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

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