Thanks to the fact that China is actively deploying 5G networks.Chinese telecommunications equipment suppliers Huawei and ZTE have achieved an increase in their share in the global market. This growth is mainly driven by China.
Analysts note that the companies are actively supplying their equipment to Chinese mobile operators. China became one of the first countries to offer commercial 5G networks. Operators are working hard to increase the speed of 5G.
Huawei, Nokia, Ericsson, ZTE, Cisco, Ciena and Samsung are the largest telecom equipment suppliers in the world. In the third quarter of this year, Huawei took first place and 30% of the global market. A year earlier, the company held 28%. ZTE also posted 2 percentage points growth from 9% in the third quarter of 2019 to 11% in the third quarter of this year.