What is the present valuation and projected CAGR of the open radio access network (ran) market?
The open radio access network (RAN) market size has grown exponentially in recent years. It will grow from $3.72 billion in 2024 to $5.06 billion in 2025 at a compound annual growth rate (CAGR) of 36.2%. The growth in the historic period can be attributed to an increase in demand for network flexibility, a rise in cost efficiency, a surge in network virtualization, an increase in government support, and an increase in rural and remote connectivity.
The open radio access network (RAN) market size is expected to see exponential growth in the next few years. It will grow to $17.23 billion in 2029 at a compound annual growth rate (CAGR) of 35.8%. The growth in the forecast period can be attributed to rising data consumption, expansion of smart manufacturing and industry 4.0, growing need among organizations to simplify network management, and growing demand for consulting, increasing smartphone penetration. Major trends in the forecast period include technological innovation, proliferation of IoT devices and emerging technologies, artificial intelligence (AI) and machine learning (ML), a shift toward open standards, and technological advancements.
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What key drivers have fueled the open radio access network (ran) market’s development over the years?
The increasing smartphone penetration is expected to propel the growth of the open radio access network (RAN) market going forward. Smartphone penetration is attributed to factors such as the affordability of devices, improved network infrastructure, technological advancements, the globalization of mobile services, increased availability in emerging markets, and higher digital literacy. Open RAN is beneficial for smartphone penetration as it enables cost-effective, flexible, and scalable network solutions, which help expand coverage, especially in underserved areas, thereby making smartphones more accessible to a larger population. For instance, in December 2023, according to Demandsage, a US-based software company, in 2024, the global number of smartphone users is expected to reach 7.10 billion, growing to 7.70 billion by 2027. In the United States, the smartphone penetration rate is projected to rise to 82.20% in 2023, compared to 76.50% in 2022. Therefore, increasing smartphone penetration is driving the growth of the open RAN market.
What is the segmentation for the open radio access network (ran) market?
The open radio access network (RAN) market covered in this report is segmented –
1) By Type: Open Radio Access Network Radio Unit, Open Virtualized Radio Access Network
2) By Component: Hardware, Software, Services
3) By Frequency: Sub-6GHz, mmWave
4) By Unit: Radio Unit, Distributed Unit, Centralized Unit
5) By Deployment: Private, Hybrid Cloud, Public Cloud
Subsegments:
1) By Open Radio Access Network Radio Unit: Macrocell Radio Unit, Small Cell Radio Unit, Massive MIMO Radio Unit
2) By Open Virtualized Radio Access Network: Cloud RAN (C-RAN), Edge RAN, Private Network RAN
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Who are the most influential companies in the open radio access network (ran) market?
Major companies operating in the open radio access network (RAN) market are Samsung Electronics Co. Ltd., Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Deutsche Telekom AG, Dell Technologies Inc., HuaweiTech, Intel Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Qualcomm Incorporated, Telefonica S.A., Broadcom Inc., Google LLC, Hewlett Packard Enterprise (HPE), Fujitsu Limited, Ericsson India Limited, Nokia Corporation, NEC Corporation, Advanced Micro Devices Inc. (AMD), VMware LLC, CommScope, Juniper Networks Inc., NTT Docomo Inc., Orange Group, Mavenir Systems Inc., Spirent Communications plc
How will emerging trends drive the open radio access network (ran) market throughout the forecast period?
Major companies operating in the open radio access network (RAN) market are focusing on strategic investments to accelerate the adoption of Open RAN technologies, enhance their product portfolios, and foster partnerships for innovation. Strategic investments help Open RAN by fostering innovation, promoting interoperability, reducing deployment costs, scaling solutions, and building a robust ecosystem to accelerate the adoption of flexible, multi-vendor networks. For instance, in July 2024, EchoStar Corporation, a US-based telecommunications company, launched the Open RAN Center for Integration and Deployment (ORCID). The Open RAN Center for Integration and Deployment (ORCID) is a facility that allows vendors to test and validate O-RAN solutions on EchoStar’s live, commercial-grade, cloud-native Open RAN network. The NTIA Public Wireless Supply Chain Innovation Fund supports it with a $50 million grant.
What are the major regional insights for the open radio access network (ran) market, and which region holds the top position?
North America was the largest region in the open radio access network (RAN) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the open radio access network (RAN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Open Radio Access Network (RAN) Market Report 2025 Offer?
The open radio access network (ran) market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Open radio access network (RAN) refers to a framework in telecommunications that promotes the use of open, interoperable interfaces and standards in the radio access network (RAN) infrastructure. Open RAN is used to make mobile networks more flexible, cost-effective, and innovative. It allows operators to combine equipment and software from different companies, improving network performance, enabling faster 4G and 5G rollouts, and reducing reliance on single vendors.
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