3G Infrastructure Equipment Market Scope, Share, Trends Analysis And Forecasts(2024 - 2033)

"The Business Research Company recently released a comprehensive report on the Global 3G Infrastructure Equipment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The 3g infrastructure equipment market size has grown strongly in recent years. It will grow from $33.76 billion in 2023 to $35.51 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to mobile data demand, improved mobile connectivity, technological advancements, regulatory mandates.

The 3g infrastructure equipment market size is expected to see strong growth in the next few years. It will grow to $43.94 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to 4g and 5g evolution, rural and emerging market expansion, iot and m2m connectivity, legacy networks. Major trends in the forecast period include upgrades and optimization, 2g to 3g migration, internet of things (iot) connectivity, network sharing and decommissioning.

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Market Drivers and Trends:

Growing number of mobile and wireless devices worldwide contributed to the growth of the 3G infrastructure equipment market going forward. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. The UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) will own a smart phone. According to the IoT analytics research data, 22.2 billion devices worldwide were connected via WLAN worldwide by 2021. Increased usage of mobiles and dependence on the internet, therefore, resulted in a growing number of mobile and wireless devices worldwide driving the 3G infrastructure Equipment market.

Airline companies are increasingly implementing Inflight connectivity as the consumers are choosing airlines based on internet speed and data usage charges. The ability to use a smartphone during flight travel is among the top three considerations people have when choosing an airline as per research. Inflight connectivity help create an enjoyable inflight experience for passengers by providing entertainment along with airlines having the opportunity to reinvent inflight e-commerce and Inflight advertisement and promotion.. For instance, in September 2023, according to Mark Allen Group, a UK-based publishing company,the survey indicates rising passenger expectations, with 83% expressing a higher likelihood of rebooking an airline providing quality in-flight Wi-Fi and 81% deeming Wi-Fi important, marking a 4% uptick from the 2022 survey. Half of respondents are deterred by paid in-flight Wi-Fi, while 29% are willing to pay extra for Wi-Fi-inclusive tickets. In choosing an airline, free in-flight Wi-Fi has surpassed factors like free food, legroom, and entertainment, ranking at 22%, with demand for free in-flight Wi-Fi surging by 50% in the US, 42% in India, and 35% in Brazil since 2022. Half of passengers worldwide (50%) now expect free Wi-Fi on short-haul flights, and over eight in ten (82%) for long-haul flights. Increasing competition between airlines for providing satisfaction to their customers is driving the trend.

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Major Key Players of the Market:

Huawei Technologies Co. Ltd., Cisco Systems Inc., Fujitsu Limited, NEC Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, Qualcomm Incorporated, ZTE Corporation, Motorola Solutions Inc., Juniper Networks Inc., Ciena Corporation, Alcatel-Lucent Enterprise, Samsung Electronics Co. Ltd., CommScope Holding Company Inc., Corning Incorporated, Mitsubishi Electric Corporation, Indus Towers Limited, ECI Telecom Ltd., LG Corporation, HUBER+SUHNER Group, Extreme Networks Inc., Ribbon Communications Inc., Altiostar Networks Inc., Altran Technologies SA, Check Point Software Technologies Ltd., Fortinet Inc., Palo Alto Networks Inc., Sierra Wireless Inc., Hewlett Packard Enterprise (HPE), Broadcom Inc., Aruba Networks a Hewlett Packard Enterprise company, Avaya Inc., Brocade Communications Systems Inc., H3C Technologies Co. Ltd., Hitachi Ltd., International Business Machines Corporation (IBM), Intel Corporation, Lenovo Group Limited, NETGEAR Inc., Riverbed Technology Inc., NortonLifeLock Inc., TP-Link Technologies Co. Ltd.

3G Infrastructure Equipment Market 2024 Key Insights:

• The 3g infrastructure equipment market size is expected to see strong growth in the next few years. It will grow to $43.94 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
• Proliferation Of Mobile And Wireless Devices Boosts The 3G Infrastructure Equipment Market
• Rising Adoption Of Inflight Connectivity Enhances Airline Competitiveness In Customer Satisfaction
• The Asia-Pacific was the largest region in the 3G infrastructure equipment market in 2023

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