Open Radio Access Network Market Analysis

Component (Hardware, Software, Services)

The hardware segment is anticipated to hold 56% of the O-RAN market during the forecast period, On the other hand, the software segment is expected to grow with the highest CAGR of 89% during the forecast period.

Connectivity Technology (2G,3G,4G/LTE,5G)

The O-RAN market is segregated as follows by connectivity technology, namely 2G, 3G, 4GLTE, and 5G. The largest market share in 2036 will be held by the 5G segment at 48.6%. The need to provide a rapid and high-capacity network is an essential factor in the demand for broadband services on mobile networks. To accelerate the development of 5G networking technologies, it is expected that there will be increased demand for High-Speed Data Communication. The demand for this sector is increasing as a result of the rising Internet of Things and the growth in telecommunications.

End-user (Residential, Commercial, Industrial)

The O-RAN market is divided into residential, commercial, industrial, and others based on end users. The industrial sector is projected to grow at the highest rate over the forecast period of 2023 to 2036. Increasing demand for better M2M communication solutions combined with increasing acceptance of Internet of Things technologies in the industry has contributed to this growth. The commercial sector is expected to grow substantially during the forecast period.

Our in-depth analysis of the global market includes the following segments: