Open Radio Access Network Market Share

APAC Market Forecast

Asia Pacific O-RAN market is anticipated to hold maximum market share, accounting for 37% of the market. The regional market is expected to attain a revenue of USD 8,150.95 million by 2028 growing at a CAGR of 81.7% over the forecast period. The market growth is a result of the investments made in advanced entertainment systems for autonomous vehicles. With the ongoing digitization, investments in IoT and AI technologies provide a direct boost for the market. In addition, given the growing uptake of 5G base stations supported by increased R&D investments and development from many key players working in the telecoms sector to develop an efficient ORAN solution, this market is expected to expand.

North American Market Statistics

Open RAN Market in North America is in 2^nd position and gained a revenue of US 134.38 million, in 2021. Increasing Virtual meetings and cloud-based services adopted by end-users are the primary growth drivers in this region. In North America, the primary markets for ORAN are in the United States and Canada. Driving the growth of ORAN to the US is mainly due to the increasing uptake of IoT II and OT, together with growing research and development activities that will lead to more effective solutions for ORAN. Apart from this, the United States government considers open RAN a useful strategy for cell phone service providers not to use telecommunications equipment provided by Chinese manufacturers like Huawei and ZTE.