通讯的最大的公司供应商 - 2024年第3季版:Huawei的復活与8季度样子即使催促供应商的市场復苏，2024年第3季的成长率0.3％和低调转变

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报告的主要焦点

• 营收： 2024 年第三季通讯网路基础设施供应商营收将达到 496 亿美元，以年率计算将达到 2,057 亿美元，分别年增 0.3% 及下降 5.6%。华为推动了市场的发展。除华为外，整体市场3Q24年比年率下降8.3%。华为经历了多个季度的令人失望的表现，但在过去的四个季度中似乎已经出现转机。
• 顶级供应商：前三名的电信网路基础设施供应商通常是华为、爱立信和诺基亚。这些占 2024 年第三季整个市场的年化率为 37.5%，仅 2024 年第三季就占 33.6%。自2019年初以来，中国通讯服务与中兴通讯一直在争夺第四和第五的位置。
• 以年收入成长排名的领先供应商：截至 2024 年第三季度，按季度和年度计算，以年收入成长排名的前两大供应商是 Tejas Networks 和 Broadcom。这分别归功于 BSNL 在印度推出 4G（Tejas）以及于 2023 年 11 月收购 VMWare（Broadcom）。
• 支出展望根据我们最新的官方预测，电信资本支出（电信网路基础设施市场的主要驱动力）预计将从 2023 年的 3140 亿美元下降到 2024 年的略低于 3000 亿美元。未来几年资本支出可能保持低迷，到 2028 年将在 2,800 亿美元左右徘徊。每个国家的市场前景各不相同。特别是，由于政府资助（BEAD 和 RDOF），美国市场资本投资前景短期内具有吸引力。

本报告对全球电信业进行了研究和分析，并提供了134家通讯网路基础设施供应商的收入和市场占有率数据。

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目录

第1章 报告的亮点

第2章 摘要 - 结果的说明

第3章 通讯网路基础设施市场 - 最新的结果

第4章 前 25 名供应商 - 可列印样页

第5章 表(图表) - 单一供应商的概述

第6章 表(图表) - 供应商5公司的比较

第7章 研究开发费:各供应商

第8章 原始数据 - 收益的估计:各企业

第9章 调查手法与前提条件

第10章 关于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 1Q13-3Q24 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 $49.6B in 3Q24 and $205.7B for the annualized 3Q24 period overall, up 0.3% and down 5.6% on a YoY basis, respectively. Huawei lifted the market: excluding Huawei, the total market declined by 8.3% in annualized 3Q24 on a YoY basis. After many disappointing quarters, Huawei appears to have turned a corner in the last four quarters.
• Top vendors: The top three Telco NI vendors remain the usual trio: Huawei, Ericsson, and Nokia. They account for 37.5% of the total market in annualized 3Q24, or 33.6% in 3Q24 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 two vendors, in terms of YoY revenue growth, are common to both single quarter and annualized 3Q24: Tejas Networks and Broadcom. Respectively, their jumps were due to BSNL's 4G rollout in India (Tejas), and acquisition of VMWare in Nov 2023 (Broadcom).
• Spending outlook: Per our latest official forecast, we expect telco capex - the main driver of the Telco NI market - to dip from $314B in 2023 to just below $300B in 2024. Capex will struggle to see any growth over the next few years, likely ending 2028 at ~$280B. The outlook for specific country markets varies. Notably, the spending outlook for the US market is appealing in the short-term due to government funding (BEAD and RDOF).

Companies Listed:

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

List of Figures (partial):

• 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, 3Q24 TTM (annualized)
• Top 25 vendors based on annualized Telco NI revenues through 3Q24 ($B)
• Top 25 vendors based on Telco NI revenues in 3Q24 ($B)
• Key vendors' annualized share of Telco NI market
• Telco NI market share changes, 3Q24 TTM vs. 3Q23 TTM
• Telco NI annualized revenue changes, 3Q24 vs. 3Q23
• YoY growth in Telco NI revenues (3Q24)
• Top 25 vendors in Telco NI Hardware/Software: Annualized 3Q24 Revenues (US$B)
• Top 25 vendors in Telco NI Services: Annualized 3Q24 Revenues (US$B)
• R&D spending as a percent of revenues for key telco-focused vendors (3Q22-3Q24)