The open radio access network market is expected to grow at a CAGR of 70.7% during the projected period. The market value is projected to increase from US$ 1.9 billion in 2024 to US$ 401 billion by 2034.
Attributes | Details |
---|---|
Open Radio Access Network Market Size, 2024 | US$ 1.9 billion |
Projected Market Size, 2034 | US$ 401 billion |
Value-based CAGR (2024 to 2034) | 70.7% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Attributes | Details |
---|---|
Top Component | Hardware |
CAGR from 2024 to 2034 | 70.5% |
Attributes | Details |
---|---|
Top Unit | Radio Unit |
CAGR from 2024 to 2034 | 70.3% |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Countries | CAGR (2024 to 2034) |
---|---|
United States | 70.9% |
United Kingdom | 71.8% |
China | 71.7% |
Japan | 72.5% |
South Korea | 73.4% |
The market is expected to grow significantly in the coming years as more operators adopt O-RAN technology in their networks. The market is highly competitive, with several large vendors and a growing number of smaller players offering O-RAN solutions.
The market is expected to become even more competitive as more vendors are entering and existing vendors are expanding their offerings. Large vendors are expected to dominate the market due to their established relationships with operators and their ability to offer end-to-end solutions.
However, smaller vendors are also expected to gain market share as operators seek more innovative and cost-effective solutions. The key players in the market are offering a range of solutions, including virtualized radio access network (vRAN) solutions, hardware and software solutions, and cloud-based solutions.
Recent Development in the Open Radio Access Network Market
In 2022, To enhance their 5G network capabilities, Nokia and AT&T have teamed up to create an RIC software platform. They have successfully conducted trials using external applications, known as 'xApps', at the edge of AT&T's live 5G mmWave network on an Open Cloud Platform.
The open radio access network market is estimated to be valued at US$ 1.9 billion in 2024.
The market in China is expected to progress at a CAGR of 71.7% over the forecast period.
Within the component, the hardware segment is expected to register a CAGR of 70.5% market from 2024 to 2034.
The United States accounts for around 70.9% of the global CAGR from 2024 to 2034.
The global market is set to reach a valuation of around US$ 401 billion by the end of 2034.
The demand for open radio access networks increased at a 74.0% CAGR from 2019 to 2023.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2024 to 2034 5.3.1. Hardware 5.3.2. Software 5.3.3. Services 5.3.3.1. Consulting 5.3.3.2. Deployment and Implementation 5.3.3.3. Support and Maintenance 5.4. Y-o-Y Growth Trend Analysis By Component, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Component, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Value 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Value, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Value, 2024 to 2034 6.3.1. Radio Value 6.3.2. Distributed Value 6.3.3. Centralized Value 6.4. Y-o-Y Growth Trend Analysis By Value, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Value, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Deployment 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2024 to 2034 7.3.1. Private 7.3.2. Hybrid Cloud 7.3.3. Public Cloud 7.4. Y-o-Y Growth Trend Analysis By Deployment, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Deployment, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Network 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) Analysis By Network, 2019 to 2023 8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Network, 2024 to 2034 8.3.1. 2G/3G 8.3.2. 4G 8.3.3. 5G 8.4. Y-o-Y Growth Trend Analysis By Network, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By Network, 2024 to 2034 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Frequency 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) Analysis By Frequency, 2019 to 2023 9.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Frequency, 2024 to 2034 9.3.1. Sub-6 GHz 9.3.2. mmWave 9.4. Y-o-Y Growth Trend Analysis By Frequency, 2019 to 2023 9.5. Absolute $ Opportunity Analysis By Frequency, 2024 to 2034 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. Introduction 10.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 10.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 10.3.1. North America 10.3.2. Latin America 10.3.3. Western Europe 10.3.4. Eastern Europe 10.3.5. South Asia and Pacific 10.3.6. East Asia 10.3.7. Middle East and Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. USA 11.2.1.2. Canada 11.2.2. By Component 11.2.3. By Value 11.2.4. By Deployment 11.2.5. By Network 11.2.6. By Frequency 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Component 11.3.3. By Value 11.3.4. By Deployment 11.3.5. By Network 11.3.6. By Frequency 11.4. Key Takeaways 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Brazil 12.2.1.2. Mexico 12.2.1.3. Rest of Latin America 12.2.2. By Component 12.2.3. By Value 12.2.4. By Deployment 12.2.5. By Network 12.2.6. By Frequency 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Component 12.3.3. By Value 12.3.4. By Deployment 12.3.5. By Network 12.3.6. By Frequency 12.4. Key Takeaways 13. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. Germany 13.2.1.2. UK 13.2.1.3. France 13.2.1.4. Spain 13.2.1.5. Italy 13.2.1.6. Rest of Western Europe 13.2.2. By Component 13.2.3. By Value 13.2.4. By Deployment 13.2.5. By Network 13.2.6. By Frequency 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Component 13.3.3. By Value 13.3.4. By Deployment 13.3.5. By Network 13.3.6. By Frequency 13.4. Key Takeaways 14. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. Poland 14.2.1.2. Russia 14.2.1.3. Czech Republic 14.2.1.4. Romania 14.2.1.5. Rest of Eastern Europe 14.2.2. By Component 14.2.3. By Value 14.2.4. By Deployment 14.2.5. By Network 14.2.6. By Frequency 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Component 14.3.3. By Value 14.3.4. By Deployment 14.3.5. By Network 14.3.6. By Frequency 14.4. Key Takeaways 15. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. India 15.2.1.2. Bangladesh 15.2.1.3. Australia 15.2.1.4. New Zealand 15.2.1.5. Rest of South Asia and Pacific 15.2.2. By Component 15.2.3. By Value 15.2.4. By Deployment 15.2.5. By Network 15.2.6. By Frequency 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Component 15.3.3. By Value 15.3.4. By Deployment 15.3.5. By Network 15.3.6. By Frequency 15.4. Key Takeaways 16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.1.1. China 16.2.1.2. Japan 16.2.1.3. South Korea 16.2.2. By Component 16.2.3. By Value 16.2.4. By Deployment 16.2.5. By Network 16.2.6. By Frequency 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Component 16.3.3. By Value 16.3.4. By Deployment 16.3.5. By Network 16.3.6. By Frequency 16.4. Key Takeaways 17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 17.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 17.2.1. By Country 17.2.1.1. GCC Countries 17.2.1.2. South Africa 17.2.1.3. Israel 17.2.1.4. Rest of MEA 17.2.2. By Component 17.2.3. By Value 17.2.4. By Deployment 17.2.5. By Network 17.2.6. By Frequency 17.3. Market Attractiveness Analysis 17.3.1. By Country 17.3.2. By Component 17.3.3. By Value 17.3.4. By Deployment 17.3.5. By Network 17.3.6. By Frequency 17.4. Key Takeaways 18. Key Countries Market Analysis 18.1. USA 18.1.1. Pricing Analysis 18.1.2. Market Share Analysis, 2023 18.1.2.1. By Component 18.1.2.2. By Value 18.1.2.3. By Deployment 18.1.2.4. By Network 18.1.2.5. By Frequency 18.2. Canada 18.2.1. Pricing Analysis 18.2.2. Market Share Analysis, 2023 18.2.2.1. By Component 18.2.2.2. By Value 18.2.2.3. By Deployment 18.2.2.4. By Network 18.2.2.5. By Frequency 18.3. Brazil 18.3.1. Pricing Analysis 18.3.2. Market Share Analysis, 2023 18.3.2.1. By Component 18.3.2.2. By Value 18.3.2.3. By Deployment 18.3.2.4. By Network 18.3.2.5. By Frequency 18.4. Mexico 18.4.1. Pricing Analysis 18.4.2. Market Share Analysis, 2023 18.4.2.1. By Component 18.4.2.2. By Value 18.4.2.3. By Deployment 18.4.2.4. By Network 18.4.2.5. By Frequency 18.5. Germany 18.5.1. Pricing Analysis 18.5.2. Market Share Analysis, 2023 18.5.2.1. By Component 18.5.2.2. By Value 18.5.2.3. By Deployment 18.5.2.4. By Network 18.5.2.5. By Frequency 18.6. UK 18.6.1. Pricing Analysis 18.6.2. Market Share Analysis, 2023 18.6.2.1. By Component 18.6.2.2. By Value 18.6.2.3. By Deployment 18.6.2.4. By Network 18.6.2.5. By Frequency 18.7. France 18.7.1. Pricing Analysis 18.7.2. Market Share Analysis, 2023 18.7.2.1. By Component 18.7.2.2. By Value 18.7.2.3. By Deployment 18.7.2.4. By Network 18.7.2.5. By Frequency 18.8. Spain 18.8.1. Pricing Analysis 18.8.2. Market Share Analysis, 2023 18.8.2.1. By Component 18.8.2.2. By Value 18.8.2.3. By Deployment 18.8.2.4. By Network 18.8.2.5. By Frequency 18.9. Italy 18.9.1. Pricing Analysis 18.9.2. Market Share Analysis, 2023 18.9.2.1. By Component 18.9.2.2. By Value 18.9.2.3. By Deployment 18.9.2.4. By Network 18.9.2.5. By Frequency 18.10. Poland 18.10.1. Pricing Analysis 18.10.2. Market Share Analysis, 2023 18.10.2.1. By Component 18.10.2.2. By Value 18.10.2.3. By Deployment 18.10.2.4. By Network 18.10.2.5. By Frequency 18.11. Russia 18.11.1. Pricing Analysis 18.11.2. Market Share Analysis, 2023 18.11.2.1. By Component 18.11.2.2. By Value 18.11.2.3. By Deployment 18.11.2.4. By Network 18.11.2.5. By Frequency 18.12. Czech Republic 18.12.1. Pricing Analysis 18.12.2. Market Share Analysis, 2023 18.12.2.1. By Component 18.12.2.2. By Value 18.12.2.3. By Deployment 18.12.2.4. By Network 18.12.2.5. By Frequency 18.13. Romania 18.13.1. Pricing Analysis 18.13.2. Market Share Analysis, 2023 18.13.2.1. By Component 18.13.2.2. By Value 18.13.2.3. By Deployment 18.13.2.4. By Network 18.13.2.5. By Frequency 18.14. India 18.14.1. Pricing Analysis 18.14.2. Market Share Analysis, 2023 18.14.2.1. By Component 18.14.2.2. By Value 18.14.2.3. By Deployment 18.14.2.4. By Network 18.14.2.5. By Frequency 18.15. Bangladesh 18.15.1. Pricing Analysis 18.15.2. Market Share Analysis, 2023 18.15.2.1. By Component 18.15.2.2. By Value 18.15.2.3. By Deployment 18.15.2.4. By Network 18.15.2.5. By Frequency 18.16. Australia 18.16.1. Pricing Analysis 18.16.2. Market Share Analysis, 2023 18.16.2.1. By Component 18.16.2.2. By Value 18.16.2.3. By Deployment 18.16.2.4. By Network 18.16.2.5. By Frequency 18.17. New Zealand 18.17.1. Pricing Analysis 18.17.2. Market Share Analysis, 2023 18.17.2.1. By Component 18.17.2.2. By Value 18.17.2.3. By Deployment 18.17.2.4. By Network 18.17.2.5. By