TECH SUPPLIER May 2019 - Market Forecast - Doc # US45050417
Worldwide Carrier Routing Equipment Forecast, 2019-2023: Expect 5G to Drive Bandwidth Upgrade Cycle
This IDC study presents the worldwide market forecast for carrier routing network equipment for 2018–2023. Carrier routing network equipment sales to carrier service providers are forecast to grow from $11.9 billion in 2018 to $14.2 billion by the end of 2023 at a CAGR of 3.7%.
"2018 saw the core routing market rebound sharply in the second half of the year globally as carriers began building the mobile network transport backbone ahead of the 5G rollouts. IDC expects this dynamic to drive strength in the core routing market over the 2018-2023 forecast period. After an expected lull in 2018 following strong growth in 2017, IDC expects the edge routing market to return to moderate growth driven by business cloud connectivity, mobile backhaul, and metro access use cases," says Rajesh Ghai, research director, Carrier Network Infrastructure, IDC.
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