Visiongain has published a new report on Broadband Access Equipment Market Report to 2031: Forecasts By Connectivity (Wireline, Wireless), By Equipment (Cable, DSL {ADSL, SHDSL, VDSL, Others}, PON {BPON, EPON, GPON, Others}), By End-Use (Residential, Commercial). PLUS, Profiles of Broadband Access Equipment Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.

Global broadband access equipment market was valued at US$ XX billion in 2019 and is projected to reach a market value of US$ XX billion by 2031.

Increasing Demand for high-speed Internet and advancements in wireless technologies are the factors driving the growth of broadband access equipment market. The market seeks growth opportunities from Competition from 4G LTE and 5G technologies and high cost of developing broadband equipment. However, the advancements in broadband access equipment and rising Internet traffic are some of the factors hampering the market growth during the forecast period.

COVID-19 Impact on Broadband Access Equipment Market
The coronavirus outspread has affected the businesses and livelihood of the people at an unprecedented rate. The nationwide lockdown imposed by the governments of all the countries led to shutting down of the on-premise business process and manufacturing facilities which impacted the production of broadband access equipment. Moreover, disruptions in the supply chain owing to the trade restrictions have further impacted the market tremendously. The increase in consumption of Intenet technologies during the lockdown created a huge demand for broadband access equipment. However, the market witnessed a demand-supply gap. The virus had a significant impact on the sales of the business. Also, the economic downturn has restricted the enterprises on minimizing the spend on R&D activities and IT activities, which is further expected to hamper the market growth. The market is expected to gain traction by the Q1 2021.

Market Drivers

Increasing Demand for High-Speed Internet
Rising penetration of Internet-based services and high-end smartphones have driven the growth of Internet consumption. The consumers are demanding high-speed Internet connectivity to enjoy seamless and reliable Internet connectivity, thereby driving the demand for broadband connectivity. Moreover, the rising demand for online educations, work from initiatives, e-commerce services, and OTT services; also demands high-speed connectivity, thereby driving the growth of broadband equipment market.

Advancements in Wireless Technologies
Wireless communication technologies have undergone tremendous changes over the years. Consumers have switched from wireline to wireless technologies owing to enhanced communication the enhanced communication experience. Technologies such as Wi-Fi, Mobile Wireless, LTE, and Satellite, among others, are witnessing increasing among others; thereby creating a demand for broadband access equipment for efficiently transmitting the data over the Internet.

Market Opportunities

Advancements in Broadband Access Equipment
Key market players are continually focussing on advancing its broadband access equipment portfolio for strengthening its market position and obtaining a competitive advantage in the market. Consumers are demanding miniature device. The manufacturers are focusing on reducing the size of the device while increasing energy and power efficiency. The players are also focusing on developing cost-effective systems and developing features to support high-speed Internet connectivity. Thus, the advancements in broadband access equipment is expected to create opportunities for market growth.

Rising Internet Traffic
The number of connected devices is growing at a tremendous rate. According to a study by Cisco Systems Inc., the number of devices connected to internet protocol (IP) network will be three times the global population estimated to reach 29.3 billion network devices by 2023. The IoT and M2M technology require a high speed, stable and reliable communication network with high bandwidth for the data transmission. 5G is expected to offer speed up to 10 times faster when compared to the 4G LTE network to allow seamless communication and data transfer rate, thereby driving the demand for 5G networks. The adoption of connected devices, smartphones, and advanced communication technologies is expected to create massive data traffic, creating opportunities for the broadband access equipment market.

Competitive Landscape
The broadband access equipment market is highly competitive. The key market players are highly focused on the research and development activities to develop broadband access equipment. Furthermore, the companies also emphasize collaborations and strategic acquisitions strategies to strengthen its position in the market. Some of the companies profiled in the report include Samsung Electronics, ZTE Corporation, Tellabs, Huawei Technologies, Cisco Systems, Ericsson, Fujitsu, Nippon Electric Company, Allied Telesis, and Alcatel Lucent.

October 2019, ZTE Corporation launched a hybrid home gateway named 5G+VDSL2. The new device supports several access technologies, such as 5G, VDSL2, PON and Ethernet WAN and is designed to provide operators with multiple broadband evolution solutions and help them build super high-performance networks.

Notes for Editors
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