Top Companies in Open Radio Access Network (Open RAN) Industry

Top Companies in Open Radio Access Network (Open RAN) Industry - Ericsson (Sweden) and Nokia (Finland)

The global open RAN market size is projected to grow from USD 2.8 billion in 2024 to USD 20.9 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 39.4%. The growing open RAN market is powered by increasing demand for network flexibility, compatibility, and decreased vendor dependency, along with the arrival of 5G technology. Regulatory initiatives promoting open standards are further boosted by the desire to accelerate innovation and deployment cycles. Additionally, aligning with virtualization and cloud-native technologies boosts the momentum of open RAN adoption.

Top Companies in Open Radio Access Network (Open RAN) Industry Include

  • Ericsson (Sweden)
  • Nokia (Finland)
  • Samsung (South Korea)
  • NEC Corporation (Japan)
  • Mavenir (US)

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Ericsson (Sweden)

Ericsson offers network services, fixed network solutions, Wi-Fi services and solutions to the utility, transportation, public safety, commercial and industrial real estate, and mobile operators across industries. Networks, cloud software and services, enterprise, and others are Ericsson's four business segments. A Cloud RAN portfolio, a transport portfolio, passive and active antenna solutions, and a comprehensive service portfolio encompassing network implementation and support are all included in the networks category.    Currently, Ericsson has more than 99,952 employees globally and generated USD 24.8 billion revenue annually.

Nokia (Finland)

Nokia is made up of network infrastructure, mobile networks, cloud and network services, Nokia technologies, Group common, and other business segments. All of the physical links that power networks are made possible by the hardware, software, and services provided by the network infrastructure segment. All generations of mobile technology are covered by the goods and services produced by the mobile networks segment. New high-performance Massive MIMO radios, baseband capacity, and control cards have been introduced by Nokia to its Airscale radio access network portfolio. Nokia caters to public sector, telecom providers, cloud providers, cable operators, energy and resource suppliers, retail, healthcare, and other industries. It assists businesses in modifying their network management approach in response to shifting demands, continuous network expansion, and technological advancements.

Samsung (South Korea)

Samsung is a leading player in the Open Radio Access Network (Open RAN) market, offering innovative solutions for network infrastructure and 5G deployment. The company is heavily involved in developing and providing open, interoperable network solutions that enhance flexibility, reduce costs, and accelerate 5G network rollouts.

NEC Corporation (Japan)

NEC Corporation is a key player in the Open Radio Access Network (Open RAN) market, providing advanced solutions that enable telecom operators to deploy more flexible, interoperable, and cost-efficient network infrastructures. NEC's Open RAN technologies help accelerate the adoption of 5G by allowing the integration of diverse hardware and software components in radio access networks.

Mavenir (US)

Mavenir (US) is a key player in the Open Radio Access Network (Open RAN) market, offering software-driven solutions that enable telecom operators to build flexible and cost-effective networks. Their innovative technologies support the deployment of open, interoperable RAN systems, accelerating 5G adoption and network transformation.

Related Reports:

Open Radio Access Network (Open RAN) Market Size, Share, Growth Analysis, By Offering (Hardware, Software, Services), Network Deployment (Public and Private), Frequency Band (Sub-6GHz, mmWave), Deployment Phase, & Region - Global Industry Forecast to 2030

Open Radio Access Network (Open RAN) Market Size,  Share & Growth Report
Report Code
TC 8526
RI Published ON
8/8/2024
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