Frequency 18.18. China 18.18.1. Pricing Analysis 18.18.2. Market Share Analysis, 2023 18.18.2.1. By Component 18.18.2.2. By Value 18.18.2.3. By Deployment 18.18.2.4. By Network 18.18.2.5. By Frequency 18.19. Japan 18.19.1. Pricing Analysis 18.19.2. Market Share Analysis, 2023 18.19.2.1. By Component 18.19.2.2. By Value 18.19.2.3. By Deployment 18.19.2.4. By Network 18.19.2.5. By Frequency 18.20. South Korea 18.20.1. Pricing Analysis 18.20.2. Market Share Analysis, 2023 18.20.2.1. By Component 18.20.2.2. By Value 18.20.2.3. By Deployment 18.20.2.4. By Network 18.20.2.5. By Frequency 18.21. GCC Countries 18.21.1. Pricing Analysis 18.21.2. Market Share Analysis, 2023 18.21.2.1. By Component 18.21.2.2. By Value 18.21.2.3. By Deployment 18.21.2.4. By Network 18.21.2.5. By Frequency 18.22. South Africa 18.22.1. Pricing Analysis 18.22.2. Market Share Analysis, 2023 18.22.2.1. By Component 18.22.2.2. By Value 18.22.2.3. By Deployment 18.22.2.4. By Network 18.22.2.5. By Frequency 18.23. Israel 18.23.1. Pricing Analysis 18.23.2. Market Share Analysis, 2023 18.23.2.1. By Component 18.23.2.2. By Value 18.23.2.3. By Deployment 18.23.2.4. By Network 18.23.2.5. By Frequency 19. Market Structure Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Market Share Analysis of Top Players 19.3.1. By Regional 19.3.2. By Component 19.3.3. By Value 19.3.4. By Deployment 19.3.5. By Network 19.3.6. By Frequency 20. Competition Analysis 20.1. Competition Deep Dive 20.1.1. Mavenir 20.1.1.1. Overview 20.1.1.2. Product Portfolio 20.1.1.3. Profitability by Market Segments 20.1.1.4. Sales Footprint 20.1.1.5. Strategy Overview 20.1.1.5.1. Marketing Strategy 20.1.2. NEC Corp. 20.1.2.1. Overview 20.1.2.2. Product Portfolio 20.1.2.3. Profitability by Market Segments 20.1.2.4. Sales Footprint 20.1.2.5. Strategy Overview 20.1.2.5.1. Marketing Strategy 20.1.3. Fujitsu Limited 20.1.3.1. Overview 20.1.3.2. Product Portfolio 20.1.3.3. Profitability by Market Segments 20.1.3.4. Sales Footprint 20.1.3.5. Strategy Overview 20.1.3.5.1. Marketing Strategy 20.1.4. Nokia Corporation 20.1.4.1. Overview 20.1.4.2. Product Portfolio 20.1.4.3. Profitability by Market Segments 20.1.4.4. Sales Footprint 20.1.4.5. Strategy Overview 20.1.4.5.1. Marketing Strategy 20.1.5. Samsung Electronics Co., Ltd. 20.1.5.1. Overview 20.1.5.2. Product Portfolio 20.1.5.3. Profitability by Market Segments 20.1.5.4. Sales Footprint 20.1.5.5. Strategy Overview 20.1.5.5.1. Marketing Strategy 20.1.6. Radisys Corporation 20.1.6.1. Overview 20.1.6.2. Product Portfolio 20.1.6.3. Profitability by Market Segments 20.1.6.4. Sales Footprint 20.1.6.5. Strategy Overview 20.1.6.5.1. Marketing Strategy 20.1.7. Parallel Wireless 20.1.7.1. Overview 20.1.7.2. Product Portfolio 20.1.7.3. Profitability by Market Segments 20.1.7.4. Sales Footprint 20.1.7.5. Strategy Overview 20.1.7.5.1. Marketing Strategy 20.1.8. ZTE Corporation 20.1.8.1. Overview 20.1.8.2. Product Portfolio 20.1.8.3. Profitability by Market Segments 20.1.8.4. Sales Footprint 20.1.8.5. Strategy Overview 20.1.8.5.1. Marketing Strategy 20.1.9. AT&T Inc. 20.1.9.1. Overview 20.1.9.2. Product Portfolio 20.1.9.3. Profitability by Market Segments 20.1.9.4. Sales Footprint 20.1.9.5. Strategy Overview 20.1.9.5.1. Marketing Strategy 20.1.10. Huawei Technologies Co., Ltd. 20.1.10.1. Overview 20.1.10.2. Product Portfolio 20.1.10.3. Profitability by Market Segments 20.1.10.4. Sales Footprint 20.1.10.5. Strategy Overview 20.1.10.5.1. Marketing Strategy 21. Assumptions & Acronyms Used 22. Research Methodology
Explore Technology Insights
View Reports