Open Radio Access Network Market Trends

  • Report ID: 2781
  • Published Date: Jul 23, 2024
  • Report Format: PDF, PPT

Open Radio Access Network Market Trends

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 3rd 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.

Open Radio Access Network Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

53.8%

Base Year Market Size (2023)

USD 1.69 Billion

Forecast Year Market Size (2036)

USD 455.81 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Abhishek Verma


  • Report ID: 2781
  • Published Date: Jul 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of open radio access network (O-RAN) is estimated at USD 2.51 Billion.

The open radio access network (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. The growth of demand for 5G network technologies all over the world and the increased Number of Internet users are the major growth factors for the market.

Asia Pacific industry is likely to hold 37% of the revenue share by 2036, impelled by rising investments in advanced entertainment systems for autonomous vehicles in the region.

Huawei Technologies Co., Ltd, Metaswitch Networks Ltd, VIAVI Solutions Inc., Nokia, NTT DOCOMO, Casa Systems, Parallel Wireless, NTS Technology Services Pvt. Ltd, Comba Telecom Systems Holdings Ltd., Radisys
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