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Landline Phones - Hungary

Hungary
  • Revenue in the Landline Phones market is projected to reach US$17.25m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.27%, resulting in a market volume of US$17.43m by 2028.
  • In global comparison, most revenue will be generated China (US$2bn in 2024).

Definition:

Landline phones are wired telephones that use a physical wire or cable to transmit voice signals over a distance. They have been in use since the late 19th century and have been the primary method of communication for many years. Landline phones are still used in many homes and businesses for their reliability and sound quality. They come in a variety of styles and designs, ranging from traditional corded models to cordless phones that use a wireless signal to communicate with a base station. Additional features such as answering machines, caller ID, and conference call capabilities may also be included.

Additional Information:

The market comprises revenue and revenue change. Figures are generated through both online and offline sales channels and include spending by consumers (B2C) and enterprises (B2B). Key players in the market are companies like Panasonic, Vtech, AT&T and Cisco. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, please use the info button right next to the boxes.

In-Scope

  • Corded landline phones, such as AT&T CL2940 and Panasonic KX-TSC11
  • Cordless landline phones, such as Panasonic KX-TGE232B and AT&T CL82207
  • IP phones, such as Cisco 8800 Series and Yealink T4 Series

Out-Of-Scope

  • Mobile Phones, such as Apple iPhone 13 and OnePlus 9 Pro
  • Standalone answering machines, such as AT&T 1740 and Panasonic KX-T1451
  • Fax devices, such as Brother FAX-2840 and Canon FAXPHONE L100
Phones: market data & analysis - Cover

Market Insights report

Phones: market data & analysis

Study Details

    Revenue

    Notes: Data shown is using current exchange rates. Data shown reflects market impacts of Russia-Ukraine war.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Notes: Data shown is using current exchange rates. Data shown does not yet reflect market impacts of Russia-Ukraine war, we are currently working on an update.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    Devices is one of the biggest IT markets in terms of revenue. It is shaped by various trends, e.g., cloud adoption, 5G or big data, as well as an increasing need of companies and consumers for flexibility and mobility. While digitization progresses, hardware devices are constantly adapted to the up-to-date standards. That is why the Devices market recovers relatively quickly after economic downturns as e.g. seen after the financial crisis of 2008. The strive for innovation powers and restores the whole market.

    Global Comparison

    Notes: Data shown is using current exchange rates. Data shown reflects market impacts of Russia-Ukraine war.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    Data coverage: The data includes business spending (B2B), consumer spending (B2C), and government spending (B2G). The revenue is allocated to the country in which the money is spent at the manufacturer price level (excluding VAT). Modeling approach: Modeling is carried out by implementing a top-down approach with a bottom-up validation. By applying advanced statistical methods, forecasts are made based on historical developments, current trends, and key market indicators. The main drivers are the GDP, the level of digitization, and consumer attitudes toward device usage (e.g., “bring-your-own-device culture:” the use of personal devices for work purposes). The data is modeled in USD using current exchange rates; for the conversion of data from/into local currencies, real exchange rates are used. Further information: Updates are made twice a year if market dynamics change. COVID-19 is considered using country-specific factors.

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    Phones: market data & analysis - BackgroundPhones: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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