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$2.7 B of WLAN Revenues Marks Eleven Quarters of Y/Y Growth, According to Dell'Oro GroupMassive Backlogs Mask a Softness in IT Spending REDWOOD CITY, Calif., June 6, 2023 /PRNewswire/ -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, enterprise-class Wireless LAN (WLAN) revenues grew 48 percent year-over-year (Y/Y) in the first quarter of 2023, fueled by high shipment volumes and increasing prices. Meanwhile, some vendors reported that backlogs came down faster than they had anticipated. "The enterprise-class WLAN industry has not seen such a long stretch of Y/Y revenue growth in ten years," said Siân Morgan, Wireless LAN Research Director at Dell'Oro Group. "But new orders are declining from the peaks of last year. Sky-high revenues are being fueled by the release of accumulated backlogs, and our analysis shows that this may be hiding a reduction in IT spending, with a digestion period right around the corner. "Across the world, revenue growth varied by geography," added Morgan. "North America has added nearly half a billion dollars to the WLAN market, while the slowest growth has been in China. Huawei has seen a considerable shift in the geographic distribution ofits WLAN revenues," continued Morgan. Additional highlights from the 1Q 2023 Wireless LAN Quarterly Report:
About the Reports About Dell'Oro Group View original content to download multimedia:https://www.prnewswire.com/news-releases/2-7-b-of-wlan-revenues-marks-eleven-quarters-of-yy-growth--according-to-delloro-group-301842919.html SOURCE Dell'Oro Group |