New Delhi, Sep 12 : The global telecom equipment market held steady in the first half of 2023 (1H23), growing only 2 per cent, a new report has shown.

According to the market research firm Dell'Oro Group, the worldwide telecom equipment revenues, excluding North America, increased by 7 per cent in the first half, supporting the thesis that the telecom equipment market remains robust outside of the US. Stable performance in EMEA, CALA, and China, combined with robust growth in the Asia Pacific region outside of China.

"These results mostly align with expectations on an aggregate level, although performance by region and technology varied. After five years of expansion, during which the North American region advanced by around 50 per cent, the pendulum swung toward the negative in the first half. The decline in North America was anticipated, but the pace of the contraction was slightly faster than expected," said Research Analyst Stefan Pongratz.