Open Radio Access Network Market Size

O-RAN Market size was valued at USD 1.69 Billion in 2023 and is anticipated to cross USD 455.81 Billion by the end of 2036, registering more than 53.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of open radio access network (O-RAN) is estimated at USD 2.51 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.