Dell'Oro: Telecom Gear Market Seeing Gains After 2 Years of Declines
After two years of declining investment in telecom equipment, “the pendulum is beginning to shift,” Dell’Oro Group analyst Stefan Pongratz blogged Friday. “Aggregate worldwide telecom equipment revenues across the six programs tracked by Dell’Oro Group … increased by 4% year over year” in the first half of 2025, he wrote. “The improved market conditions were driven by several factors, including easier year-over-year comparisons, inventory stabilization, and favorable currency movements.”
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The mobile core network, optical transport, and service provider router and switch markets led in gains, Pongratz said. Global supplier rankings “remained largely unchanged, though revenue shares shifted modestly as Huawei continued to gain ground” and “Ericsson and Nokia saw slight declines compared with 2024 levels.”