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市場調查報告書
商品編碼
2021038
主要通訊業供應商（2025年第四季）：人工智慧重塑需求結構，加速市場復甦－儘管華為的影響不容忽視，但人工智慧需求的加速成長將助力電信設備市場在2025年實現強勁收官。Telecom's Biggest Vendors, 4Q25: Market Recovery Gains Traction as AI Reshapes Demand - Telco NI Market Closes 2025 Strong Despite Huawei Drag as AI Demand Accelerates |
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本系列報告旨在為通訊業的決策者提供行業支出趨勢和供應商市場主導地位的全面概覽。因此，本研究評估了通訊業各類公司和技術領域的技術供應商的收入。本報告將該市場定義為「電信網路基礎設施」（簡稱「電信NI」），並追蹤了137家電信NI供應商，提供了2013年第一季至2025年第四季（共52個季度）期間的收入和市場佔有率估算。其中，111家仍在積極向通訊業者銷售產品，而其餘大部分已被資料庫中的其他公司收購。例如，Juniper現在是HPE的一個部門，但由於其過去的銷售業績，兩家公司仍保留在資料庫中。
本報告的主要亮點：
營收：2025年第四季度，通訊業者網路基礎設施（NI）供應商的營收約為618億美元，較去年同期成長7.2%。預計2025年全年營收將年增4.2%至約2,158億美元，顯示市場已擺脫2023-2024年的低迷狀態。這項成長主要得益於5G升級、光纖網路建置、通訊業者對網路現代化的選擇性投資，以及對人工智慧資料中心和超大規模雲端連接相關基礎設施需求的成長。然而，華為在多個國際市場的佔有率持續下滑，抑制了整體市場成長。
主要供應商：傳統領導企業華為、愛立信和諾基亞約佔通訊網路介面（NI）市場年化佔有率的36%。華為仍是最大的供應商，市佔率約17.8%，但其全球企業發展持續面臨地緣政治監管和通訊業者供應商多元化的壓力。中國通訊和中興通訊分別維持第四和第五的位置，主要得益於中國市場的強勁需求。
在年度營收成長方面，Wiwynn 和 Dixon Technologies 表現突出。前者受益於通訊業者對支援雲端服務的商用現貨 (COTS) 伺服器需求的成長，後者則受惠於印度電信設備製造業的擴張。 Amphenol、Fujikura 和 Prysmian 等連接設備供應商也受益於資料中心互連和光纖網路需求的成長。同時，隨著通訊業者擴大採用雲端平台和人工智慧驅動的網路架構，戴爾、亞馬遜和 Alphabet 等公司也不斷擴大市場佔有率。
支出展望：2026年上半年的展望依然謹慎但樂觀。儘管大規模無線接取網路（RAN）擴張預計仍將保持溫和，但與光纖網路、光纖基礎設施和人工智慧驅動的資料中心連接相關的支出預計將支撐通訊網路基礎設施（NI）的適度收入成長。隨著產業向更雲端原生和人工智慧賦能的通訊網路轉型，通訊業者可能會優先考慮網路現代化、自動化和效率提升。
目標公司名單：
- 3M
- A10 Networks
- Accenture plc
- Accton Technology
- ADTRAN
- ADVA Optical Networking
- Affirmed Networks
- Airspan
- Akamai
- Alcatel-Lucent
- Allied Telesis
- Allot Communications
- Alphabet
- Altran Technologies
- Amazon
- Amdocs
- Amphenol
- Anritsu
- Arista Networks
- ARRIS International
- AsiaInfo Technologies
- Atos Origin
- Audiocodes
- Avaya
- Aviat Networks
- Beijing Xinwei
- Broadcom Limited
- BroadSoft, Inc.
- Brocade Communications Systems, Inc.
- CA Technologies
- Calix
- Capgemini
- Casa Systems
- Ceragon Networks
- Check Point Software
- China Comservice
- Ciena Corporation
- Cisco Systems
- Citrix Systems
- Clearfield
- Comarch
- Comba Telecom
- CommScope Holding
- Commvault Systems
- Comptel
- Coriant
- Corning
- CSG
- Cyan
- DASAN Zhone
- Datang Telecom Technology
- Dell Technologies
- DragonWave Inc.
- DXC Technology (aka CSC)
- DyCom Industries
- Dynatrace
- ECI Telecom
- Ericsson
- EXFO Inc
- Extreme Networks
- F5 Networks
- Fiberhome
- Fortinet
- Fujikura
- Fujitsu Limited
- Furukawa Electric
- General Cable
- Harmonic Inc.
