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% |
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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% |
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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
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