PUBLISHER: Grand View Research | PRODUCT CODE: 1362991
PUBLISHER: Grand View Research | PRODUCT CODE: 1362991
Open RAN Market Size, Share & Trends Analysis Report By Deployment (Private, Public Cloud), By Network (4G, 5G), By Component (Software, Services), By Frequency (Sub-6 GHz, mmWave), By Unit, And Segment Forecasts, 2023 - 2030
Open RAN Market Growth & Trends:
The global open RAN market size is expected to reach USD 20.41 billion by 2030, growing at a CAGR of 33.0% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc.. An open radio access network (O-RAN or Open RAN) is a concept based on the standardization and interoperability of RAN elements, including open-source software elements and a unified interconnection standard for white-box hardware from various vendors. Increasing adoption of open RAN hardware and software owing to their numerous benefits, such as improved network performance, lower equipment costs, improved security, and network flexibility, is a major factor driving the growth of the market.
In addition, the increasing commercialization of 5G services and demand for O-RAN from mobile operators are further driving the market's growth. The O-RAN technology and architecture reduce mobile network deployment and maintenance costs by encouraging competition among vendors and streamlining network management. It also reduces the need for costly proprietary hardware and enables operators to source components from multiple vendors. This multi-vendor ecosystem ultimately saves costs and enhances network resiliency. Furthermore, open RAN is transforming the telecommunications industry by incorporating modern cloud and software technologies, ultimately propelling the market's growth.
Furthermore, the robust deployment of a 5G radio access network with several macrocells and small cell base stations and the introduction of open RAN components by several players worldwide is propelling the growth of the market. For instance, in October 2022, Vodafone Group Plc and Qualcomm Technologies, Inc. announced their partnership to develop, integrate, and test next-generation 5G radio units (RU) and distributed units (DUs) with Massive MIMO capabilities to meet the demands of the modern networks and to provide the commercial deployment of O-RAN in Europe.The growing demand for low latency and high-speed bandwidth connection and the increased focus of major organizations on research and development activities are some of the factors boosting the market growth.
In addition, the increasing deployment of 5G open RAN and core equipment across numerous applications, such as remote surgeries, smart cities, industrial robotics, enterprises, wireless cameras, and autonomous vehicles is further driving the growth of the market. The global deployment of O-RAN faced substantial delays during the COVID-19 pandemic due to factors, such as reduced network infrastructure spending and a limited workforce. Telecom providers prioritized focused capacity coverage rather than large-scale deployments due to the scarcity of investments and resources. However, post-pandemic, owing to the growing digital transformation & demand for 5G services, countries and companies are eagerly investing in integrating and developing O-RAN technology into their telecommunications infrastructure. This, in turn, is expected to improve the market growth.
Open RAN Market Report Highlights:
- The services segment is expected to register the fastest CAGR over the forecast period due to the growing demand for specialized expertise and support in managing & deploying O-RAN infrastructure
- The RUsegment will grow at a significant CAGR during the forecast period. In the O-RAN infrastructure, RU handles the physical radio functions and connects to the user equipment
- The public cloud segment accounted for the largest market share in 2022. High demand for cloud-native O-RAN architecture, as it provides flexibility, security, and scalability to networks,supports the segment's growth
- The 5G network segment is expected to grow at the highest CAGR over the forecast period. There is an increasing development of virtualized 5G RAN solutions for communication service providers (CSPs) as it offers improved flexibility and operational efficiency to fulfill the demands of their 5G customers
