Global optical networking (ON) equipment spending dropped 1 percent year-over-year in...
Global optical networking (ON) equipment spending dropped 1 percent year-over-year in Q3 to $3.7 billion, research firm Ovum said Wednesday in a market analysis. While ON spending was up 14 percent year-over-year in the Asia-Pacific market, it dropped 11 percent…
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in North America, 8 percent in the Europe, Middle East and Africa market and 4 percent in South and Central America, Ovum said. “Preliminary analysis of 3Q12 results offers little positive news,” Ovum analyst Ron Kline said in a news release. “The competitive environment is challenging at the moment. Many vendors are grateful just to see their business stay flat.” Ericsson, Fiberhome, Huawei and NEC were the only top vendors that saw revenue rise from Q2 and year-over-year, Ovum said. Nokia Siemens, Tellabs and ZTE posted declines from Q2 and year-over-year. “With three uninspiring quarters of 2012 behind us, we are advising our clients that the global market will likely contract into the $14.5-15.0 [billion] range,” Kline said. “We are not anticipating a large-scale buying spree that would recoup all the ground lost in the three earlier soft quarters."