San Francisco, 10
September 2018: The U.S. communication equipment market size is expected to reach USD 125.10 billion by
2025, according to a new report by Grand View Research, Inc. The market is
estimated to register a CAGR of 4.7 % during the forecast period. Rising
number of mobile internet users would be the key factor driving the industry
growth. Emergence of 5G and 4G/LTE networks have increased the adoption of
internet-enabled communication devices, thereby fostering the market growth.
The 4G technology has
provided wide coverage and high speed to mobile users that also supports HD
streaming. Moreover, it has been observed that the consumers are prefer the
latest smartphones and other communication equipment, which is also likely to
drive the market. Moreover, popular Bring-Your-Own-Device (BYOD) trend at
workplaces has also increased the demand for wireless equipment.
Major companies such as
IBM Corp.; Cisco Systems, Inc.; and Oracle Corp. have discontinued the
traditional approach of providing smartphones and laptops to employees.
Instead, they are inculcating the BYOD concept allowing the employees to access
their smartphones and laptops to the workplace. Continuous improvements in
technologies and wireless standards that address new applications, usage
scenarios, and deployment costs are expected to fuel the adoption of wireless
equipment.
On the other hand, the
market is witnessing a decline in the fixed-line segment owing to less voice
traffic. Increased adoption of mobile phones has further led to the decline in
sales of fixed-line devices. Additionally, availability of alternative means of
communication, such as Instant Messaging (IM) apps like Facebook Messenger and
WhatsApp, is also contributing to the sluggish growth of this segment.
Access Research Report
of U.S. Communication
Equipment Market@ www.grandviewresearch.com/industry-analysis/us-communication-equipment-market
Further key findings from the study suggest:
· The mobile segment is expected to witness
the fastest growth over the forecast period as a result of increasing number of
smartphone users in the country
· Growing need for efficient and faster
communication networks has encouraged customers to switch to wireless
equipment. Thus, the fixed-line segment may witness a decline over the forecast
period
· The key players in the industry include
Apple, Inc.; Samsung Electronics Co. Ltd; LG Electronics, Inc.; and Lenovo
Group Ltd.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/consumer-goods
Grand View Research has
segmented the U.S. communication equipment market on the basis of product:
U.S. Communication EquipmentProduct Outlook (Revenue, USD
Billion, 2014 - 2025)
·
Mobile
·
Fixed-line
Access Press Release of
U.S. Communication Equipment Market@ www.grandviewresearch.com/press-release/us-communication-equipment-market-analysis
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research
reports, customized research reports, and consulting services. To help
clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
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