Telecom Gear Market Sees Continued Decline: Dell'Oro
Based on preliminary findings, the telecom equipment market declined 16% year over year in Q2, “recording a fourth consecutive quarter of double-digit contractions,” Dell’Oro Group said in a new report. “Helping to explain the abysmal results are excess inventory, weaker…
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demand in China, challenging 5G comparisons, and elevated uncertainty,” the report said. China saw a 17% market downturn, but Chinese gear makers Huawei and ZTE are gaining market share, Dell’Oro said. The top seven suppliers in the first half of the year were Huawei, Nokia, Ericsson, ZTE, Cisco, Ciena and Samsung, the report said: “Huawei and ZTE combined gained nearly 3 percentage points of share between 2023 and 1H24.”