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global telecom equipment market faces steep decline amid 5G challenges and tariffs

In 2024, the global telecom equipment market experienced an 11% revenue decline, the steepest in over 20 years, driven by excess inventory, macroeconomic challenges, and slow 5G adoption. Huawei emerged as the leading supplier with 31% market share, while Nokia and Ericsson followed. Despite the downturn, market conditions are expected to stabilize in 2025, though challenges remain.
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Business & Industry, Market Report
20:14 20.03.2025
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