Open Radio Access Network (Open RAN) Market Size, Share, Growth Analysis, By Offering (Hardware, Software, Services), Network Deployment (Public and Private), Frequency Band (Sub-6GHz, mmWave), Deployment Phase, & Region - Global Industry Forecast to 2030

Open Radio Access Network (Open RAN) Market Size, Share, Growth Analysis, By Offering (Hardware, Software, Services), Network Deployment (Public and Private), Frequency Band (Sub-6GHz, mmWave), Deployment Phase, & Region - Global Industry Forecast to 2030

The open RAN market is estimated at USD 2.8 billion in 2024 to USD 20.9 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 39.4%. Rising network flexibility and compatibility demand owing to the usage of Open RAN technology by telecom operators helps to reduce single vendors dependency and embrace multi-vendor environments. Emerging 5G technology fuels the need for more cost-effective and scalable network infrastructure solutions. The open RAN adoption is also affected by regulatory initiatives that promote the acceptance of open standards. Additionally, industry players want to speed up innovation in open RAN technology and its deployment through cost savings and performance enhancements. Furthermore, the increasing focus on virtualization and cloud-native technologies aligns well with the principles of open RAN, further driving its momentum.

By offering, the services segment is expected to register the highest CAGR during the forecast period.

The services segment is expected to hold a higher growth rate in the open RAN market due to several compelling factors. There has been an increase in demand for network planning & optimization, deployment and integration, support and maintenance services by companies adopting open RAN solutions as these services assist them in facilitating deployment and optimization of these solutions. The growing emphasis on virtualization and cloud-native architectures within the telecom industry is expected to fuel demand for services related to virtualized network functions and cloud integration.

Greenfield is expected to hold the largest market share during the forecast period. In the open RAN market, greenfield deployments provide unmatched flexibility, the potential for innovation, and cost savings to operators. Such deployments enable the selection of best-in-class vendors for diverse network components such as the Radio Unit (RU), Distributed Unit (DU), and Central Unit (CU) from an array of suppliers, avoiding the limitations imposed by single vendor proprietary systems. The open vendor setup boosts innovation and quickly brings new features and technologies allowing new vendors to join. Despite these obstacles, greenfield deployments represent a substantial opportunity for operators to construct adaptable, future-oriented networks that leverage the competitive and innovative advantages of the open RAN market.

North America is estimated to have the second-largest market size during the forecast period.

North America's high-speed connectivity, coverage, and modern telecom ecosystem support the adoption and integration of Open RAN systems. Government programs foster innovation and competitiveness in the telecom industry. Furthermore, a number of top companies are actively funding R&D in North America to enhance the functionality and scalability of Open RAN systems. The adoption is further boosted by the rollout of 5G networks across the area which is motivated by growing consumer demand for high-speed data services and emerging applications.

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the open RAN market.

By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%

By Designation: C-level –38%, D-level – 30%, and Others – 22%

By Region: North America – 40%, Europe – 15%, Asia Pacific – 35%, and Rest of the World – 10%.

The major players in the open RAN market are Ericsson (Sweden), Nokia (Finland), Samsung (South Korea), NEC Corporation (Japan), Mavenir (US), Huawei Technologies (China), HPE (US), Broadcom (US), Fujitsu (Japan), Viavi Solutions (US), Juniper Networks (US), Amdocs (US), Wind River Systems (US), Rakuten (Japan), Comba Telecom (China), Intel (US), Radisys (US), Keysight Technologies (US), MaxLinear (US), Airspan Networks (US), Picocom (England), Sivers Semiconductors (Sweden), Celona (US), Globalstar (US), DeepSig (US), Cohere Technologies (US), Verana Networks (US), Digis Squared (UK), Parallel Wireless (US), Baicells Technologies (China), Gigatera (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their open RAN market footprint.

Research Coverage

The market study covers the open RAN market size across different segments. It aims at estimating the market size and the growth potential across different segments, including offering (hardware, software, service), network deployment (public network and private network), frequency band (Sub-6GHz, mmWave, other frequency bands), deployment phase (brownfield and greenfield) and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the global open RAN market’s revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

1. Analysis of key drivers (demand for enhanced network flexibility and accelerated innovation, significant reduction in TCO, and implementation of beamforming technology resolving bitrate problem in fronthaul networks), restraints (high integration cost and complexity), opportunities (commercialization of 5G services, rising demand for open RAN from mobile operators, and acceptance of open fronthaul standard boosting commercial network deployment of Open RAN), and challenges (carrier-grade scalability and complicated systems due to multi-vendor environment) influencing the growth of the open RAN market.

2. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the open RAN market.

3. Market Development: Comprehensive information about lucrative markets – the report analyses the open RAN market across various regions.

4. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the open RAN market.

5. Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading companies including Ericsson (Sweden), Nokia (Finland), Samsung (South Korea), NEC Corporation (Japan), Mavenir (US), Huawei Technologies (China), HPE (US), Broadcom (US), Fujitsu (Japan), Viavi Solutions (US), Juniper Networks (US), Amdocs (US), Wind River Systems (US), Rakuten (Japan), Comba Telecom (China), Intel (US), Radisys (US), Keysight Technologies (US), MaxLinear (US), Airspan Networks (US), Picocom (England), Sivers Semiconductors (Sweden), Celona (US), Globalstar (US), DeepSig (US), Cohere Technologies (US), Verana Networks (US), Digis Squared (UK), Parallel Wireless (US), Baicells Technologies (China), Gigatera (US).

Tables List

Table 1 Usd Exchange Rates, 2019–2023

Table 2 Factor Analysis

Table 3 Average Selling Price Trends Of Key Players, By Hardware (Usd)

Table 4 Open Radio Access Network Market: Ecosystem

Table 5 Open Radio Access Network Market: Detailed List Of Conferences

And Events, 2024

Table 6 Tariff Related To Machines For Reception, Conversion, And Transmission Or Regeneration Of Voice, Images, Or Other Data (851769)

Table 7 North America: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 8 Europe: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 9 Asia Pacific: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 10 Rest Of The World: List Of Regulatory Bodies, Government Agencies, And Other Organizations

Table 11 Porter’s Five Forces Impact On Open Radio Access Network Market

Table 12 Influence Of Stakeholders On Buying Process For Network Operators

Table 13 Key Buying Criteria For Network Operators

Table 14 Open Radio Access Network Market, By Offering,

2024–2030 (Usd Million)

Table 15 Hardware: Open Radio Access Network Market, By Region,

2024–2030 (Usd Million)

Table 16 Hardware: Open Radio Access Network Market, By Type,

2024–2030 (Usd Million)

Table 17 Radio Units: Open Radio Access Network Market, By Region,

2024–2030 (Usd Million)

Table 18 Centralized Units/Distributed Units: Open Radio Access Network Market, By Region, 2024–2030 (Usd Million)

Table 19 Other Hardware: Open Radio Access Network Market, By Region,

2024–2030 (Usd Million)

Table 20 Software: Open Radio Access Network Market, By Region,

2024–2030 (Usd Million)

Table 21 Software: Open Radio Access Network Market, By Type,

2024–2030 (Usd Million)

Table 22 Network Orchestration & Management Software: Open Radio Access Network Market, By Region, 2024–2030 (Usd Million)

Table 23 Ran Intelligent Controller: Open Radio Access Network Market,

By Region, 2024–2030 (Usd Million)

Table 24 Other Software: Open Radio Access Network Market, By Region,

2024–2030 (Usd Million)

Table 25 Services: Open Radio Access Network Market, By Region,

2024–2030 (Usd Million)

Table 26 Services: Open Radio Access Network Market, By Type,

2024–2030 (Usd Million)

Table 27 Network Planning & Optimization: Open Radio Access Network Market, By Region, 2024–2030 (Usd Million)

Table 28 Deployment & Integration: Open Radio Access Network Market,

By Region, 2024–2030 (Usd Million)

Table 29 Support & Maintenance: Open Radio Access Network Market, By Region, 2024–2030 (Usd Million)

Table 30 Open Radio Access Network Market, By Network Deployment,

2024–2030 (Usd Million)

Table 31 Public Networks: Open Radio Access Network Market, By Region,

2024–2030 (Usd Million)

Table 32 Private Networks: Open Radio Access Network Market, By Region, 2024–2030 (Usd Million)

Table 33 Open Radio Access Network Market, By Frequency Band,

2024–2030 (Usd Million)

Table 34 Sub-6ghz: Open Radio Access Network Market, By Region,

2024–2030 (Usd Million)

Table 35 Mmwave: Open Radio Access Network Market, By Region,

2024–2030 (Usd Million)

Table 36 Other Frequency Bands: Open Radio Access Network Market, By Region, 2024–2030 (Usd Million)

Table 37 Open Radio Access Network Market, By Deployment Phase,

2024–2030 (Usd Million)

Table 38 Greenfield: Open Radio Access Network Market, By Region,

2024–2030 (Usd Million)