- HCL Technologies
- Hengtong Optic-electric
- Hitachi
- HPE
- Huawei
- Huber+suhner AG
- IBM
- Infinera
- Infosys
- Inseego
- Intel
- Italtel
- ITOCHU Techno-Solutions Corporation
- Juniper Networks
- Kathrein
- Kudelski
- Kyndryl Holdings
- Lenovo
- MasTec
- Mavenir
- Metaswitch
- Microsoft
- Mitsubishi Electric
- NEC Corporation
- Net Insight
- Netcomm
- NetScout Systems
- Nexans
- Nokia
- Nutanix
- Openet
- OPTIVA
- Oracle
- Pace plc
- Palo Alto Networks
- Prysmian
- Radcom
- Radisys
- Radware
- Rakuten Group
- Red Hat
- Ribbon Communications
- Ruckus Wireless
- Samsung Electronics
- SAP SE
- SeaChange International, Inc.
- Sopra Steria
- Spirent Communications
- Sterlite Technologies
- Subex
- Sumitomo Electric
- Tata Consultancy Services
- TE Connectivity
- Tech Mahindra
- Technicolor
- Tejas Networks
- Transmode
- Trigiant Group
- Ubiquiti
- VMWare
- Vubiquity
- Westell
- Wipro
- Wiwynn
- YOFC
- ZTE
- Cyient
- Dixon Technologies
- HFCL
目錄
第1章報告要點
第2章總結：結果說明
第3章：傳播北愛爾蘭市場：最新結果
第4章：25家頂級供應商：可列印模切紙
第5章 圖表：各供應商概況
第6章圖表：5家供應商對比
第7章 研發成本：依供應商分類
第8章 原始資料：公司特定收入預測
第9章：調查方法與前提條件
第10章：關於 MTN 顧問公司
The goal of this report series is to equip telecom industry decision-makers with a comprehensive view of spending trends and vendor market power in their industry. To do this we assess technology vendors' revenues in the telecom vertical, across a wide range of company types and technology segments. We call this market "telco network infrastructure", or "Telco NI." This study tracks 137 Telco NI vendors, providing revenue and market share estimates for the 1Q13-4Q25 period (i.e. 52 quarters). Of these 137 vendors, 111 are actively selling to telcos; most others have been acquired by other companies in the database. For instance, Juniper is now part of HPE, but both companies remain in the database because of historic sales.
Below are the key highlights of the report:
Revenues: Telco Network Infrastructure (NI) vendor revenues reached approximately $61.8 billion in 4Q25, representing 7.2% YoY growth. For the full-year 2025, revenues rose 4.2% YoY to about $215.8 billion, confirming that the market has moved beyond the downturn seen in 2023-24. Growth was supported by selective operator investments in 5G upgrades, fiber networks, and network modernization, as well as rising demand for infrastructure linked to AI data centers and hyperscale cloud connectivity. However, Huawei's continued decline in several international markets weighed on overall market growth.
Top vendors: The traditional leaders Huawei, Ericsson, and Nokia accounted for roughly 36% of the Telco NI market on an annualized basis. Huawei remained the largest vendor with about 17.8% share, though its global footprint continues to face pressure from geopolitical restrictions and vendor diversification by operators. China Comservice and ZTE maintained the fourth and fifth positions, supported primarily by strong demand in the Chinese market.
Key vendors by YoY revenue growth: Wiwynn and Dixon Technologies led revenue gains, driven by demand for COTS servers supporting telco cloud, and telecom manufacturing expansion in India, respectively. Connectivity suppliers such as Amphenol, Fujikura, and Prysmian benefited from rising demand for data-center interconnect and fiber networks, while Dell, Amazon, and Alphabet gained traction as telcos increasingly adopt cloud platforms and AI-driven network architectures.
Spending outlook: The outlook for 1H26 remains cautiously optimistic. While large scale RAN expansion is expected to remain subdued, spending tied to optical networking, fiber infrastructure, and AI-driven data-center connectivity is expected to support gradual growth in Telco NI revenues. Operators are likely to prioritize network modernization, automation, and efficiency improvements as the industry transitions toward more cloud-native and AI-enabled telecom networks.
