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WLAN Revenues Plummet 26 Percent in 4Q 2023, According to Dell'Oro GroupJuniper Networks and Huawei Dodge WLAN Market Contraction REDWOOD CITY, Calif., March 6, 2024 /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, 2023 was a roller coaster ride for Wireless LAN (WLAN) vendors. Revenues were elevated in the first half of the year but contracted sharply in 4Q 2023. Despite the end-of-year correction, annual WLAN revenues hit a record $10 B. "In 4Q 2023, enterprises and distributors were awash with WLAN inventory, contributing to a digestion period–a pause in purchasing while the equipment shipped in the past few quarters is deployed," said Siân Morgan, Research Director at Dell'Oro Group. "All macro regions across the world saw a contraction in WLAN sales. "We are anticipating that this downturn will continue into 2024. Vendors that generate recurring revenues from existing customers, as opposed to relying solely on sales of new shipments, are expected to fare better during the downturn. Juniper Networks was an outlier in the WLAN market in 4Q, managing to grow Y/Y and Q/Q despite the difficult market conditions. In addition, Huaweihad Y/Y growth in WLAN sales across several macro regions of the world," continued Morgan. Additional highlights from the 4Q 2023 Wireless LAN Quarterly Report:
About the Reports About Dell'Oro Group View original content to download multimedia:https://www.prnewswire.com/news-releases/wlan-revenues-plummet-26-percent-in-4q-2023-according-to-delloro-group-302080605.html SOURCE Dell'Oro Group |