- The mmWave segment is expected to grow at the highest CAGR during the forecast period. The growing demand for low-latency and high-speed wireless communications is driving the adoption of mmWave frequencies in the market
- Asia Pacific is expected to grow at the highest CAGR from 2023 to 2030 due to the vast presence of O-RAN hardware and software providers and the growing market for IT and telecommunications in countries, such as China India, and Japan
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.4. Information Analysis
- 1.4.1. Market Formulation & Data Visualization
- 1.4.2. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing & Technology Trends
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.1.1. Increasing deployment of 5G network infrastructure
- 3.3.1.2. The vendor diversity, cost reduction, and flexibility offered by open RANs
- 3.3.2. Market Restraint Impact Analysis
- 3.3.2.1. High complexity and integration cost open RAN
- 3.3.3. Market Opportunity Impact Analysis
- 3.3.3.1. Increasing demand for open RAN from network operators
- 3.3.1. Market Driver Impact Analysis
- 3.4. Impact of COVID-19 Pandemic
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.2. PESTEL Analysis
Chapter 4. Open RAN Market: Component Estimates & Trend Analysis
- 4.1. Component Movement Analysis & Market Share, 2022 & 2030
- 4.2. Open RAN Market Estimates & Forecast, By Component
- 4.2.1. Hardware
- 4.2.2. Software
- 4.2.3. Services
- 4.2.3.1. Consulting
- 4.2.3.2. Deployment & Implementation
- 4.2.3.3. Support & Maintenance
Chapter 5. Open RAN Market: Unit Estimates & Trend Analysis
- 5.1. Unit Movement Analysis & Market Share, 2022 & 2030
- 5.2. Open RAN Market Estimates & Forecast, By Unit
- 5.2.1. Radio Unit
- 5.2.2. Distributed Unit
- 5.2.3. Centralised Unit
Chapter 6. Open RAN Market: Deployment Estimates & Trend Analysis
- 6.1. Deployment Movement Analysis & Market Share, 2022 & 2030
- 6.2. Open RAN Market Estimates & Forecast, By Deployment
- 6.2.1. Private
- 6.2.2. Hybrid Cloud
- 6.2.3. Public Cloud
Chapter 7. Open RAN Market: Network Estimates & Trend Analysis
- 7.1. Network Movement Analysis & Market Share, 2022 & 2030
- 7.2. Open RAN Market Estimates & Forecast, By Network
- 7.2.1. 2G/3G
- 7.2.2. 4G
- 7.2.3. 5G
Chapter 8. Open RAN Market: Frequency Estimates & Trend Analysis
- 8.1. Frequency Movement Analysis & Market Share, 2022 & 2030
- 8.2. Open RAN Market Estimates & Forecast, By Frequency
- 8.2.1. Sub-6 GHz
- 8.2.2. mmWave
Chapter 9. Open RAN Market: Regional Estimates & Trend Analysis
- 9.1. Open RAN Market: Regional Outlook
- 9.2. North America
- 9.2.1. North America Open RAN market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.2.1. U.S. Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.3. Europe
- 9.3.1. Europe Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.3.2. UK
- 9.3.2.1. UK Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.3.3. Germany
- 9.3.3.1. Germany Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.3.4. France
- 9.3.4.1. France Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.3.5. Italy
- 9.3.5.1. Italy Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.4.2. India
- 9.4.2.1. India Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.4.3. Japan
- 9.4.3.1. Japan Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.4.4. Australia
- 9.4.4.1. Australia Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.4.6. Malysia
- 9.4.6.1. South Korea Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.5. Latin America
- 9.5.1. Latin America Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.5.3. Mexico
- 9.5.3.1. Mexico Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.6. MEA
- 9.6.1. MEA Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.6.2. Kingdom of Saudi Arabia (KSA)
- 9.6.2.1. Kingdom of Saudi Arabia (KSA) Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.6.3. UAE
- 9.6.3.1. UAE Open RAN Market estimates & forecasts, 2022 - 2030 (USD Million)
- 9.6.4. South Africa
- 9.6.4.1. South Africa open RAN market estimates & forecasts, 2022 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Company Categorization
- 10.2. Participant's Overview
- 10.2.1. Mavenir
- 10.2.2. NEC Corporation
- 10.2.3. Fujitsu Limited
- 10.2.4. Nokia Corporation
- 10.2.5. Samsung Electronics Co., Ltd.
- 10.2.6. Radisys Corporation
- 10.2.7. Parallel Wireless
- 10.2.8. ZTE Corporation
- 10.2.9. AT&T Inc.
- 10.2.10. Huawei Technologies Co., Ltd.
