Telecom Equipment Market Booms with Advanced Tech and Digital Growth By CIOTechOutlook Team

Telecom Equipment Market Booms with Advanced Tech and Digital Growth

CIOTechOutlook Team | Saturday, 17 August 2024, 02:06 IST

The Telecom Equipment Market is experiencing significant expansion because of the increased utilization of advanced communication technology. The rapid growth can be attributed to the rise in digital technology usage. Additionally, expanding the number of TV and radio broadcasters and enhancing line-based communication equipment are other measures to boost telecommunications revenue and market.

The industry has greatly benefited from the expansion of radio and TV broadcasting, as well as the presence of popular social media platforms for interaction. Furthermore, a separate concern is the rise in the utilization of 4G and LTE networks.

The market's notable progress is attributed to the advanced network provider. Furthermore, the rise in need for specific telecom cabling gear because of the significant increase in cell tower numbers is expected to be driven by the growing demand for 5G technology.

Additionally, companies are anticipated to reach the goal and qualify for government incentives worth up to Rs 400 crore. Nokia, Jabil, Sanmina, HFCL, VVDN, Coral, and Tejas Networks are among the numerous companies in the industry.

The government has made numerous attempts to enhance the technical infrastructure supporting the PLI scheme. Emails received from the new businesses indicate that every order has been postponed until the 5G announcement.