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Telecoms Market May See a Big Move | Bharti Airtel, Verizon, Vodafone Idea

Global Communications Hardware Market Report (2021 to 2030) - COVID-19 Impact and Recovery

Share this article Share this article ResearchAndMarkets.com s offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global communications hardware market as it emerges from the COVID-19 shut down. The global communications hardware market is expected to grow from $625. 11 billion in 2020 to $666. 53 billion in 2021 at a compound annual growth rate (CAGR) of 6. 6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $900. 88 billion in 2025 at a CAGR of 8%.

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