According to a research report "Open Radio Access Network (Open RAN) Market by Component (Hardware, Software, Services), Type (Open RAN RU, Open vRAN), Frequency (Sub-6GHz, mmWave), Radio Interface, Access (Public, Private), Network and Region - Global Forecast to 2027" published by MarketsandMarkets, the global Open RAN system market size is projected to grow from USD 1.1 billion in 2022 to USD 15.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 70.5% during the forecast period. Rising Open RAN demand from mobile operators is driving the growth of the Open RAN market.
Browse 313 market data Tables and 51 Figures spread through 254 Pages and in-depth TOC on "Open Radio Access Network (Open RAN) Market by Component (Hardware, Software, Services), Type (Open RAN RU, Open vRAN), Frequency (Sub-6GHz, mmWave), Radio Interface, Access (Public, Private), Network and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/open-ran-market-153445936.html
4G LTE segment is estimated to lead the Open RAN market in 2022
4G LTE is a high-capacity mobile multimedia up to 100Mbps. In developed economies such as the US, mobile operators are focusing on geopolitics around Chinese vendors that have created a much bigger opportunity for Open RAN for their 4G brownfield networks. Other minor US operators like Inland Cellular are already expanding their 4G networks with Open RAN.
Open RAN RU segment is set to emerge as a larger market during the forecast period
functional split RU, DU, and CU concept is becoming fundamental in Open RAN. A split architecture that is between central and distributed units permits coordination for performance features, real-time performance optimization, load management, and enables adaptation to various use cases and the QoS that needs to be supported. Open RAN RU is further segmented into macro cell and small cell.
Greenfield segment is expected to have higher growth rate during the forecast period
Greenfield refers to a low-capacity network. For greenfield 4G or 5G deployments, the OpenRAN solution is suitable as it leads to faster deployment. Operators find it easy with greenfield networks to scale their new networks as the software-enabled network makes it easy for operators with simplified expansions.
Asia Pacific is projected to grow at the fastest growth rate during the forecast period
Pacific constitutes thriving economies, such as Singapore, Japan, China, India, and Australia, which are expected to register high growth rates in the Open RAN market. It is expected to witness the highest CAGR during the forecast period. China has witnessed immense industrial growth and is the world's manufacturing capital. Similarly, countries such as Australia, and Japan are also taking several initiatives to deploy Open RAN solutions.
The major vendors covered in the Open RAN market include Ericsson (Sweden), Nokia (Finland), Samsung (South Korea), NEC Corporation (Japan), Hewlett Packard Enterprise (US), VMware (US), Huawei (China), AT&T (US), Fujitsu (Japan), IBM (US), Orange (France), Airspan Networks (US), Mavenir (US), CommScope (US), Viavi Solutions (US), Amdocs (US), Renesas (Japan), MTN Group (South Africa), Entel (Chile), Comba Telecom (China), KDDI (Japan), SingTel (Singapore), TIM (Italy), Telefonica (Spain), Sivers Semiconductors (Sweden), NXP Semiconductors (Netherlands), Picocom (UK), Etisalat (UAE), Mobily (Saudi Arabia), XCOM Labs (US), DeepSig (US), ZTE (China), Celona (US), LIME Microsystems (UK), Verana Networks (US), Microamp Solutions (Poland).
Don’t miss out on business opportunities in Open Radio Access Network (Open RAN) Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441