Table 39 Brownfield: Open Radio Access Network Market, By Region,

2024–2030 (Usd Million)

Table 40 Open Radio Access Network Market, By Region, 2024–2030 (Usd Million)

Table 41 North America: Open Radio Access Network Market, By Offering,

2024–2030 (Usd Million)

Table 42 North America: Open Radio Access Network Market, By Hardware, 2024–2030 (Usd Million)

Table 43 North America: Open Radio Access Network Market, By Software, 2024–2030 (Usd Million)

Table 44 North America: Open Radio Access Network Market, By Service,

2024–2030 (Usd Million)

Table 45 North America: Open Radio Access Network Market, By Network Deployment, 2024–2030 (Usd Million)

Table 46 North America: Open Radio Access Network Market, By Frequency Band, 2024–2030 (Usd Million)

Table 47 North America: Open Radio Access Network Market, By Deployment Phase, 2024–2030 (Usd Million)

Table 48 Europe: Open Radio Access Network Market, By Offering,

2024–2030 (Usd Million)

Table 49 Europe: Open Radio Access Network Market, By Hardware,

2024–2030 (Usd Million)

Table 50 Europe: Open Radio Access Network Market, By Software,

2024–2030 (Usd Million)

Table 51 Europe: Open Radio Access Network Market, By Service,

2024–2030 (Usd Million)

Table 52 Europe: Open Radio Access Network Market, By Network Deployment, 2024–2030 (Usd Million)

Table 53 Europe: Open Radio Access Network Market, By Frequency Band,

2024–2030 (Usd Million)

Table 54 Europe: Open Radio Access Network Market, By Deployment Phase, 2024–2030 (Usd Million)

Table 55 Asia Pacific: Open Radio Access Network Market, By Offering,

2024–2030 (Usd Million)

Table 56 Asia Pacific: Open Radio Access Network Market, By Hardware,

2024–2030 (Usd Million)

Table 57 Asia Pacific: Open Radio Access Network Market, By Software,

2024–2030 (Usd Million)

Table 58 Asia Pacific: Open Radio Access Network Market, By Service,

2024–2030 (Usd Million)

Table 59 Asia Pacific: Open Radio Access Network Market, By Network Deployment, 2024–2030 (Usd Million)

Table 60 Asia Pacific: Open Radio Access Network Market, By Frequency Band, 2024–2030 (Usd Million)

Table 61 Asia Pacific: Open Radio Access Network Market, By Deployment Phase, 2024–2030 (Usd Million)

Table 62 Middle East & Africa: Open Radio Access Network Market, By Offering, 2024–2030 (Usd Million)

Table 63 Middle East & Africa: Open Radio Access Network Market, By Hardware, 2024–2030 (Usd Million)

Table 64 Middle East & Africa: Open Radio Access Network Market, By Software, 2024–2030 (Usd Million)

Table 65 Middle East & Africa: Open Radio Access Network Market, By Service, 2024–2030 (Usd Million)

Table 66 Middle East & Africa: Open Radio Access Network Market, By Network Deployment, 2024–2030 (Usd Million)

Table 67 Middle East & Africa: Open Radio Access Network Market, By Frequency Band, 2024–2030 (Usd Million)

Table 68 Middle East & Africa: Open Radio Access Network Market,

By Deployment Phase, 2024–2030 (Usd Million)

Table 69 Latin America: Open Radio Access Network Market, By Offering,

2024–2030 (Usd Million)

Table 70 Latin America: Open Radio Access Network Market, By Hardware,

2024–2030 (Usd Million)

Table 71 Latin America: Open Radio Access Network Market, By Software,

2024–2030 (Usd Million)

Table 72 Latin America: Open Radio Access Network Market, By Service,

2024–2030 (Usd Million)

Table 73 Latin America: Open Radio Access Network Market, By Network Deployment, 2024–2030 (Usd Million)

Table 74 Latin America: Open Radio Access Network Market, By Frequency

Band, 2024–2030 (Usd Million)

Table 75 Latin America: Open Radio Access Network Market, By Deployment Phase, 2024–2030 (Usd Million)

