Dave Bolan

What happened. Dell'Oro reported 15% MCN growth for 2025. A 10% call against 15% misses by 5 points, the edge of the Half right band. It was made with half the year's results in. Sources: delloro.com.

Source: 5G Mobile Core Surges 31 Percent in 2Q 2025, According to Dell'Oro Group (press release) · 'for 2025'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. Dell'Oro reported 15% MCN growth for 2025. A 5% call against 15% misses by 10 points, the edge of the Mostly wrong band. Sources: delloro.com.

Source: Mobile Core Network Market Growth Skyrockets in 1Q 2025 to 32 percent Growth, According to Dell'Oro Group (press release) · 'the year 2025'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. Dell'Oro reported that MCN revenues rose 15% in 2025, the highest growth since 2014. A 1% call against 15% growth misses by 14 points. Sources: delloro.com.

Source: Mobile Core Network Market Bounces Back Up 12 Percent in 3Q 2024, According to Dell'Oro Group (press release) · '2025'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. Dell'Oro reported that the MCN market ended 2024 at -4% year on year. An 11% decline against an actual 4% decline misses by 7 points (within 10). Sources: delloro.com.

Source: Mobile Core Network Market Cratered 15 Percent in 2Q 2024, Hits Historic Low, According to Dell'Oro Group (press release) · 'in 2024'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. Dell'Oro reported 2024 MCN growth of -4%. He called a decline for 2024 and the market fell 4%. Sources: delloro.com.

Source: 1Q 2024 Mobile Core Network Market Drops 10 Percent Amid Economic Challenges, According to Dell'Oro Group (press release) · 'for 2024'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. Dell'Oro reported that the MCN market ended 2024 with -4% year-on-year growth. He called a small rise; the market fell 4%, the wrong sign. Sources: delloro.com.

Source: 4Q 2023 Mobile Core Network Market Has Worst Performance Since 1Q 2017, According to Dell'Oro Group (press release) · 'for 2024'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. Dell'Oro's January 2025 release said only eight new 5G SA eMBB networks were launched in 2024. Eight launches against a forecast of more than 18 is far outside every band. Sources: delloro.com.

Source: Exploring the 5G Core Market Landscape in 2024 (Dell'Oro blog, by Dave Bolan) · 'in 2024'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. Dell'Oro counted 12 new 5G SA eMBB launches in 2023 (Feb 2024) and only eight in 2024 (Jan 2025). Eight launches in 2024 against a threshold of 12 is 50% off, and in the wrong direction. Sources: delloro.com, delloro.com.

Source: Mobile Core Network Market is on a Roller Coaster Ride, Dips Big in 3Q 2023, According to Dell'Oro Group (press release) · 'in 2024'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. Dell'Oro reported that the MCN market ended 2023 with lower revenues than in 2022. It did not publish the percentage. A 4-6% growth call against a full-year decline is the wrong sign. Sources: delloro.com.

Source: Mobile Core Network Market Returns to Growth in 2Q 2023, According to Dell'Oro Group (press release) · 'for 2023'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. Dell'Oro's 4Q 2023 release said only North America and EMEA had positive growth for 2023, so China's 2023 growth was negative. China ended 2023 with negative growth, as he said. Sources: delloro.com.

Source: MEC Market Fails to Materialize, Expectations Lowered More Than 20 Percent for 2023, According to Dell'Oro Group (press release) · 'end 2023'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. In 3Q 2023 EMEA became one of the weakest regions, and in 4Q 2023 every region had negative year-on-year growth, so the market outside China did not grow throughout 2023. The call was for growth throughout 2023 outside China; all regions declined year on year in 4Q 2023. Sources: delloro.com, delloro.com.

Source: Mobile Core Network Market, excluding China, Returns to Growth in 4Q 2022, Growth to Accelerate in 2023, According to Dell'Oro Group (press release) · 'throughout 2023'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. Dell'Oro reported that the MCN market ended 2023 with lower revenues than in 2022, after steep year-on-year falls in 3Q and 4Q 2023. He expected 2023 revenue above 2022; it came in below. Sources: delloro.com.

Source: Mobile Core Network & Multi-Access Edge Market: A Look into 2023 (Dell'Oro blog, by Dave Bolan) · 'in 2023'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. Bolan's January 2023 review counted 16 5G SA eMBB launches in 2022 against 15 in 2021, saying late launches 'push 2022 over 2021'. Later Dell'Oro counts put 2022 at 18 (Jan 2024) and 21 (Aug 2024). He called fewer launches in 2022 than in 2021; every later Dell'Oro count has 2022 at or above 2021. Sources: delloro.com, delloro.com.

Source: China 5G Deployments Drive Mobile Core Networks to Growth in 1Q 2022, According to Dell'Oro Group (press release) · 'for 2022'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.

What happened. Dell'Oro reported 2Q 2022 worldwide growth slowing to low single digits, then a year-on-year decline in 3Q 2022 ('two quarters in a row with negative Y/Y growth'). Outside China, full-year 2022 growth was negative. Growth fell below the range in 2Q and turned negative in 3Q 2022, a wrong sign against a 4-6% call. Dell'Oro gave no exact quarterly percentage. Sources: delloro.com, delloro.com, delloro.com.

Source: China 5G Deployments Drive Mobile Core Networks to Growth in 1Q 2022, According to Dell'Oro Group (press release) · 'balance of 2022'

Caveat. No independent evidence available. Scored on Dell'Oro Group’s own figures.