The Business Research Company’s report on the Open Radio Access Network (RAN) Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the open radio access network (ran) market’s growth in recent 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.
Access Your Free Sample of the Global Open Radio Access Network (RAN) Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=21532&type=smp
How does the future projection of the open radio access network (ran) market size compare to its historical growth?
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.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=21532&type=smp
Which key players are shaping the future of 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
What trends will propel the growth and evolution of the open radio access network (ran) market?
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.
Which regions are expected to become dominant players in the open radio access network (ran) market?
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.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/open-radio-access-network-ran-global-market-report
What are the emerging key segments in the open radio access network (ran) market, and how are they evolving?
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
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=21532
What defines the structure and scope of the open radio access network (ran) market?
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.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