Table 76 Open Radio Access Network Market: Degree Of Competition

Table 77 Offering Footprint

Table 78 Network Deployment Footprint

Table 79 Regional Footprint

Table 80 Open Radio Access Network Market: Key Start-ups/Smes

Table 81 Open Radio Access Network Market: Competitive Benchmarking Of

Key Start-ups/Smes

Table 82 Open Radio Access Network Market: Product Launches,

January 2021–january 2024

Table 83 Open Radio Access Network Market: Deals, January 2021–march 2024

Table 84 Ericsson: Company Overview

Table 85 Ericsson: Products/Solutions/Services Offered

Table 86 Ericsson: Product Launches

Table 87 Ericsson: Deals

Table 88 Nokia: Company Overview

Table 89 Nokia: Products/Solutions/Services Offered

Table 90 Nokia: Deals

Table 91 Samsung: Company Overview

Table 92 Samsung: Products/Solutions/Services Offered

Table 93 Samsung: Deals

Table 94 Nec Corporation: Company Overview

Table 95 Nec Corporation: Products/Solutions/Services Offered

Table 96 Nec Corporation: Product Launches

Table 97 Nec Corporation: Deals

Table 98 Mavenir: Company Overview

Table 99 Mavenir: Products/Solutions/Services Offered

Table 100 Mavenir: Deals

Table 101 Huawei Technologies Co., Ltd.: Company Overview

Table 102 Huawei Technologies Co., Ltd.: Products/Solutions/Services Offered

Table 103 Huawei Technologies Co., Ltd.: Product Launches

Table 104 Hpe: Company Overview

Table 105 Hpe: Products/Solutions/Services Offered

Table 106 Hpe: Deals

Table 107 Broadcom: Company Overview

Table 108 Broadcom: Products/Solutions/Services Offered

Table 109 Broadcom: Deals

Table 110 Fujitsu: Company Overview

Table 111 Fujitsu: Products/Solutions/Services Offered

Table 112 Fujitsu: Deals

Table 113 Viavi Solutions: Company Overview

Table 114 Viavi Solutions: Products/Solutions/Services Offered

Table 115 Viavi Solutions: Deals

Table 116 Juniper Networks: Company Overview

Table 117 Juniper Networks: Products/Solutions/Services Offered

Table 118 Juniper Networks: Deals

Table 119 Cloud-radio Access Network Market, By Component,

2016–2019 (Usd Million)

Table 120 Cloud-radio Access Network Market, By Component,

2019–2025 (Usd Million)

Table 121 Solutions: Cloud-radio Access Network Market, By Region,

2016–2019 (Usd Million)

Table 122 Solutions: Cloud-radio Access Network Market, By Region,

2019–2025 (Usd Million)

Table 123 Services: Cloud-radio Access Network Market, By Region,

2016–2019 (Usd Million)

Table 124 Services: Cloud-radio Access Network Market, By Region,

2019–2025 (Usd Million)

Table 125 Services: Cloud-radio Access Network Market, By Type,

2016–2019 (Usd Million)

Table 126 Services: Cloud-radio Access Network Market, By Type,

2019–2025 (Usd Million)

Table 127 Cloud-radio Access Network Market, By Network Type,

2016–2019 (Usd Million)

Table 128 Cloud-radio Access Network Market, By Network Type,

2019–2025 (Usd Million)

Table 129 Cloud-radio Access Network Market, By Deployment,

2016–2019 (Usd Million)

Table 130 Cloud-radio Access Network Market, By Deployment,

2019–2025 (Usd Million)

Table 131 Cloud-radio Access Network Market, By End User,

2016–2019 (Usd Million)

Table 132 Cloud-radio Access Network Market, By End User,

2019–2025 (Usd Million)

Table 133 Mmwave 5g Market, By Component, 2018–2021 (Usd Million)

Table 134 Mmwave 5g Market, By Component, 2022–2027 (Usd Million)

Table 135 Services: Mmwave 5g Market, By Type, 2018–2021 (Usd Million)

Table 136 Services: Mmwave 5g Market, By Type, 2022–2027 (Usd Million)

Table 137 Mmwave 5g Market, By Use Case, 2018–2021 (Usd Million)

Table 138 Mmwave 5g Market, By Use Case, 2022–2027 (Usd Million)

Table 139 Mmwave 5g Market, By Bandwidth, 2018–2021 (Usd Million)

Table 140 Mmwave 5g Market, By Bandwidth, 2022–2027 (Usd Million)

Table 141 Mmwave 5g Market, By Application, 2018–2021 (Usd Million)

Table 142 Mmwave 5g Market, By Application, 2022–2027 (Usd Million)

Table 143 Mmwave 5g Market, By End User, 2018–2021 (Usd Million)

Table 144 Mmwave 5g Market, By End User, 2022–2027 (Usd Million)

Table 145 Mmwave 5g Market, By Region, 2018–2021 (Usd Million)

