The Emergence of Internet of Things In The Global Communications Hardware Market

Companies Included: CISCO, Apple, Ericsson, Samsung Electronics, Huawei

Businesses in the communications hardware industry manufacture telephone apparatus and broadcasting and wireless communications hardware. It includes wired and wireless communication hardware equipment.

Communications hardware is the hardware used for telecommunications. Since the 1990s the boundary between telecoms hardware and IT hardware has become blurred as a result of the growth of the internet and its increasing role in the transfer of telecoms data.

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The global communications hardware market has been growing in the past years with a CAGR of almost 11%. The year 2017 recorded growth in this market with a net market value more than 33% higher than that of 2013, as per TBRC’s in-house consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the global communications hardware market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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The Internet of Things (IoT) is emerging as the next big trend in the computers market with the ability to create an impact across the business spectrum. The Internet of Things merged the physical and online worlds to open up to a host of opportunities for companies, governments and consumers. The IoT is a complex ecosystem with multiple players such as device vendors, communication service providers, software vendors and IT service providers. For example, The August Smart Lock uses the Internet of Things platform to automatically lock and unlock the front door of a user’s residence, and can also remotely grant access to guests, friends or staff.

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Companies included in the report are CISCO, Apple, Ericsson, Samsung Electronics, and Huawei.

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