TECH SUPPLIER May 2020 - Market Forecast - Doc # US45990820
Worldwide Carrier Routing Equipment Forecast, 2020–2024: Despite Expected Near-Term COVID-19 Weakness, Expect Long-Term SP Routing Long-Term Trajectory to Be Maintained
This IDC study presents the worldwide market forecast for carrier routing network equipment for 2019–2024. Carrier routing network equipment sales to carrier SPs are forecast to grow from $11.7 billion in 2019 to $14.1 billion by the end of 2024 at a CAGR of 3.9%.
"Despite likely near-term COVID-19-related impacts, IDC expects the carrier routing equipment market to display healthy growth over the next five years considering the belief that long-term trends driving the market such as the 5G buildout and the move of application traffic to the Cloud are unlikely to relent and service providers will need to add network capacity long-term to address expected network bandwidth growth." — says Rajesh Ghai, research director, Carrier Network Infrastructure, IDC
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