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.
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The Open RAN (Radio Access Network) market is being transformed due to several key factors reshaping the telecom industry. To improve network robustness, decrease dependence on traditional vendors, and improve operational flexibility while reducing costs, operators are largely adopting open RAN solutions. This market covers type of offerings, network deployment, frequency bands, and deployment phases. Offerings range from essential hardware components like base stations to software managing virtualized functionalities, along with various services such as consultancy and maintenance solutions. Network deployment covers public networks and private networks. Frequency bands include sub-6GHz for broad coverage and mmWave for high-speed, low-latency connections. Deployment phases consist of brownfield integrations into existing networks and greenfield deployments establishing entirely new networks.
“Based on frequency band, Sub-6GHz segment to hold the largest market size during the forecast period.”
The Sub-6GHz segment is estimated to capture the largest market size throughout the forecast period. The demand for sub-6GHz frequencies has increased due to its extensive coverage capabilities, making it important for delivering connectivity across different environments. Moreover, their ability to propagate over long distances and penetrate obstacles effectively ensures reliable connectivity. It provides support for mobile broadband, IoT, and industrial use cases. Moreover, the investment and deployment of sub-6GHz spectrum bands have increased due to the global availability and regulatory support, strengthening its position in open RAN ecosystem.
“Based on the deployment phase, the brownfield segment is expected to have a higher growth rate during the forecast period.”
Brownfield deployment is a strategic approach in which open RAN equipment is seamlessly integrated into an existing telecom infrastructure. Transitioning from traditional, single-vendor, closed RAN systems to a disaggregated RAN architecture, open RAN promotes using equipment from various vendors that comply with open interfaces and standards, encouraging competition and ensuring interoperability. Brownfield deployment helps operators to choose from different equipment suppliers without overhauling their entire networks. Using brownfield deployment is a feasible choice for operators who want to switch to open RAN without causing big disruptions. It’s expected to become more popular as the open RAN market grows and gets better.
“North America is estimated to have the second-largest market size during the forecast period.”
North America focuses on innovation, flexibility, and cost efficiency in mobile network setups contributing to rapid growth of Open RAN. This trend enables operators to choose the best solutions from various vendors instead of relying on just one. In the US, Dish Network supports the deployment of open RAN. In Canada, companies like Bell Canada and Rogers Communications are working towards upgradation of their networks using open RAN. Key players in this market include established giants like Ericsson, Nokia, and Samsung and start-ups, such as Mavenir and Parallel Wireless. Open RAN brings benefits like flexible network design, cost reduction through competition, and fostering innovation in the telecom industry.
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Unique Features in the Open Radio Access Network Market
By encouraging the separation of software and hardware within the RAN ecosystem, open RAN enables operators to purchase parts from several suppliers. Compared to the traditional RAN market, where hardware and software are usually offered by a single vendor who integrates them, this is a substantial shift.
Through its ability to disrupt the telecom market’s dependence on a small number of dominant companies, the Open RAN concept promotes vendor diversity. This increases competition by making it easier for smaller and new providers to compete. The end effect is a more dynamic market with a wide range of innovations and solutions that reduce expenses and raise the caliber of services.
Open RAN’s modular approach to network architecture can lead to significant cost savings. By leveraging off-the-shelf hardware and open-source software, operators can reduce both capital expenditure (CAPEX) and operational expenditure (OPEX). The ability to choose from a broader range of vendors also helps in negotiating better pricing and reducing total cost of ownership.
One of the standout features of Open RAN is the ability to customize network components to better meet specific requirements. Operators have the flexibility to implement software-driven upgrades and deploy new services more quickly. This is particularly beneficial in adapting to varying traffic demands, geographical requirements, and emerging technologies such as 5G and beyond.
The open standards promoted by Open RAN foster a collaborative environment where different stakeholders, including operators, vendors, and research institutions, can innovate together. This collaborative ecosystem accelerates the development of new features, functionalities, and use cases, ultimately driving the evolution of the telecom industry.
Major Highlights of the Open Radio Access Network Market
With telecom operators adopting more open and interoperable network technologies, the open RAN industry is expanding quickly. The demand for more adaptable, affordable, and vendor-neutral options to conventional RAN models is fueling this expansion. Open RAN adoption is rising as a result of the move towards 5G and beyond, as operators want to update existing networks with more scalable and agile technologies.
The growth in involvement from a wide spectrum of vendors is one of the Open RAN market’s most notable features. In contrast to traditional RAN, which is controlled by a small number of powerful companies, Open RAN has allowed smaller and more niche manufacturers to join the market.
The development and adoption of Open RAN are being strongly supported by industry alliances such as the O-RAN Alliance and the Telecom Infra Project (TIP). These organizations play a crucial role in developing and promoting open standards, ensuring interoperability, and fostering collaboration among industry stakeholders.
Cost efficiency is a major highlight of the Open RAN market. By decoupling hardware and software and allowing operators to source components from multiple vendors, Open RAN enables significant reductions in both capital and operational expenses.
Open RAN is receiving increasing attention and support from governments and regulatory bodies worldwide. Many governments view Open RAN as a strategic tool to reduce dependency on a limited number of suppliers, enhance national security, and promote innovation in the telecom sector.
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Top Companies in the Open Radio Access Network Market
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.
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.
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