5G MCN growth rate stalled out for the first time, declining 8% in 2Q 2024. #pressrelease
August 21, 2024
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 2Q 2024 Mobile Core Network (MCN) market cratered 15 percent year-over-year (Y/Y), marking a historic low point in growth. The 5G MCN market growth stalled for the first time, declining 8 percent Y/Y in 2Q 2024.
Additional highlights from the 2Q 2024 Mobile Core Network and Multi-Access Edge Computing Report include:
The remaining markets declined: the 4G MCN market (-29 percent Y/Y) and the VoLTE/VoNR market (-7 percent Y/Y) in 2Q 2024.
As expected, the primary Chinese vendors (ZTE and Huawei) had the lowest MCN growth rates in 2Q 2024, followed by Nokia and Ericsson. These top four vendors accounted for more than 85 percent of the market.
Vendor rankings remained the same for 2Q 2024: Huawei, Ericsson, Nokia, and ZTE.
Read the full press release here.
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