China’s telecom equipment providers Huawei and ZTE have achieved their respective global market share growth in the telecom network market. This growth is mainly driven by its home country China and its 5G network.
For those who don’t know, Huawei, Nokia, Ericsson, ZTE, Cisco, Ciena and Samsung are the top seven telecom equipment providers in the world.
In the third quarter of this year, Huawei ranked first with a market share of 30%, an increase from 28% in the same period in 2019. Similarly, ZTE also increased by 2% from 9% in the third quarter of 2019, and increased to 11% in the third quarter of this year.
The main reason for the market share growth is obviously due to both companies’ commitment to providing 5G infrastructure in China.
The country is one of the first countries to provide commercial 5G, and has been working hard to increase its adoption rate and coverage to adapt to newer and faster bandwidths.
However, according to TelecomeLead’s report, during the same period, other major telecom equipment providers, such as Nokia and Samsung, lost their market share.
Except for the Chinese companies, most other companies experienced a decline in the third quarter of 2020, with Samsung’s market share falling from 3% to 2%.
In addition, the share of Nokia, the second largest network equipment provider, has dropped from 16% in 2019 to 14% in 2020.
During this period, neither Ericsson nor Ciena saw ups and downs, and their market shares were stable at 14% and 3%, respectively. Although, Cisco also dropped from 7% to 6% in the third quarter.