Telecommunication segment acquired the largest market revenue share among all the verticals in the overall Indonesia telecom equipment market – 6Wresearch
Indonesia Telecom Hardware Equipment market is toward the maturity stage in industry life as advanced technologies in telecom equipment are already well established in the country. Moreover, the telecom software equipment market is in the growing stage in industry life cycle on account of the increasing numbers of cellular stations and the demand for next-generation-ready network equipment led by the advent of 5G networks, would substantiate the market growth. Growing numbers of internet users in the country has propelled the demand for high-bandwidth communication and wireless access points which would augment Indonesia telecom equipment market in the future.
According to 6Wresearch, Indonesia Telecom Equipment Market size is projected to grow at a CAGR of 4.5% during 2022-2028. The country's demand for the telecom equipment market is driven by the rising TV broadcasting and social media channels along with an increasing number of smartphone and internet users, have fuelled advancements in security and Internet-based applications. In addition, the Indonesian government has constructed over 348,000 kilometres of land and submarine fibre optic cables along with BAKTI Kominfo, which had more than 12,000 kilometres of National Fiber Optic Backbone Network Palapa Ring in 2020, which has proliferated the telecom equipment market.
According to Vasudha Kaushik, Research Associate, 6Wresearch, “On account of the the outbreak of Covid-19, the market has seen a negligible decline as the telecom hardware equipment market is largely import-dependent and shutdown of production units in countries like China, halted the import and transportation of telecom component which resulted in decline in the sale of telecom equipment. Although, software market has seen a growth owing to fast-forwarded digitization, industrial automation, and work from the home (WFH) trend. Indonesia government along with major telecommunication companies such as Telkom, XL, Indosat and has deployed 5G network technology in Indonesia, the use of 5G has started in 9 cities and it is expected that it will reach across Indonesia by 2024 which would increase the use of telecom equipment in the future.”
According to Eshita Goel, Manager, 6Wresearch, “Indonesia has formed a 5G task force to speed up adoption of 5G in the country, having tried out 5G in the 2019 Asian Games and many other occasions led by local telecommunication firms. the high-speed mobile broadband network in six upscale residential areas including Kelapa Gading and Pantai Indah Kapuk in North Jakarta, Pondok Indah and ministers housing complex Widya Chandra in South Jakarta, and Bumi Serpong Damai and Alam Sutera in Tanggerang by Telkom Indonesia and the company plans to roll out the 5G networks in others cities soon, including Batam, Medan, Solo, Bandung, Surabaya, Makassar, Denpasar and Balikpapan. Thus, with the rising demand and adoption of 5G technologies the telecom equipment market is expected to bolster in the coming years in Indonesia.”
Indonesia telecom equipment market (2022-2028)” report provides an in-depth analysis with 18 figures and 6 tables, covered in 73 pages. The report comprehensively covers the market by offering, infrastructure, end users. Indonesia Telecom Equipment market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.