Samsung may take 4th place in the network equipment market by the end of 2020

And now the South Korean company has a chance to prove its claims to leadership in the field of telecommunications technologies since it can take fourth place in the network equipment market in 2020.

According to the latest data from TrendForce, Samsung has an estimated 8.5% network equipment market share this year, up 2% from 2019. After successfully deploying 5G networks for KT, LG Uplus, and KT in South Korea, the South Korean company’s network business is booming. Samsung has received contracts for the supply of equipment for US telecom operators such as AT&T, Sprint, and Verizon, as well as an order from the Canadian operator TELUS.

Despite the increase in market share, Samsung still ranks fourth in the global market, dominated by Chinese and European players. Huawei is expected to overtake Ericsson as the world’s largest supplier of mobile base station equipment with a 25.8% share. As for the network equipment market, it is reported that Ericsson and Nokia will be able to get a share of 26.5% and 22% respectively.

The lifestyle changes and the shift to telecommuting for many companies are expected to drive further growth in the 5G market due to the coronavirus pandemic. Samsung is already expanding its presence in the 5G network equipment market and improving its technologies. The company recently began offering 5G virtual networks to operators to improve cost-effectiveness and simplify network load management. The company also developed a way to use artificial intelligence and drones to keep 5G towers up and running.