The Business Research Company’s 3G Infrastructure Equipment Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, January 19, 2024 /EINPresswire.com/ — The 3G infrastructure equipment market has witnessed substantial growth, surging from $33.76 billion in 2023 to an estimated $35.51 billion in 2024, showcasing a commendable compound annual growth rate (CAGR) of 5.2%. Projections for the coming years indicate strong growth, with expectations to reach $43.94 billion by 2028, maintaining a solid CAGR of 5.5%.

Driving Forces: Proliferation of Mobile and Wireless Devices

The remarkable expansion of the 3G infrastructure equipment market is underpinned by the growing global prevalence of mobile and wireless devices. The escalating number of mobile connections, as reported by Uswitch Limited, demonstrates a 3.8% increase, reaching 71.8 million in the UK alone. This surge is mirrored globally, with 22.2 billion devices connected via WLAN worldwide by 2021. The profound reliance on mobiles and the internet has fueled a surge in mobile and wireless devices, thereby driving the 3G infrastructure equipment market.

Smart City Initiatives Fueling Market Growth

Another pivotal driver propelling the 3G infrastructure equipment market is the rising number of smart city projects, particularly in developing nations. The implementation of information and communication technology (ICT) in these projects aims to enhance efficiency, sustainability, and the overall quality of life in urban areas. The IMD Smart City Index Report indicates a significant increase in the number of smart cities from 118 in 2021 to 141 in 2023. This surge in smart city initiatives in developing nations is expected to be a major growth catalyst for the 3G infrastructure equipment market.

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Innovative Solutions and Market Leaders

Major players shaping the 3G infrastructure equipment market include Huawei Technologies, Cisco Systems, Fujitsu Limited, Nokia Corporation, and Qualcomm Incorporated, among others. These industry leaders continue to drive innovation and technological advancements to meet the evolving demands of the market.

Inflight Connectivity: Elevating Customer Satisfaction in Air Travel

A noteworthy trend influencing the 3G infrastructure equipment market is the rising adoption of inflight connectivity by airline companies. In an era where passengers consider internet speed and data usage charges among their top considerations when choosing an airline, inflight connectivity becomes a pivotal factor. A survey conducted by Mark Allen Group reveals that 83% of passengers express a higher likelihood of rebooking an airline providing quality in-flight Wi-Fi. The increasing competition between airlines to enhance customer satisfaction is driving the trend of inflight connectivity.

Regional Dynamics: Asia-Pacific at the Helm

In 2023, Asia-Pacific emerged as the largest region in the 3G infrastructure equipment market, and it is anticipated to maintain its position as the fastest-growing region during the forecast period. The comprehensive market report covers regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Segmentation Insight: Types, Products, and End Users
1) By Type: Wireless Infrastructure, Wired Infrastructure
2) By Product: Public Switching Equipment, Analog Equipment, Digital equipment, Transmission Equipment, Transmission Lines, Base Transceiver Stations, Multiplexers, Communication Satellites, Other Products (Customer Premises Equipment, Private Switches, Modems, Routers)
3) By End User: Consumer Electronics, BFSI, Defense, Media, Other End-Users

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3G Infrastructure Equipment Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The 3G Infrastructure Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on 3G infrastructure equipment market size, 3G infrastructure equipment market drivers and trends, 3G infrastructure equipment market major players, competitors’ revenues, 3G infrastructure equipment market positioning, and 3G infrastructure equipment market growth across geographies. The 3G infrastructure equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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