Table 146 Mmwave 5g Market, By Region, 2022–2027 (Usd Million)

Figures List

Figure 1 Open Radio Access Network Market: Research Design

Figure 2 Breakdown Of Primary Interviews: By Company Type,

Designation, And Region

Figure 3 Open Radio Access Network Market: Top-down And Bottom-up Approaches

Figure 4 Market Size Estimation Methodology – Approach 1 (Supply Side): Revenue Of Vendors In Open Radio Access Network Market

Figure 5 Market Size Estimation Methodology – Approach 2 (Demand Side): Open Radio Access Network Market

Figure 6 Market Size Estimation Methodology: Demand-side Analysis

Figure 7 Market Size Estimation Using Bottom-up Approach

Figure 8 Data Triangulation

Figure 9 Open Radio Access Network Market To Witness Significant Growth During Forecast Period

Figure 10 Open Radio Access Network Market: Regional Snapshot

Figure 11 Rising Investment In 5g Networks Contributing To Adoption Of Open Radio Access Network Solutions

Figure 12 Open Radio Access Network Market: Top Growing Segments, 2024

Figure 13 Services Segment To Grow At Highest Cagr During Forecast Period

Figure 14 Public Networks Segment To Account For Larger Market Share In 2024

Figure 15 Deployment & Integration Segment To Account For Highest

Growth Rate During Forecast Period

Figure 16 Sub-6ghz Segment To Account For Largest Market Share During Forecast Period

Figure 17 Greenfield Segment To Account For Larger Market Share During Forecast Period

Figure 18 Software And Greenfield Segments To Hold Largest Market

Shares In 2024

Figure 19 Drivers, Restraints, Opportunities, And Challenges: Open Radio Access Network Market

Figure 20 Trends/Disruptions Impacting Customers’ Businesses

Figure 21 Average Selling Price Trends Of Key Players, By Hardware

Figure 22 Open Radio Access Network Market: Supply Chain Analysis

Figure 23 Key Players In Open Radio Access Network Market Ecosystem

Figure 24 List Of Major Patents For Open Radio Access Network

Figure 25 Machines For Reception, Conversion, And Transmission Or Regeneration Of Voice, Images, Or Other Data, Including Switching

And Routing Apparatus, By Key Country, 2015–2022 (Usd Billion)

Figure 26 Machines For Reception, Conversion, And Transmission Or Regeneration Of Voice, Images, Or Other Data, Including Switching

And Routing Apparatus, By Key Country, 2015–2022 (Usd Billion)

Figure 27 Influence Of Stakeholders On Buying Process For Network Operators

Figure 28 Key Buying Criteria For Top Network Operators

Figure 29 Evolution Of Open Radio Access Network

Figure 30 Leading Global Open Radio Access Network Market Vendors By Number Of Investors And Funding Rounds, 2023

Figure 31 Services Segment To Grow At Highest Cagr During Forecast Period

Figure 32 Private Networks Segment To Grow At Higher Cagr During

Forecast Period

Figure 33 Mmwave Segment To Grow At Highest Cagr During Forecast Period

Figure 34 Brownfield Segment To Grow At Higher Cagr During Forecast Period

Figure 35 North America: Market Snapshot

Figure 36 Asia Pacific: Market Snapshot

Figure 37 Revenue Analysis For Key Companies, 2018–2023 (Usd Million)

Figure 38 Share Of Leading Companies In Open Radio Access

Network Market, 2023

Figure 39 Market Ranking Analysis Of Top Five Players

Figure 40 Open Radio Access Network Market: Company Evaluation Matrix

(Key Players), 2023

Figure 41 Overall Company Footprint

Figure 42 Open Radio Access Network Market: Company Evaluation Matrix

(Start-ups/Smes), 2023

Figure 43 Brand/Product Comparison

Figure 44 Financial Metrics Of Key Open Radio Access Network Vendors

Figure 45 Company Valuation Of Key Open Radio Access Network Vendors

Figure 46 Ericsson: Company Snapshot

Figure 47 Nokia: Company Snapshot

Figure 48 Samsung: Company Snapshot

Figure 49 Nec Corporation: Company Snapshot

Figure 50 Huawei Technologies Co., Ltd.: Company Snapshot

Figure 51 Hpe: Company Snapshot

Figure 52 Broadcom: Company Snapshot

Figure 53 Fujitsu: Company Snapshot

Figure 54 Viavi Solutions: Company Snapshot

Figure 55 Juniper Networks: Company Snapshot