List of Companies:
- 3M
- A10 Networks
- Accenture plc
- Accton Technology
- ADTRAN
- ADVA Optical Networking
- Affirmed Networks
- Airspan
- Akamai
- Alcatel-Lucent
- Allied Telesis
- Allot Communications
- Alphabet
- Altran Technologies
- Amazon
- Amdocs
- Amphenol
- Anritsu
- Arista Networks
- ARRIS International
- AsiaInfo Technologies
- Atos Origin
- Audiocodes
- Avaya
- Aviat Networks
- Beijing Xinwei
- Broadcom Limited
- BroadSoft, Inc.
- Brocade Communications Systems, Inc.
- CA Technologies
- Calix
- Capgemini
- Casa Systems
- Ceragon Networks
- Check Point Software
- China Comservice
- Ciena Corporation
- Cisco Systems
- Citrix Systems
- Clearfield
- Comarch
- Comba Telecom
- CommScope Holding
- Commvault Systems
- Comptel
- Coriant
- Corning
- CSG
- Cyan
- DASAN Zhone
- Datang Telecom Technology
- Dell Technologies
- DragonWave Inc.
- DXC Technology (aka CSC)
- DyCom Industries
- Dynatrace
- ECI Telecom
- Ericsson
- EXFO Inc
- Extreme Networks
- F5 Networks
- Fiberhome
- Fortinet
- Fujikura
- Fujitsu Limited
- Furukawa Electric
- General Cable
- Harmonic Inc.
- HCL Technologies
- Hengtong Optic-electric
- Hitachi
- HPE
- Huawei
- Huber+suhner AG
- IBM
- Infinera
- Infosys
- Inseego
- Intel
- Italtel
- ITOCHU Techno-Solutions Corporation
- Juniper Networks
- Kathrein
- Kudelski
- Kyndryl Holdings
- Lenovo
- MasTec
- Mavenir
- Metaswitch
- Microsoft
- Mitsubishi Electric
- NEC Corporation
- Net Insight
- Netcomm
- NetScout Systems
- Nexans
- Nokia
- Nutanix
- Openet
- OPTIVA
- Oracle
- Pace plc
- Palo Alto Networks
- Prysmian
- Radcom
- Radisys
- Radware
- Rakuten Group
- Red Hat
- Ribbon Communications
- Ruckus Wireless
- Samsung Electronics
- SAP SE
- SeaChange International, Inc.
- Sopra Steria
- Spirent Communications
- Sterlite Technologies
- Subex
- Sumitomo Electric
- Tata Consultancy Services
- TE Connectivity
- Tech Mahindra
- Technicolor
- Tejas Networks
- Transmode
- Trigiant Group
- Ubiquiti
- VMWare
- Vubiquity
- Westell
- Wipro
- Wiwynn
- YOFC
- ZTE
- Cyient
- Dixon Technologies
- HFCL
Table of Contents
1. Report Highlights
2. SUMMARY - Results commentary
3. Telco NI Market - Latest Results
4. TOP 25 VENDORS - Printable tearsheets
5. CHARTS - Single vendor snapshot
6. CHARTS - 5 vendor comparisons
7. R&D spending by vendors
8. RAW DATA - revenue estimates by company
9. Methodology & Assumptions
10. ABOUT - MTN Consulting
List of Figures
- Annualized Telco NI vendor revenues ($B) vs. YoY growth in annualized sales
- YoY growth in annualized Telco NI market, with and without Huawei figures
- All vendors, YoY growth in single quarter sales
- Telco NI vendor revenues by company type, TTM basis (US$B)
- Telco NI revenues by company type: YoY % change
- Telco NI revenue split: Services vs. HW/SW
- Telco NI sales of top 10 vendors vs. all others, 4Q25 TTM (annualized)
- Top 25 vendors based on annualized Telco NI revenues through 4Q25 ($B)
- Top 25 vendors based on Telco NI revenues in 4Q25 ($B)
- Key vendors' annualized share of Telco NI market
- Telco NI market share changes, 4Q25 TTM vs. 4Q24 TTM
- Telco NI annualized revenue changes, 4Q25 vs. 4Q24
- YoY growth in Telco NI revenues (4Q25)
- Top 25 vendors in Telco NI Hardware/Software: Annualized 4Q25 Revenues (US$B)
- Top 25 vendors in Telco NI Services: Annualized 4Q25 Revenues (US$B)
- R&D spending as a percent of revenues for key telco-focused vendors (4Q23-4Q25)
