“While commercial Open RAN revenues continue to surprise on the upside, the underlying message that we have communicated now for some time now has not changed and remains mixed,” said Stefan Pongratz, Vice President with the Dell’Oro Group.

“The China region had a positive Y/Y growth rate for the quarter, but it was not enough to offset the decline in the rest of the market, with the global market declining Y/Y,” stated Dave Bolan, Research Director at Dell’Oro Group.

“The main culprit for this market revenue decline was the lack of component supply needed to make finished goods,” said Jimmy Yu, Vice President at Dell’Oro Group. “Optical vendors have a growing amount of backlog due to higher demand for DWDM equipment but are not able to deliver completed systems when they are short on one component or two…