CHICAGO, Aug. 14,
2024 /PRNewswire/ -- The Open Radio Access Network
(Open RAN) Market is estimated to be worth USD 2.8 billion in 2024 and USD 20.9 billion by 2030, at a Compound Annual
Growth Rate (CAGR) of 39.4% during the forecast period, according
to a new report by MarketsandMarkets™.
Browse in-depth TOC on "Open Radio Access Network
(Open RAN) Market"
147 – Tables
54 – Figures
210 –
Pages
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Scope of the Report
Report
Metrics
|
Details
|
Market size available
for years
|
2024-2030
|
Base year
considered
|
2023
|
Forecast
period
|
2024–2030
|
Forecast
units
|
Value (USD)
Billion
|
Segments
Covered
|
By offering (hardware,
software, service), network deployment (public networks, private
networks), frequency band (Sub-6GHz, mmWave, other frequency
bands), and deployment phase (brownfield, greenfield)
|
Region
covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, and Latin
America.
|
Companies
covered
|
Ericsson (Sweden),
Nokia (Finland), Samsung (South Korea), NEC Corporation (Japan),
Mavenir (US), Huawei Technologies (China), HPE (US), Broadcom (US),
Fujitsu (Japan), Viavi Solutions (US), Juniper Networks (US),
Amdocs (US), Wind River Systems (US), Rakuten (Japan), Comba
Telecom (China), Intel (US), Radisys (US), Keysight Technologies
(US), MaxLinear (US), Airspan Networks (US), Picocom (England),
Sivers Semiconductors (Sweden), Celona (US), Globalstar (US),
DeepSig (US), Cohere Technologies (US), Verana Networks (US), Digis
Squared (UK), Parallel Wireless (US), Baicells Technologies
(China), Gigatera (US)
|
The Open Radio Access Network (Open RAN) Market is being
transformed due to several key factors reshaping the telecom
industry. To improve network robustness, decrease dependence on
traditional vendors, and improve operational flexibility while
reducing costs, operators are largely adopting open RAN solutions.
This market covers type of offerings, network deployment, frequency
bands, and deployment phases. Offerings range from essential
hardware components like base stations to software managing
virtualized functionalities, along with various services such as
consultancy and maintenance solutions. Network deployment covers
public networks and private networks. Frequency bands include
sub-6GHz for broad coverage and mmWave for high-speed, low-latency
connections. Deployment phases consist of brownfield integrations
into existing networks and greenfield deployments establishing
entirely new networks.
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Based on frequency band, Sub-6GHz segment to hold the largest
market size during the forecast period.
The Sub-6GHz segment is estimated to capture the largest market
size throughout the forecast period. The demand for sub-6GHz
frequencies has increased due to its extensive coverage
capabilities, making it important for delivering connectivity
across different environments. Moreover, their ability to propagate
over long distances and penetrate obstacles effectively ensures
reliable connectivity. It provides support for mobile broadband,
IoT, and industrial use cases. Moreover, the investment and
deployment of sub-6GHz spectrum bands have increased due to the
global availability and regulatory support, strengthening its
position in open RAN ecosystem.
Based on the deployment phase, the brownfield segment is
expected to have a higher growth rate during the forecast
period.
Brownfield deployment is a
strategic approach in which open RAN equipment is seamlessly
integrated into an existing telecom infrastructure. Transitioning
from traditional, single-vendor, closed RAN systems to a
disaggregated RAN architecture, open RAN promotes using equipment
from various vendors that comply with open interfaces and
standards, encouraging competition and ensuring interoperability.
Brownfield deployment helps
operators to choose from different equipment suppliers without
overhauling their entire networks. Using brownfield deployment is a
feasible choice for operators who want to switch to open RAN
without causing big disruptions. It's expected to become more
popular as the Open RAN Market grows and gets better.
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North America is estimated
to have the second-largest market size during the forecast
period.
North America focuses on
innovation, flexibility, and cost efficiency in mobile network
setups contributing to rapid growth of Open RAN. This trend enables
operators to choose the best solutions from various vendors instead
of relying on just one. In the US, Dish Network supports the
deployment of open RAN. In Canada, companies like Bell Canada and Rogers Communications are
working towards upgradation of their networks using open RAN. Key
players in this market include established giants like Ericsson,
Nokia, and Samsung and start-ups, such as Mavenir and Parallel
Wireless. Open RAN brings benefits like flexible network design,
cost reduction through competition, and fostering innovation in the
telecom industry.
Top Key Companies in Open Radio Access Network (Open RAN)
Market:
The major vendors covered in the Open RAN Market are Ericsson
(Sweden), Nokia (Finland), Samsung (South Korea), NEC Corporation (Japan), Mavenir (US), Huawei Technologies
(China), HPE (US), Broadcom (US),
Fujitsu (Japan), Viavi Solutions
(US), Juniper Networks (US), Amdocs (US), Wind River Systems (US),
Rakuten (Japan), Comba Telecom
(China), Intel (US), Radisys (US),
Keysight Technologies (US), MaxLinear (US), Airspan Networks (US),
Picocom (England), Sivers
Semiconductors (Sweden), Celona
(US), Globalstar (US), DeepSig (US), Cohere Technologies (US),
Verana Networks (US), Digis Squared (UK), Parallel Wireless (US),
Baicells Technologies (China),
Gigatera (US). These players have adopted various growth
strategies, such as partnerships, agreements and collaborations,
new product launches, enhancements, and acquisitions to expand
their footprint in the Open RAN Market.
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