Open Radio Access Network (O-RAN) Market Size & Share, by Component (Hardware, Software, Services), Connectivity Technology (2G,3G,4G/LTE,5G), End-user (Residential, Commercial, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

Growth Drivers

• Massive and urban deployment of Open More extensive deployment of hundreds of sites on brownfield networks is being carried out in the area. As a result, many operators have been steadily adding open RAN to their current 2G,3G, and 4G mobile infrastructure. As per a survey conducted there is going to be a 20% hike in the use of O-RAN by 2035.
• The growth of demand for 5G network technologies all over the world- To increase their service capabilities, several carriers are deploying services with 430 million 5G deployments till 3^rd quarter of 2022. The introduction of 5G services is anticipated to be accelerated over the next several years across a wide range of regions. It is anticipated that investments in O-RAN will be stimulated by current competition to become the leader of 5G deployment. High bandwidth and low latency are expected to be provided by 5G. In particular, the users with large capacities and connections need 5G to meet a variety of network needs.
• Increased Number of Internet users - The increase in Internet connectivity around the world opens new opportunities for telecommunication service providers to grow their revenues. To meet the constantly rising expectations of customers, operators need to be able to satisfy them in terms of shortest latency, bandwidth, and longer peak availability. Mobile operators are investing heavily to take advantage of this new opportunity, to maintain their competitiveness in the market.

Challenges

• Security Threats in Radio Access Network
  The wireless architecture is exposed to new attacks such as unauthorized access to sensitive data due to its open broadcasting nature. In terms of the architecture of the Open System Interconnect Network Protocol, malicious attacks can occur at various levels. The CRAN will inherit from the Cognitive Radio Network, and it shall be based on an open network. Therefore, for several security threats, it also stands out.
• Shortage of skilled workers and absence of standard protocol.
• Integration of complex integrated systems.