Telecom Industry Vendor Performance Report 2024: Telco NI Vendor Revenues Down 9.7% YoY, Market Contracts Despite Huawei's Rebound
Dublin, Oct. 02, 2024 (GLOBE NEWSWIRE) -- The "Telecom's Biggest Vendors" report has been added to ResearchAndMarkets.com's offering.
The goal of this report series is to equip telecom industry decision-makers with a comprehensive view of spending trends and vendor market power in their industry. To do this we assess technology vendors' revenues in the telecom vertical, across a wide range of company types and technology segments. We call this market "telco network infrastructure", or "Telco NI."
This study tracks 134 Telco NI vendors, providing revenue and market share estimates for the 1Q13-1Q24 period. Of these 134 vendors, 110 are actively selling to telcos; most others have been acquired by other companies in the database. For instance, ADVA is now part of Adtran, but both companies remain in the database because of historic sales.
Below are the key highlights of the report:
Revenues: Telco NI vendor revenues were $48.6B in 1Q24 and $208.3B for the annualized 1Q24 period overall, down 8.1% and 9.7% on a YoY basis, respectively. Excluding Huawei, the total market declined by 10.5% in the latest single quarter and by 10.7% in annualized 1Q24 on a YoY basis. After many disappointing quarters, Huawei appears to have turned a corner in the latest two quarters.
Top vendors: The top three Telco NI vendors remain the usual trio: Huawei, Ericsson, and Nokia. They account for 37.4% of the total market in annualized 1Q24, or 34.1% in 1Q24 alone. ZTE and China Comservice have been jostling for the 4th and 5th positions since early 2019.
Key vendors by YoY revenue growth: The top three vendors, in terms of YoY revenue growth, are common to both single quarter and annualized 1Q24: Tejas Networks, Broadcom, and Alphabet. Broadcom's jump is due largely to the acquisition of VMWare, which closed in Nov 2023.
Spending outlook: Per our latest official forecast, we expect telco capex - the main driver of the Telco NI market - to dip from $315B in 2023 to between $295B-$305B. Capex will start to rise again in a couple of years, reaching $331B in 2028. The spending outlook for the US market is appealing in the short-term due to government funding (BEAD and RDOF).
Key Topics Covered:
Report Highlights
SUMMARY - Results commentary
Telco NI Market - Latest Results
TOP 25 VENDORS - Printable tearsheets
CHARTS - Single vendor snapshot
CHARTS - 5 vendor comparisons
R&D spending by vendors
RAW DATA - revenue estimates by company
Methodology & Assumptions
About the Publisher
Partial List of Figures
Annualized Telco NI vendor revenues ($B) vs. YoY growth in annualized sales
YoY growth in annualized Telco NI market, with and without Huawei figures
All vendors, YoY growth in single quarter sales
Telco NI vendor revenues by company type, TTM basis (US$B)
Telco NI revenues by company type: YoY % change
Telco NI revenue split: Services vs. HW/SW
Telco NI sales of top 10 vendors vs. all others, 1Q24 TTM (annualized)
Top 25 vendors based on annualized Telco NI revenues through 1Q24 ($B)
Top 25 vendors based on Telco NI revenues in 1Q24 ($B)
Key vendors' annualized share of Telco NI market
Telco NI market share changes, 1Q24 TTM vs. 1Q23 TTM
Telco NI annualized revenue changes, 1Q24 vs. 1Q23
YoY growth in Telco NI revenues (1Q24)
Top 25 vendors in Telco NI Hardware/Software: Annualized 1Q24 Revenues (US$B)
Top 25 vendors in Telco NI Services: Annualized 1Q24 Revenues (US$B)
R&D spending as a percent of revenues for key telco-focused vendors (1Q22-1Q24)
Companies Featured
3M
A10 Networks
Accenture plc
Accton Technology
ADTRAN
ADVA Optical Networking
Affirmed Networks
Airspan
Akamai
Alcatel-Lucent
Allied Telesis
Allot Communications
Alphabet
Altran Technologies
Amazon
Amdocs
Amphenol
Anritsu
Arista Networks
ARRIS International
AsiaInfo Technologies
Atos Origin
Audiocodes
Avaya
Aviat Networks
Beijing Xinwei
Broadcom Limited
BroadSoft, Inc.
Brocade Communications Systems, Inc.
CA Technologies
Calix
Capgemini
Casa Systems
Ceragon Networks
Check Point Software
China Comservice
Ciena Corporation
Cisco Systems
Citrix Systems
Clearfield
Comarch
Comba Telecom
CommScope Holding
Commvault Systems
Comptel
Coriant
Corning
CSG
Cyan
DASAN Zhone
Datang Telecom Technology
Dell Technologies
DragonWave Inc.
DXC Technology (aka CSC)
DyCom Industries
Dynatrace
ECI Telecom
Ericsson
EXFO Inc
Extreme Networks
F5 Networks
Fiberhome
Fortinet
Fujikura
Fujitsu Limited
Furukawa Electric
General Cable
Harmonic Inc.
HCL Technologies
Hengtong Optic-electric
Hitachi
HPE
Huawei
Huber+suhner AG
IBM
Infinera
Infosys
Inseego
Intel
Italtel
ITOCHU Techno-Solutions Corporation
Juniper Networks
Kathrein
Kudelski
Kyndryl Holdings
Lenovo
MasTec
Mavenir
Metaswitch
Microsoft
Mitsubishi Electric
NEC Corporation
Net Insight
Netcomm
NetScout Systems
Nexans
Nokia
Nutanix
Openet
OPTIVA
Oracle
Pace plc
Palo Alto Networks
Prysmian
Radcom
Radisys
Radware
Rakuten Group
Red Hat
Ribbon Communications
Ruckus Wireless
Samsung Electronics
SAP SE
SeaChange International, Inc.
Sopra Steria
Spirent Communications
Sterlite Technologies
Subex
Sumitomo Electric
Tata Consultancy Services
TE Connectivity
Tech Mahindra
Technicolor
Tejas Networks
Transmode
Trigiant Group
Ubiquiti
VMWare
Vubiquity
Westell
Wipro
Wiwynn
YOFC
ZTE
For more information about this report visit https://www.researchandmarkets.com/r/x2qb0z
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