Worldwide telecom and datacom equipment revenues totaled $153.8bn in 2009, and is expected to increase to $208.3bn in 2014, according to a new report by Infonetics Research.
Infonetics Research said of the11 major categories of enterprise and service provider equipment and software that it tracked, only IPTV and video, and next gen OSS and policy have registered growth.
The telecom/datacom market in the EMEA region (Europe, Middle East, Africa) was the hardest hit by the recession in 2009, with spending in Asia Pacific surpassing spending in EMEA for the first time.
The report said that Cisco continued to lead in the enterprise segment of the telecom and datacom network equipment market, and is now fifth in the service provider segment, while Ericsson, Huawei, ZTE and NEC are the only vendors to increase their market share in 2009.
Jeff Wilson, principal analyst at Infonetics Research, said: "Businesses and service providers around the globe are starting to spend again on telecom and datacom equipment and software in 2010, and indications right now are that spending will accelerate through 2011 as the global economy stabilises.
"Long-term growth in telecom product spending through 2014 will be fueled by a wide variety of segments, from data centre infrastructure and security in the enterprise, to broadband CPE and next gen OSS and policy software on the service provider side."
