“With public MBB investments slowing, the expectations with new growth opportunities such as Fixed Wireless Access and private wireless are rising,” said Stefan Pongratz, Vice President at Dell’Oro Group.

“The Network Security market’s performance in 2Q 2024 reaffirms the enduring shift towards cloud-centric architectures. The firewall segment serves as a microcosm of this transformation. While overall firewall revenue grew modestly at 2 percent, virtual firewalls surged by 22 percent as physical firewall sales struggled…” said Mauricio Sanchez, Sr. Director, Enterprise Security and Networking at Dell’Oro Group.

“While WLAN revenues dropped significantly Y/Y,  the fact that 2Q registered the first Q/Q growth in a year is a positive sign for the industry,” said Siân Morgan, Research Director at Dell’Oro Group.