The investment in digital transformation and hybrid work initiatives continued to drive the network security market across both traditional hardware-based and more modern cloud-delivered network security solutions,” said Mauricio Sanchez, Research Director, Network Security, and SASE & SD-WAN at Dell’Oro Group

Thanks to a robust competitive environment and ongoing subsidization efforts, investments in new fiber broadband networks and equipment continue to grow,” said Jeff Heynen, Vice President with Dell’Oro Group.

North America’s continued upward trend in 3Q22 was driven by SPs upgrading networks to gain the advantages of 400 Gbps technologies and expanding their networks to accommodate growing traffic. Demand for network capacity continues to increase, driven by 5G, IoT, pervasive video, and other technology trends,” said Ivaylo Peev, Senior Analyst at Dell’Oro Group.

“While commercial Open RAN revenues continue to surprise on the upside, the underlying message that we have communicated now for some time now has not changed and remains mixed,” said Stefan Pongratz, Vice President with the Dell’Oro Group.