Growth in mobile broadband and IoT drives the Mobile Core Network market. In 2020, we will see the launch of the 5G Core for 5G Standalone networks. The 4G Evolved Packet Core is expected to peak in 2022 and then the 5G Core will continue the growth,” observed David Bolan, Senior Analyst, at Dell’Oro Group. “By 2024, the 5G Core will represent about 50 percent of Wireless Packet Core revenues,” continued Bolan.
We expect the overall SP Router market to grow at modest, low single-digit rates over the next five years, but there are network use cases such as mobile backhaul and backbone transport that will surge due to the uptake of 5G and cloud services, respectively,” said Shin Umeda, Vice President at Dell’Oro Group.
Wireless LAN market sales have slowed which correlates with the reduced economic outlooks from leading world banks,” said Tam Dell’Oro, Founder and CEO of Dell’Oro Group. “We are seeing softness in North America and Europe, two regions which economists have reduced GDP growth forecasts.
Sales of cable broadband access equipment will decrease with a 2 percent CAGR from 2019 to 2024. The virtualization of network infrastructure, which is already playing out in the cable market, will extend to other equipment areas, thereby reducing traditional hardware revenue.
Dell’Oro Group, the trusted source for market information about the telecommunications, networks, and data center IT industries, is pleased to announce the appointment of Mr. Mauricio Sanchez to the role of Research Director, Network Security, effective immediately