How Has the Open Radio Access Network RAN Market Size Evolved in Recent Years?
The open radio access network ran market has seen considerable growth due to a variety of factors.
• The size of the open radio access network (RAN) market has seen significant expansion in the past few years. It is projected to escalate from $3.72 billion in 2024 to $5.06 billion in 2025, reflecting a compound annual growth rate (CAGR) of 36.2%.
This enlarging trend over the historic period is due to factors such as amplified demand for adaptable networks, heightened cost efficiency, escalated network virtualization, increased governmental backing, and extended connectivity in rural and remote areas.
What Are The Predictions for The Open Radio Access Network RAN Market in the Coming Years?
The open radio access network ran market is expected to maintain its strong growth trajectory in upcoming years.
• The scope of the open radio access network (RAN) market is projected to experience substantial expansion in the upcoming years, reaching a staggering $17.23 billion by 2029. This growth represents a compound annual growth rate (CAGR) of 35.8%.
Factors contributing to this surge during the forecast period include escalating data usage, the broadening of smart manufacturing and industry 4.0, an increased desire for streamlined network management among businesses, and heightened demand for consultation, alongside intensified smartphone use. Notable trends for the forecast period encompass technological progress, the spread of IoT devices and cutting-edge technology, the utilization of artificial intelligence (AI) and machine learning (ML), a transition towards open standards, and ongoing technological enhancements.
Which Drivers Are Accelerating Growth In The Open Radio Access Network RAN Market?
The surge in the use of smartphones is slated to drive the expansion of the open radio access network (RAN) market. This surge is credited to a host of factors like greater affordability of devices, advancements in technology, enhanced network infrastructure, proliferation of mobile services globally, more availability in developing markets, and higher digital literacy. Open RAN aids this smartphone influx as it facilitates cost-effective, extendable, and adaptable network solutions, which are pivotal in widening coverage, particularly in underprivileged areas, thus making smartphones accessible to more people. For example, Demandsage, a software firm based in the U.S., forecasted in December 2023 that the worldwide count of smartphone users is set to hit 7.10 billion in 2024, and it will rise to 7.70 billion by 2027. In the U.S., the smartphone infiltration rate is anticipated to elevate to 82.20% in 2023, from 76.50% in 2022. Therefore, the escalating smartphone infiltration is fueling the expansion of the open RAN market.
What Are The Core Segments Of The Global Open Radio Access Network RAN Market?
The open radio access network (RAN) market covered in this report is segmented –
1) By Type: Open Radio Access Network Radio Unit, Open Virtualized Radio Access Network
2) By Component: Hardware, Software, Services
3) By Frequency: Sub-6GHz, mmWave
4) By Unit: Radio Unit, Distributed Unit, Centralized Unit
5) By Deployment: Private, Hybrid Cloud, Public Cloud
Subsegments:
1) By Open Radio Access Network Radio Unit: Macrocell Radio Unit, Small Cell Radio Unit, Massive MIMO Radio Unit
2) By Open Virtualized Radio Access Network: Cloud RAN (C-RAN), Edge RAN, Private Network RAN
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Which Emerging Market Trends Are Altering The Open Radio Access Network RAN Industry?
Major companies operating in the open radio access network (RAN) market are focusing on strategic investments to accelerate the adoption of Open RAN technologies, enhance their product portfolios, and foster partnerships for innovation. Strategic investments help Open RAN by fostering innovation, promoting interoperability, reducing deployment costs, scaling solutions, and building a robust ecosystem to accelerate the adoption of flexible, multi-vendor networks. For instance, in July 2024, EchoStar Corporation, a US-based telecommunications company, launched the Open RAN Center for Integration and Deployment (ORCID). The Open RAN Center for Integration and Deployment (ORCID) is a facility that allows vendors to test and validate O-RAN solutions on EchoStar's live, commercial-grade, cloud-native Open RAN network. The NTIA Public Wireless Supply Chain Innovation Fund supports it with a $50 million grant.
Who Are the Key Players In The Open Radio Access Network RAN Market?
Major companies operating in the open radio access network (RAN) market are:
• Samsung Electronics Co. Ltd.
• Microsoft Corporation
• Verizon Communications Inc.
• AT&T Inc.
• Deutsche Telekom AG
• Dell Technologies Inc.
• HuaweiTech
• Intel Corporation
• International Business Machines Corporation (IBM)
• Cisco Systems Inc.
• Qualcomm Incorporated
• Telefonica S.A.
• Broadcom Inc.
• Google LLC
• Hewlett Packard Enterprise (HPE)
• Fujitsu Limited
• Ericsson India Limited
• Nokia Corporation
• NEC Corporation
• Advanced Micro Devices Inc. (AMD)
• VMware LLC
• CommScope
• Juniper Networks Inc.
• NTT Docomo Inc.
• Orange Group
• Mavenir Systems Inc.
• Spirent Communications plc
What Are The Regional Insights Into The Open Radio Access Network RAN Market?
North America was the largest region in the open radio access network (RAN) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the open radio access network (RAN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
