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Worldwide Carrier Routing Equipment Forecast, 2024–2028: SP Routing Will Grow at a Steady Pace After Overcoming Excess Inventory and Microeconomics Headwind in 2024

Publisher IDC
Published Jun 21, 2024
Length 8 Pages
SKU # IDC18912513

Description

Worldwide Carrier Routing Equipment Forecast, 2024–2028: SP Routing Will Grow at a Steady Pace After Overcoming Excess Inventory and Microeconomics Headwind in 2024


This IDC study presents the worldwide market forecast for carrier routing network equipment for 2023–2028. Carrier routing network equipment sales to carrier SPs is forecast to grow from $12.56 billion in 2023 to $14.96 billion by the end of 2028 at a CAGR of 3.5%."Communications service providers worldwide continue to upgrade their networks to add capacity and support new and emerging applications. The overall carrier IP routing market saw a steady YoY growth of 1.4% in 2023 due to service providers' increased deployment of 400Gbps technology. North American service providers slowed down their investment in the infrastructure in the second half of 2023 and 2024 due to microeconomic conditions and excess inventory digestion, but long-term trends will drive steady growth," says Ajeet Das, research director, Carrier Network Infrastructure at IDC.

Please Note: Extended description available upon request.

Table of Contents

8 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Converged IP Networks
LTE/5G Mobile Network Buildouts
Cloud-Based Services and Applications
Inhibitors
Growth of Disaggregated Routers
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

Pricing

Currency Rates
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