O-RAN Near-Real-Time RAN Intelligent Controller Market Size

O-RAN Near-Real-Time RAN Intelligent Controller Market size was over USD 3.9 Billion in 2023 and is set to exceed USD 45.6 Billion by the end of 2036, growing at over 48.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of o-ran near-real-time ran intelligent controller is estimated at USD 4.8 Billion. The growth of the market can be attributed to the increasing need and demand for a much-advanced intelligent controller systems in the wake of 5G network architecture expansion. For instance, the 5G network is expected to cover nearly one-third of the total population by the end of 2035. Telecom companies are co-developing an open-source software that aligns the O-RAN Target architecture. This accelerates the deployment of open-source software for the 5G RAN, which in turn is expected to boost the growth of the market.  

In addition to these, factors that are believed to fuel the market growth of O-RAN Near-Real-Time RAN Intelligent Controller include the soaring investments and collaboration between major key players to discover effective ways to manage the O-RAN architecture. For instance, in the year 2021, the O-RAN ALLIANCE announced the signing of a cooperation agreement with European Telecommunications Standards Institute (ETSI), to promote regional and international standardization of the 3GPP technologies.