Open Radio Access Network (Open RAN) Market

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.

Key and innovative vendors in the open RAN market include 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 market players have adopted various strategies to strengthen their open RAN market position. Organic and inorganic strategies have helped the market players expand globally by providing advanced Open RAN solutions.

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ERICSSON

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

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.

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

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