Global telecoms kit market slides as carriers stop spending
And the picture remains gloomy into 2024.
New figures from Dell'Oro show a 5% year-on-year slide in the around US$100 billion market, a worse performance than it had expected, driven amongst other things by a slowdown in 5G and home broadband investments, as well as macroeconomic trends and the remains of a post-Covid hangover.
The news comes as something of a surprise, the analyst firm having reported 2% market growth in the first half of the year, albeit with Q2 coming in flat. Further, the slide follows five consecutive years of growth, the analyst firm said.