The rising adoption of Internet of Things (IoT) devices across industries is fueling demand for advanced telecom equipment that can handle the increased data traffic, Says SNS Insider.

“According to SNS Insider Research, The Telecom Equipment Market size was estimated at USD 718.30 Billion in 2023 and is expected to reach USD 1033.03 Billion by 2032 at a CAGR of 4.12% during the forecast period of 2024-2032.”