“The global upswing that began in the second half of 2018 has become deeper and stronger, propelling the overall RAN market to continue to surprise on the upside, “ said Stefan Pongratz, Vice President and analyst with the Dell’Oro Group. “Even with the market surprising on the upside, we believe that there is room for expansion over the near term as the early adopters continue to roll out 5G at an extraordinary pace, resulting in a more upbeat 5-year outlook relative to our last forecast,” continued Pongratz.

In general, we believe the hype around private wireless is more warranted this time around relative to previous enterprise small cell hype cycles, reflecting progress with the five key components — spectrum, technology, awareness, cloud players, and use cases,” said Stefan Pongratz, Vice President at Dell’Oro Group.

“The market has returned to pre-pandemic levels, and we saw the strongest rebound in North America, followed by Europe and parts of the Asia Pacific region,” said Shin Umeda, Vice President at Dell’Oro Group. “Service providers are proceeding with the critical network technology upgrades that were delayed last year, and that bodes well for the remainder of this year,” added Umeda.