- 10.3. Financial Performance
- 10.4. Product Benchmarking
- 10.5. Company Market Positioning
- 10.6. Company Market Share Analysis, 2022
- 10.7. Company Heat Map Analysis
- 10.8. Strategy Mapping
- 10.8.1. Expansion
- 10.8.2. Collaborations
- 10.8.3. Mergers & Acquisitions
- 10.8.4. New Product Launches
- 10.8.5. Partnerships
- 10.8.6. Others
List of Tables
- Table 1 Global Open RAN Market, by component, 2019 - 2030 (USD Million)
- Table 2 Global Open RAN Market, by deployment, 2019 - 2030 (USD Million)
- Table 3 Global Open RAN Market, by end-use devices, 2019 - 2030 (USD Million)
- Table 4 Company Market Share, 2022
- Table 5 Company Heat Map Analysis
- Table 6 Key companies undergoing expansion
- Table 7 Key companies undergoing collaborations
- Table 8 Key companies undergoing new product launch
- Table 9 Key companies undergoing mergers & acquisitions
- Table 10 Key companies undergoung other strategies
List of Figures
- Fig. 1 Open RAN Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Valudation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 Parent Market Value, 2022 (USD Billion)
- Fig. 10 Open RAN Market - Industry Value Chain Analysis
- Fig. 11 Open RAN Market Dynamics
- Fig. 12 Open RAN Market: PORTER's Analysis
- Fig. 13 Open RAN Market: PESTEL Analysis
- Fig. 14 Open RAN Market, by Component: Key Takeaways
- Fig. 15 Open RAN Market, by Component: Market Share, 2022 & 2030
- Fig. 16 Open RAN Market estimates & forecasts, by hardware, 2019 - 2030 (USD Million)
- Fig. 17 Open RAN Market estimates & forecasts, by software, 2019 - 2030 (USD Million)
- Fig. 18 Open RAN Market estimates & forecasts, by services, 2019 - 2030 (USD Million)
- Fig. 19 Open RAN Market estimates & forecasts, by Consulting, 2019 - 2030 (USD Million)
- Fig. 20 Open RAN Market estimates & forecasts, by Deployment and Implementation, 2019 - 2030 (USD Million)
- Fig. 21 Open RAN Market estimates & forecasts, by Support and Maintenance, 2019 - 2030 (USD Million)
- Fig. 22 Open RAN Market, by Unit: Key Takeaways
- Fig. 23 Open RAN Market, by Unit: Market Share, 2022 & 2030
- Fig. 24 Open RAN Market estimates & forecasts, by radio unit, 2019 - 2030 (USD Million)
- Fig. 25 Open RAN Market estimates & forecasts, by distributed unit, 2019 - 2030 (USD Million)
- Fig. 26 Open RAN Market estimates & forecasts, by centralised unit, 2019 - 2030 (USD Million)
- Fig. 27 Open RAN Market, by Deployment: Key Takeaways
- Fig. 28 Open RAN Market, by Deployment: Market Share, 2022 & 2030
- Fig. 29 Open RAN Market estimates & forecasts, by private, 2019 - 2030 (USD Million)
- Fig. 30 Open RAN Market estimates & forecasts, by hybrid cloud, 2019 - 2030 (USD Million)
- Fig. 31 Open RAN Market estimates & forecasts, by public cloud, 2019 - 2030 (USD Million)
- Fig. 32 Open RAN Market, by Network: Key Takeaways
- Fig. 33 Open RAN Market, by Network: Market Share, 2022 & 2030
- Fig. 34 Open RAN Market estimates & forecasts, by 2G/3G, 2019 - 2030 (USD Million)
- Fig. 35 Open RAN Market estimates & forecasts, by 4G, 2019 - 2030 (USD Million)
- Fig. 36 Open RAN Market estimates & forecasts, by 5G, 2019 - 2030 (USD Million)
- Fig. 37 Open RAN Market, by Frequency: Key Takeaways
- Fig. 38 Open RAN Market, by Frequency: Market Share, 2022 & 2030
- Fig. 39 Open RAN Market estimates & forecasts, by sub-6 GHz, 2019 - 2030 (USD Million)
- Fig. 40 Open RAN Market estimates & forecasts, by mmWave, 2019 - 2030 (USD Million)
- Fig. 41 North America Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 42 U.S. Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 43 Canada Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 44 Europe Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 45 UK Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 46 Germany Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 47 France Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 48 Italy Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 49 Asia Pacific Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 50 India Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 51 Japan Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 52 Australia Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 53 South Korea Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 54 Malysia Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 55 Latin America Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 56 Brazil Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 57 Mexico Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 58 MEA Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 59 Kingdom of Saudi Arabia (KSA) Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 60 UAE Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 61 South Africa Open RAN Market estimates & forecasts, 2019 - 2030 (USD Million)
- Fig. 62 Key Company Categorization
- Fig. 63 Company Market Positioning
- Fig. 64 Company Market Share Analysis, 2022
- Fig. 65 Strategic framework
