Open Radio Access Network Market Size

O-RAN Market size was over USD 2.54 billion in 2024 and is projected to reach USD 672.85 billion by 2037, witnessing around 53.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of bioengineered protein drug is evaluated at USD 3.63 billion. Growing demand to improve network coverage is majorly responsible for the growth of the Open RAN Market. To meet the increasing demand for higher-speed internet and large network coverage of various new user applications like Autonomous Driving, Augmented Reality, and Telemedicine, Network Operators are working towards improving network coverage to take advantage of this trend. Furthermore, the market is expected to be stimulated by growing demand for mobile broadband technology, high-speed transmission of data, and information processing.

Also, the increasing adoption of Software Defined Networking (SDN) and Network Function Virtualization (NFV) in network infrastructure is supporting market value. Moreover, the demand for open radio access network solutions is also increasing due to supportive government initiatives aimed at improving telecommunications infrastructure.