最大電信廠商（2024年第2季版）：隨著華為的復甦，廠商市場降幅溫和，為3.4%－對下半年成長持謹慎態度

本報告系列的目的是讓電信業決策者全面了解每個產業的支出趨勢和供應商市場力量。因此，我們評估了電信業各種公司類型和技術領域的技術供應商的收入。這個市場被稱為通訊網路基礎設施，這項研究追蹤了 134 家通訊網路基礎設施供應商，並估計了他們從 2013 年第一季到 2024 年第二季的收入和市場佔有率。

視覺

本報告的主要亮點：

• 營收：2024 年第二季度，電信網路基礎設施供應商的收入總計為 533 億美元，年化收入為 2057 億美元，年比分別下降 3.4% 和 8.9%。華為提振市場：剔除華為後，整體市場最近一個季度年減7.3%，年化下降11.2%。華為經歷了一系列疲軟的季度，但在過去三個季度似乎已經出現轉機。
• 主要供應商：前三名的電信網路基礎設施供應商通常是華為、愛立信和諾基亞三巨頭。以年化計算，這些佔 2024 年第二季總數的 37.7%，單期佔 40.3%。自2019年初以來，中國通訊服務和中興通訊一直在爭奪第四名和第五名。
• 主要供應商年收入成長：按季度和年度收入同比增長排名前​​三的供應商是 Tejas Networks、Broadcom 和 Alphabet。
• 支出預測：我們最新的官方預測要求營運商資本支出（電信網路基礎設施市場的主要驅動力）將從2023 年的3,150 億美元增長到2,950 億美元至3,050 億美元。預計未來幾年資本投資將再次回升，2028年將達到3,310億美元。

調查範圍

目錄

第1章 報告亮點

第2章 摘要:結果的說明

第3章 通訊網路基礎設施市場:最新的結果

第4章 首位25供應商:印刷可能的層級薄板

第5章 表(圖表):個別供應商的概述

第6章 表(圖表):供應商5公司的比較

第7章 R&D費:各供應商

第8章 原始數據- 各企業的收益預測

第9章 調查手法·前提

第10章 關於MTN Consulting

The goal of this report series is to equip telecom industry decision-makers with a comprehensive view of spending trends and vendor market power in their industry. To do this we assess technology vendors' revenues in the telecom vertical, across a wide range of company types and technology segments. We call this market "telco network infrastructure", or "Telco NI." This study tracks 134 Telco NI vendors, providing revenue and market share estimates for the 1Q13-2Q24 period. Of these 134 vendors, 108 are actively selling to telcos; most others have been acquired by other companies in the database. For instance, ADVA is now part of Adtran, but both companies remain in the database because of historic sales.

VISUALS

Below are the key highlights of the report:

• Revenues: Telco NI vendor revenues were $53.3B in 2Q24 and $205.7B for the annualized 2Q24 period overall, down 3.4% and 8.9% on a YoY basis, respectively. Huawei lifted the market: excluding Huawei, the total market declined by 7.3% in the latest single quarter and by 11.2% in annualized 2Q24 on a YoY basis. After many disappointing quarters, Huawei appears to have turned a corner in the latest three quarters.
• Top vendors: The top three Telco NI vendors remain the usual trio: Huawei, Ericsson, and Nokia. They account for 37.7% of the total market in annualized 2Q24, or 40.3% in 2Q24 alone. China Comservice and ZTE have been jostling for the 4th and 5th positions since early 2019.
• Key vendors by YoY revenue growth: The top three vendors, in terms of YoY revenue growth, are common to both single quarter and annualized 2Q24: Tejas Networks, Broadcom, and Alphabet. Respectively, their jumps were due to BSNL's 4G rollout in India (Tejas), acquisition of VMWare in Nov 2023 (Broadcom), and improved penetration of the telecom vertical with cloud services (Alphabet).
• Spending outlook: Per our latest official forecast, we expect telco capex -the main driver of the Telco NI market -to dip from $315B in 2023 to between $295B-$305B. Capex will start to rise again in a couple of years, reaching $331B in 2028. The spending outlook for the US market is appealing in the short-term due to government funding (BEAD and RDOF).

COVERAGE:

Table of Contents

1. Report Highlights

2. SUMMARY - Results commentary

3. Telco NI Market - Latest Results

4. TOP 25 VENDORS - Printable tearsheets

5. CHARTS - Single vendor snapshot

6. CHARTS - 5 vendor comparisons

7. R&D spending by vendors

8. RAW DATA - revenue estimates by company

9. Methodology & Assumptions

10. ABOUT - MTN Consulting

FIGURES(Partial list):

• Annualized Telco NI vendor revenues ($B) vs. YoY growth in annualized sales
• YoY growth in annualized Telco NI market, with and without Huawei figures
• All vendors, YoY growth in single quarter sales
• Telco NI vendor revenues by company type, TTM basis (US$B)
• Telco NI revenues by company type: YoY % change
• Telco NI revenue split: Services vs. HW/SW
• Telco NI sales of top 10 vendors vs. all others, 2Q24 TTM (annualized)
• Top 25 vendors based on annualized Telco NI revenues through 2Q24 ($B)
• Top 25 vendors based on Telco NI revenues in 2Q24 ($B)
• Key vendors' annualized share of Telco NI market
• Telco NI market share changes, 2Q24 TTM vs. 2Q23 TTM
• Telco NI annualized revenue changes, 2Q24 vs. 2Q23
• YoY growth in Telco NI revenues (2Q24)
• Top 25 vendors in Telco NI Hardware/Software: Annualized 2Q24 Revenues (US$B)
• Top 25 vendors in Telco NI Services: Annualized 2Q24 Revenues (US$B)
• R&D spending as a percent of revenues for key telco-focused vendors (2Q22-2Q24)