- 650 Group expects the RAN market to grow about 2% next year, while they expect broadband access to grow 10%. They expect faster growth in Software Defined Wide Area Networking (SD-WAN) with 34% growth and data center interconnect (DCI) with 44% growth.
- For the enterprise market, 650 Group expects enterprise wireless LAN to grow 5% next year, Ethernet switching to grow 5%, and enterprise routing to grow 3%. For the security market, they expect 6% growth.
- Communications is experiencing significant upward drivers from pandemic lockdowns and the increased remote access demand from consumers. 5G is now on everyone’s radar as Apple, Verizon, T-Mobile, and AT&T push the new wireless technology to consumers.
- Global internet penetration has grown from 25% in 2010 to 62% in 2020 and is projected to grow to 90% by 2030. However, consensus projections are for 1% growth in industry revenues over the next three years, down from a +5% CAGR over the last decade.
Chris DePuy is a Technology Analyst/Co-Founder at 650 Group, a leading market intelligence research firm for communications, data center, and cloud markets.
650 Group is a market research company focused on researching Cloud and IoT growth markets as well as the broader Communications and Information Technology industries. It was created to enable flexibility in working with customers. They provide research services including quarterly market share reports, five-year market forecasts, custom projects related to market intelligence and marketing, expert witness services, and weekly hot topics newsletter. The company’s market intelligence research focuses on Cloud & IoT, Ethernet switches, Wireless LAN (WLAN), Telecom Core Networks, Servers, Storage, and Network Functions Virtualization (NFV).
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