San
Francisco, 14 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.
Full
Research Report On U.S. Communication Equipment Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/us-laboratory-informatics-market
www.grandviewresearch.com/industry-analysis/us-laboratory-informatics-market
Further
key findings from the report 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:
www.grandviewresearch.com/industry/consumer-goods
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 This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/us-communication-equipment-market-analysis
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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