April 24, 2024
ICT

Open RAN Market Size to Reach USD 32 Billion by 2033

The global open RAN market size was estimated to be around US$ 1.8 billion in 2023 and is projected to reach US$ 32 billion by 2033, indicating a CAGR of 33.40% from 2024 to 2033.

Key Takeaways

  • North America contributed 45% of market share in 2023.
  • Asia-Pacific is estimated to expand the fastest CAGR between 2024 and 2033.
  • By component, the hardware segment has held the largest market share of 49% in 2023.
  • By component, the services segment is anticipated to grow at a remarkable CAGR of 35.3% between 2024 and 2033.
  • By unit, the radio unit segment generated over 39% of the market share in 2023.
  • By unit, the distributed unit segment is expected to expand at the fastest CAGR over the projected period.
  • By deployment, the hybrid cloud segment generated 50% of the market share in 2023.
  • By deployment, the private cloud segment is expected to expand at the fastest CAGR over the projected period.

Open RAN Market Size 2024 to 2033

The Open RAN (Radio Access Network) market has witnessed substantial growth in recent years as the telecommunications industry undergoes a transformative shift towards more open and interoperable networks. Open RAN refers to a disaggregated approach to radio access that allows for the use of components from different vendors, promoting flexibility and reducing dependency on single suppliers. This shift from traditional, proprietary infrastructure has gained traction due to its potential to enhance network efficiency, reduce costs, and foster innovation within the telecommunications ecosystem.

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Growth Factors:

Several factors contribute to the growth of the Open RAN market. One key driver is the demand for increased network flexibility and scalability. Open RAN enables operators to deploy and manage networks more dynamically, accommodating the diverse needs of modern communication services. Moreover, the potential cost savings associated with adopting Open RAN solutions attract network operators looking to optimize their infrastructure expenses. The pursuit of vendor diversification and the desire to break free from vendor lock-in further propel the adoption of Open RAN, fostering a competitive landscape in the telecommunications sector.

Open RAN Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 33.40%
Global Market Size in 2023 USD 1.8 Billion
Global Market Size by 2033 USD 32 Billion
U.S. Market Size in 2023 USD 0.56 Billion
U.S. Market Size by 2033 USD 10.16 Billion
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Component, By Unit, and By Deployment
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Network as a Service Market Size to Worth USD 192.3 Bn by 2033

Opportunities

The Open RAN market presents promising opportunities for various stakeholders. As the technology continues to mature, there is an increasing potential for collaboration and innovation among different vendors. The open and interoperable nature of Open RAN allows for the integration of cutting-edge technologies, paving the way for enhanced network performance and the delivery of advanced services. Additionally, the global push towards 5G networks provides a significant opportunity for Open RAN to become a foundational element, offering operators the flexibility to adapt to evolving 5G standards and requirements.

Challenges

Despite its growth, the Open RAN market faces challenges that require careful navigation. Interoperability issues among components from different vendors can pose integration challenges for network operators, potentially leading to performance issues. Security concerns also arise as the openness of the network architecture introduces new vulnerabilities that need to be addressed comprehensively. Furthermore, the establishment of standardized interfaces and protocols is crucial for the seamless functioning of Open RAN, and achieving industry-wide consensus on these standards remains a challenge.

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Open RAN Market Companies

  • Mavenir
  • Altiostar
  • Parallel Wireless
  • Radisys
  • NEC Corporation
  • Qualcomm
  • Samsung
  • Airspan Networks
  • Fujitsu
  • NEC Corporation
  • Cisco
  • Nokia
  • Intel Corporation
  • ZTE Corporation
  • VMware

Segments Covered in the Report

By Component

  • Hardware
  • Software
  • Services

By Unit

  • Radio Unit
  • Distributed Unit
  • Centralized Unit

By Deployment

  • Private
  • Hybrid Cloud
  • Public Cloud

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Open RAN Market 

5.1. COVID-19 Landscape: Open RAN Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Open RAN Market, By Component

8.1. Open RAN Market, by Component, 2024-2033

8.1.1 Hardware

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Software

8.1.2.1. Market Revenue and Forecast (2021-2033)

8.1.3. Services

8.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 9. Global Open RAN Market, By Unit

9.1. Open RAN Market, by Unit, 2024-2033

9.1.1. Radio Unit

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Distributed Unit

9.1.2.1. Market Revenue and Forecast (2021-2033)

9.1.3. Centralized Unit

9.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global Open RAN Market, By Deployment 

10.1. Open RAN Market, by Deployment, 2024-2033

10.1.1. Private

10.1.1.1. Market Revenue and Forecast (2021-2033)

10.1.2. Hybrid Cloud

10.1.2.1. Market Revenue and Forecast (2021-2033)

10.1.3. Public Cloud

10.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 11. Global Open RAN Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Component (2021-2033)

11.1.2. Market Revenue and Forecast, by Unit (2021-2033)

11.1.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Component (2021-2033)

11.1.4.2. Market Revenue and Forecast, by Unit (2021-2033)

11.1.4.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Component (2021-2033)

11.1.5.2. Market Revenue and Forecast, by Unit (2021-2033)

11.1.5.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Component (2021-2033)

11.2.2. Market Revenue and Forecast, by Unit (2021-2033)

11.2.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Component (2021-2033)

11.2.4.2. Market Revenue and Forecast, by Unit (2021-2033)

11.2.4.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Component (2021-2033)

11.2.5.2. Market Revenue and Forecast, by Unit (2021-2033)

11.2.5.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Component (2021-2033)

11.2.6.2. Market Revenue and Forecast, by Unit (2021-2033)

11.2.6.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Component (2021-2033)

11.2.7.2. Market Revenue and Forecast, by Unit (2021-2033)

11.2.7.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Component (2021-2033)

11.3.2. Market Revenue and Forecast, by Unit (2021-2033)

11.3.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Component (2021-2033)

11.3.4.2. Market Revenue and Forecast, by Unit (2021-2033)

11.3.4.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Component (2021-2033)

11.3.5.2. Market Revenue and Forecast, by Unit (2021-2033)

11.3.5.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Component (2021-2033)

11.3.6.2. Market Revenue and Forecast, by Unit (2021-2033)

11.3.6.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Component (2021-2033)

11.3.7.2. Market Revenue and Forecast, by Unit (2021-2033)

11.3.7.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Component (2021-2033)

11.4.2. Market Revenue and Forecast, by Unit (2021-2033)

11.4.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Component (2021-2033)

11.4.4.2. Market Revenue and Forecast, by Unit (2021-2033)

11.4.4.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Component (2021-2033)

11.4.5.2. Market Revenue and Forecast, by Unit (2021-2033)

11.4.5.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Component (2021-2033)

11.4.6.2. Market Revenue and Forecast, by Unit (2021-2033)

11.4.6.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Component (2021-2033)

11.4.7.2. Market Revenue and Forecast, by Unit (2021-2033)

11.4.7.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Component (2021-2033)

11.5.2. Market Revenue and Forecast, by Unit (2021-2033)

11.5.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Component (2021-2033)

11.5.4.2. Market Revenue and Forecast, by Unit (2021-2033)

11.5.4.3. Market Revenue and Forecast, by Deployment (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Component (2021-2033)

11.5.5.2. Market Revenue and Forecast, by Unit (2021-2033)

11.5.5.3. Market Revenue and Forecast, by Deployment (2021-2033)

Chapter 12. Company Profiles

12.1. Mavenir

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Altiostar

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Parallel Wireless

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Radisys

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. NEC Corporation

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Qualcomm

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Samsung

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Airspan Networks

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Fujitsu

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. NEC Corporation

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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