通訊網路基礎設施(Telco NI)市場:2022年，Telco NI供應商的成長率與前一年同期比較降低2％:根據105份供應商報告的初步結果表明，電信支出在5G/COVID飆升後趨於平穩，供應鏈問題正在緩解

本報告提供全球通訊網路基礎設施(Telco NI)市場相關調查，市場概要，以及2022年第四季的供應商調查結果，供應鏈趨勢，設備投資預測等相關資訊。

目錄

彙整

2022年第四季的Telco NI供應商的結果(快報)

• 臨時性的資料集中，2022年的收益與前一年同期比較成長率是+2％，不過，第四季是-1％

供應鏈的規定緩和

通訊設備投資預測

Telco NI涵蓋範圍的強化

預備資料庫相關注意事項

附錄

This brief provides a snapshot of preliminary 2022 results for the telco network infrastructure (Telco NI) market. It discusses demand and supply trends in Telco NI based on revenue reports and estimates for 105 active vendors, representing about 75% of the market. Telco NI's giant, Huawei, has yet to report.

In the last few months, MTN Consulting has noted that network spending was starting to flatten in the telco segment. In 3Q22, telco capex dipped 5% YoY, the first decline since 4Q20. The vendor market also weakened in 3Q22, as Telco NI vendor revenues grew just 2% after seven straight quarters of much stronger growth. Now we have a solid set of preliminary results for 2022's final three months, 4Q22. For the 105 vendors available, Telco NI revenues fell by 1% YoY in 4Q22; this is the first decline for this group of Telco NI vendors since 2Q20, when COVID shut down economies. For CY2022, Telco NI grew just 2% YoY, down from +9% in 2021, when telcos splurged post-COVID, and the 5G RAN market saw a nice run-up. Among the larger reporting vendors, the best 4Q22 Telco NI growth was recorded at the three cloud providers (AWS, Azure, and GCP); engineering services companies Dycom and MasTec; NEPs Calix, Ciena, Samsung, and Technicolor (now Vantiva). New vendor Rakuten Symphony recorded the best overall growth rate in 4Q22, with revenues of $180M up 193% YoY. On the other side, Cisco, Ericsson, and ZTE saw the worst declines in 4Q22, due in part to a downswing in spend among their largest customers.

For the overall market, some of the decline seen in 4Q22 was inevitable, as telcos slow down their initial 5G network buildouts. Other negatives include higher interest rates, higher energy costs, weak economic growth, cloud alternatives to network builds, and 5G's inability to deliver services revenue growth. Revenue guidance for 2023 from key vendors suggests a flat to slightly down market, as telcos absorb capacity and continue to wrestle with these challenges. Capex guidance from telcos is consistent.

Companies Mentioned:

Table of Contents

Summary

Telco NI vendor results for 4Q22 (prelim)

• For preliminary dataset, YoY revenue growth in 2022 was +2%, but -1% in 4Q

Supply chain constraints easing

Telco capex outlook

Enhancements to our Telco NI coverage

A note on the preliminary database

Appendix

List of Figures

• Figure 1: YoY growth in Telco NI vendor revenues (all companies vs. group of 105 reporting already)
• Figure 2: YoY % change in Telco NI revenues in 4Q22 for select vendors*
• Figure 3: YoY USD change in Telco NI revenues in 2022 for select vendors*
• Figure 4: Corporate revenues per employee for key Telco NI vendors*
• Figure 5: R&D expenses as % of revenues for key Telco NI vendors*