“Even with the elevated baseline and risks surrounding the pandemic and the supply chain increasing, we believe that the RAN market will not only continue to trend upward over the near term, but we are also more optimistic about the long-term 5G prospects,” said Stefan Pongratz, Vice President and analyst with the Dell’Oro Group.

“The cumulative revenue forecast for the period 2022 to 2026 is over $50 billion. The overall revenues and the CAGR have been dampened by the muted uptake in 5G SA networks,” according to Dave Bolan, Research Director at Dell’Oro Group. “5G SA network deployments have not matched the hype, with only 19 networks launched to date,” Bolan continued.

“This quarter’s growth reflects an uncommon alignment between enterprise IT teams asking for more security investment and business leadership willing to do so,” said Mauricio Sanchez, Research Director, Network Security at Dell’Oro Group.

“5G fixed wireless deployments joined fiber as the primary drivers for spending this quarter,” noted Jeff Heynen, Vice President, Broadband Access and Home Networking at Dell’Oro Group. “Despite supply chain constraints and increased costs, operators continue to focus on expanding broadband connectivity,” explained Heynen.