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Global Open Radio Access Network [O-RAN] Market to Cross $15.6 billion by 2027, growing at a CAGR of 70.5%: Report by MarketsandMarkets™

MarketsandMarkets Research Pvt. Ltd.
MarketsandMarkets Research Pvt. Ltd.

Benefits of Open RAN such as lower equipment costs, and improved network performance and leading to more competitive market is driving the market growth.

Chicago, Feb. 01, 2023 (GLOBE NEWSWIRE) -- The global Open RAN Market size to grow USD 1.1 billion in 2022 to USD 15.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 70.5% during the forecast period. The reduction in time and risk of deploying new services and revenue streams is driving the growth of the Open RAN Market.

Browse in-depth TOC on "Open RAN Market"

313 - Tables
51 - Figures
254 - Pages

Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153445936

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Scope of the Report

Report Metrics

Details

Market size available for years

2016–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD Million/Billion)

Segments covered

By component, type, frequency, radio interface, access, network, and region

Regions covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

Ericsson (Sweden), Nokia (Finland), Samsung (South Korea), NEC Corporation (Japan), Hewlett Packard Enterprise (US), VMware (US), Huawei (China), AT&T (US), Fujitsu (Japan), IBM (US), Orange (France), Airspan Networks (US), Mavenir (US), CommScope (US), Viavi Solutions (US), Amdocs (US), Renesas (Japan), MTN Group (South Africa), Entel (Chile), Comba Telecom (China), KDDI (Japan), SingTel (Singapore), TIM (Italy), Telefonica (Spain), Sivers Semiconductors (Sweden), NXP Semiconductors (Netherlands), Picocom (UK), Etisalat (UAE), Mobily (Saudi Arabia), XCOM Labs (US), DeepSig (US), ZTE (China), Celona (US), LIME Microsystems (UK), Verana Networks (US), Microamp Solutions (Poland).

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The scope of this report covers the Open RAN Market by component, type, frequency, radio interface, access, network, and region.

By component, hardware segment is estimated to account for the largest market share. The mobile network operators are going to look for opportunities to raise the performance of hardware and software. With an aim for a network that should be increasingly disaggregated. Also, the introduction of open interfaces in Open RAN and other network disaggregation technologies is results in lowering the barrier for new market entrants.

By frequency, the mmWave segment is estimated to account for the highest CAGR during the forecast period. Millimeter wave (mmWave) technology is a high-capacity solution in the wireless domain. It is recognized for its enormous bandwidth but still there are lots of challenges for channel modeling due to its inherent characteristics of absorption and path loss. Major players are investing in the development of the technology. In February 2022, Qualcomm Technologies collaborated with Fujitsu to commercialize next generation 5G mmWave integrated DU and RU to drive the transition toward the modern network.

North America is projected to account for the largest market share among other regions in the Open RAN Market, and the trend is projected to continue until 2027. The US and Canada are the leading countries in the region. These countries have sustainable and well-established economic growth, empowering them to increasingly invest in R&D activities, thereby contributing to the development of the Open RAN Market.

Market Players

The major vendors covered in the Open RAN Market include Ericsson (Sweden), Nokia (Finland), Samsung (South Korea), NEC Corporation (Japan), Hewlett Packard Enterprise (US), VMware (US), Huawei (China), AT&T (US), Fujitsu (Japan), IBM (US), Orange (France), Airspan Networks (US), Mavenir (US), CommScope (US), Viavi Solutions (US), Amdocs (US), Renesas (Japan), MTN Group (South Africa), Entel (Chile), Comba Telecom (China), KDDI (Japan), SingTel (Singapore), TIM (Italy), Telefonica (Spain), Sivers Semiconductors (Sweden), NXP Semiconductors (Netherlands), Picocom (UK), Etisalat (UAE), Mobily (Saudi Arabia), XCOM Labs (US), DeepSig (US), ZTE (China), Celona (US), LIME Microsystems (UK), Verana Networks (US), Microamp Solutions (Poland).

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CONTACT: About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com