Market Research Report Forecast to 2030

Sweden Telecommunication Equipment Market Research Report Forecast to 2030
As per MRFR, the Sweden telecommunication equipment market has been growing steadily over the past few years. It is expected to reach USD 3,199.3 million by 2030, at a CAGR of 8.5% during the forecast period, 2022–2030. Telecommunications equipment comprises hardware used mainly for communication purposes. It includes broadband access and home networking, carrier IP telephony, microwave transmission & mobile backhaul, mobile radio access network (RAN), optical transport, routers & carrier ethernet switches, and wireless packet cores.

The growth of the Sweden Telecommunication Equipment market is expected to be driven by key factors such as increased growth of cellular stations, fiber optics, & wireless access points and need for next generation ready network equipment for 5G networks. However, the factors, such as high cost of new product development, are expected to restrict the Sweden Telecommunication Equipment market growth. On the other hand, network demands for applications in IoT and connected devices will create lucrative opportunities for the Sweden Telecommunication Equipment market.

Market Segmentation
The Sweden telecommunication equipment market has been segmented based on offerings, equipment, and end users. The offerings segment is bifurcated into hardware, software, and services. The services sub-segment is again bifurcated into Professional Services and Managed Services. By offerings segment, hardware accounted for the largest market share with a market value of USD 934.1 million in 2021, which is projected to grow at a CAGR of 7.6% during the forecast period. Based on the service sub-segment, Professional Services accounted for the largest market share with a market value of USD 313.4 million in 2021 and is projected to grow at a CAGR of 10.0%. The equipment segment is bifurcated into Wireless Equipment, Fixed Network Equipment, Core Network, Telco Cloud, and Data Center Infrastructure. The Wireless Equipment sub-segment is again bifurcated into 3G,4G, and 5G. Based on the equipment segment, Fixed Network Equipment accounted for the largest market share with a market value of USD 555.3 million in 2021 and is projected to grow at a CAGR of 7.8%. Based on the Wireless Equipment sub-segment, 4G accounted for the largest market share with a market value of USD 312.4 million in 2021. The end-user segment is bifurcated into Consumer Electronics, BFSI, Retail, Media, Defense, and Others. Based on the end-user segment, Consumer Electronics accounted for the largest market share with a market value of USD 452 million and is projected to grow at a CAGR of 8.1%.

Major Players
The key vendors in the market are Huawei Technologies Co., Ltd., Ciena Corporation, Nokia Corporation, ZTE Corporation, Cisco Systems, Inc., FUJITSU, Telefonaktiebolaget LM Ericsson, Qualcomm Technologies, Inc., SAMSUNG, Juniper Networks, Inc., CommScope, Inc., Extreme Networks, Ribbon Communications Operating Company, Inc., NEC Corporation, and ALE International.

Companies Mentioned
Huawei Technologies Co.
Ltd.
Ciena Corporation
Nokia Corporation
ZTE Corporation
Cisco Systems
Inc.
FUJITSU
Telefonaktiebolaget LM Ericsson
Qualcomm Technologies
Inc.
SAMSUNG
Juniper Networks
Inc.
CommScope
Inc.
Extreme Networks
Ribbon Communications Operating Company
Inc.
NEC Corporation
and ALE International.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.