“It is tempting to point the finger at data traffic patterns, 5G monetization challenges, and the odds stacked against an economy struggling with persistent levels of elevated inflation,” said Stefan Pongratz, Vice President at Dell’Oro Group.

“The forecast has been reduced due to the slow migration to 5G SA by Mobile Network Operators (MNOs) for their eMMB networks and by Enterprises for their 5G SA private wireless networks,” stated Dave Bolan, Research Director at Dell’Oro Group.

“Although we’ve seen strong market growth in 2023, double the normal growth rate, we expect it to be short term. Vendors have been building backlog for two years and the recent strong growth is a result of improved component supply which enabled vendors to release large quantities of product into the market,” stated Ivaylo Peev, Senior Analyst at Dell’Oro Group.

“As is the case with most new shiny objects, there is an initial period of excessive hype and anticipation that results in a mismatch between expectations and reality,” said Stefan Pongratz, Vice President at Dell’Oro Group. “After multiple adjustments, the industry is now coming to terms with the fact that private wireless is a marathon, not a sprint…