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Optical Transport Equipment Market Forecast to Decline in 2024, According to Dell'Oro Group
Saturday, June 1, 2024
Excess Inventory and Uncertain Macroeconomic Conditions Holding Market Down
REDWOOD CITY, Calif., May 24, 2024 /PRNewswire/ -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, the Optical Transport equipment market declined 13 percent year-over-year in 1Q 2024 and is now predicted to decline for the full year 2024.
"Customer's excess inventory of DWDM systems continued to be at the center stage of the Optical Transport market decline in the first quarter of 2024," said Jimmy Yu, Vice President at Dell'Oro Group. "However, we think the steeper-than-expected drop in optical transport revenue in 1Q 2024 may have been driven by communication service providers becoming increasingly cautious about the macroeconomic conditions, causing them to delay projects into future quarters," added Yu.
Additional highlights from the 1Q 2024 Optical Transport Quarterly Report:
-- The Optical Transport market is forecast to decline by 2 percent in 2024
due to customers working through inventory and exercising controlled
capital spending in an uncertain economic environment.
-- The DWDM market declined in most parts of the world. The largest
declines were in North America and parts of Asia Pacific. The only two
markets that grew year-over-year were China and the Middle East and
Africa (MEA) region. China grew 8 percent and MEA grew 16 percent.
-- Three vendors--Cisco, Huawei, and ZTE--gained more than 1 percentage
point of market share in 1Q 2024 compared to the year ago period.
About the Report
The Dell'Oro Group Optical Transport Quarterly Report offers complete, in-depth coverage of the market with tables covering manufacturers' revenue, average selling prices, and unit shipments (by speed up to 1.2+ Tbps). The report tracks DWDM long haul, WDM metro, multiservice multiplexers (SONET/SDH), optical switch, optical packet platforms, data center interconnect (metro and long haul), and disaggregated WDM. To purchase this report, please contact us at dgsales@delloro.com.
About Dell'Oro Group
Dell'Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, security, enterprise networks, and data center infrastructure markets. Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions. For more information, contact Dell'Oro Group at +1.650.622.9400 or visit https://www.delloro.com.
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SOURCE Dell'Oro Group
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