Mobile Core Network (MCN) market dropped 10 percent during the first quarter of 2024 as telecoms cut capital expenditure, according to Dell’Oro Group.
The 5G MCN market growth rate has also decelerated in 1Q 2024 — for five quarters in a row. The report did not reveal the growth in the 5G MCN market.
Inflation has impacted the ability of some Mobile Network Operators (MNOs) to raise capital, and it has also impacted subscribers when it comes to upgrading their smartphones to 5G. Many MNOs lowered their Capex plans and announced that they have fewer than expected 5G subscribers on their networks; which limits MNOs’ growth plans.
As of 1Q 2024, 51 MNOs have commercially deployed 5G SA eMBB networks with two additional MNOS launching in 1Q 2024.
Based on the four-quarter rolling average trends, CALA and EMEA are trending into negative territory in terms of revenue growth rates. North America is also trending into negative territory, while Asia Pacific, including China, is trending positive as of 1Q 2024.
