Industry News
RAN market declines but there is still hope
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Author : JIUZHOU
Update time : 2024-08-23 09:09:16
In the second quarter of 2024, global RAN revenues fell at a double-digit rate year-on-year for the fourth consecutive quarter.
According to a recent report released by Market Research Group, preliminary findings show:
1. Radio Access Network (RAN) market conditions remain challenging.
2. Global RAN revenues fell at a double-digit rate year-on-year for the fourth consecutive quarter
3. Some markets performed better, with growth in three of the six tracking regions.
Market Research Group Vice President and Analyst said:
"Even if the RAN market continued to decline at a double-digit rate in the first half of the year."
"But the second quarter saw some glimmers of hope, that is, the bottom of the double-digit decline cycle may now be temporarily over."
"This does not change the fact that the RAN market is expected to decline at a compound annual growth rate of 2% over the next five years."
"But the rate of decline should ease."
Other highlights of the second quarter RAN report in 2024:
1. Total RAN revenues are basically in line with expectations.
2. The supplier rankings shown in the report remain basically unchanged.
3. The short-term forecast for RAN remains largely unchanged since the 5-year forecast update. Global RAN outside of China is expected to decline by 8% to 12%.
According to a recent report released by Market Research Group, preliminary findings show:
1. Radio Access Network (RAN) market conditions remain challenging.
2. Global RAN revenues fell at a double-digit rate year-on-year for the fourth consecutive quarter
3. Some markets performed better, with growth in three of the six tracking regions.
Market Research Group Vice President and Analyst said:
"Even if the RAN market continued to decline at a double-digit rate in the first half of the year."
"But the second quarter saw some glimmers of hope, that is, the bottom of the double-digit decline cycle may now be temporarily over."
"This does not change the fact that the RAN market is expected to decline at a compound annual growth rate of 2% over the next five years."
"But the rate of decline should ease."
Other highlights of the second quarter RAN report in 2024:
1. Total RAN revenues are basically in line with expectations.
2. The supplier rankings shown in the report remain basically unchanged.
3. The short-term forecast for RAN remains largely unchanged since the 5-year forecast update. Global RAN outside of China is expected to decline by 8% to 12%.
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