The global Radio Access Network (RAN) market will continue its downturn over the next few years, according to a new report from Dell'Oro Group.

Dell'Oro forecasts that RAN revenues will decline at a compound annual growth rate of one percent through 2024. This comes on the heels of massive 40 percent growth from 2017 to 2021, when the market was boosted by initial 5G network builds.

Growth stabilised in 2022 but is expected to drop sharply in 2023, led by a pullback in...