Market revenue declined 33% year-over-year in quarter. #pressrelease
August 21, 2024
According to a recently published report by Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, spending on Service Provider Routers declined sharply in the second quarter of 2024, resulting in a 33 percent year-over-year decline in router equipment revenue.
Additional highlights from the 2Q 2024 Service Provider Router and Switch Report:
Breaking with historical seasonality where market revenue increases in the second calendar quarter over the first quarter, the Service Provider Router market declined quarter-over-quarter in 2Q 2024. The last time such an event occurred was in 2002.
Among the service provider router technology segments, the steepest decline this quarter was in Core Router. Core Router revenue declined over 50 percent year-over-year.
For the first half of the year, the top three vendors by revenue share were Cisco, Huawei, and Nokia. The only vendors in this market to gain more than one percentage point of revenue share compared to last year were Nokia and Huawei.
Read the full press release here.
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