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The global RAN market declined in Q3 – Dell'Oro Group
Analyst firm says the RAN market, having peaked in 2021, is on track to decline in 2023 and 2024. #pressrelease
November 16, 2023
1 Min Read
REDWOOD CITY, Calif. – According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, the dividends once reaped from the 5G surge in RAN (Radio Access Network) revenues are now a distant memory. Following a remarkable 40 percent to 50 percent increase between 2017 and 2021, global RAN revenues witnessed a second consecutive quarter of steep declines in 3Q 2023, primarily driven by reduced RAN investments in North America.
Additional highlights from the 3Q 2023 RAN report:
Top RAN suppliers in 3Q 2023 include Huawei, Ericsson, Nokia, ZTE, and Samsung.
Ericsson and Nokia are gaining revenue share outside of North America.
In the quarter, worldwide RAN revenues excluding North America recorded a third consecutive quarter of growth.
The developments in the quarter are not impacting the RAN trajectory. The RAN market, having peaked in 2021, is on track to decline in 2023 and 2024. While the pace of the decline is expected to moderate in 2024, conditions will remain challenging as the pendulum swings towards the negative in India.
Read the full press release here.
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