Open Radio Access Network Market size is projected to grow from USD 1.1 billion in 2022 to USD 15.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 70.5% during the forecast period. Improvement in total cost of ownership (TCO) and return on investment (ROI)are driving the growth of the Open RAN market.
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4G LTE segment is estimated to lead the Open RAN market in 2022
4G LTE is a high-capacity mobile multimedia up to 100Mbps. In developed economies such as the US, mobile operators are focusing on geopolitics around Chinese vendors that have created a much bigger opportunity for Open RAN for their 4G brownfield networks. Other minor US operators like Inland Cellular are already expanding their 4G networks with Open RAN.
Open RAN RU segment is set to emerge as a larger market during the forecast period
functional split RU, DU, and CU concept is becoming fundamental in Open RAN. A split architecture that is between central and distributed units permits coordination for performance features, real-time performance optimization, load management, and enables adaptation to various use cases and the QoS that needs to be supported. Open RAN RU is further segmented into macro cell and small cell.
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major vendors covered in the Open RAN market Ericsson (Sweden), Nokia (Finland), Samsung (South Korea), NEC Corporation (Japan), Hewlett Packard Enterprise (US), VMware (US), Huawei (China), AT&T (US), Fujitsu (Japan), IBM (US), Orange (France), Airspan Networks (US), Mavenir (US), CommScope (US), Viavi Solutions (US), Amdocs (US), Renesas (Japan), MTN Group (South Africa), Entel (Chile), Comba Telecom (China), KDDI (Japan), SingTel (Singapore), TIM (Italy), Telefonica (Spain), Sivers Semiconductors (Sweden), NXP Semiconductors (Netherlands), Picocom (UK), Etisalat (UAE), Mobily (Saudi Arabia), XCOM Labs (US), DeepSig (US), ZTE (China), Celona (US), LIME Microsystems (UK), Verana Networks (US), Microamp Solutions (Poland). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, and collaborations, new product launches, to expand their presence in the Open RAN market.
Huawei is one of the world’s largest telecommunication equipment manufacturers and ICT service and solution providers. It operates in three core business segments: consumer, carrier, and enterprise. The carrier business segment offers a series of products, services, and business solutions. These products, services, and solutions encompass wireless and cloud core networks, fixed networks, cloud and data centers, and service and software for global telecom carriers. The enterprise segment leverages ICT technologies to provide products and services. The products and services enable industries, such as government, public utilities, finance, energy, and transport, to become digital. The consumer business segment provides smartphones, tablets, PCs, wearable devices, converged home devices, applications, and services for consumers and businesses. The company’s product portfolio caters to various regions, including North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Ericsson is one of the leading providers of information and communication technology to service providers. It makes its customers successful in a fully connected world by innovating game-changing technology and solutions that are easy to use. It offers solutions for networks, cloud software solutions, and emerging businesses, helping customers improve their efficiency and digital experience and capture new revenue streams. Ericsson operates in more than 180 countries, and it has over 57,000 granted patents. Ericsson’s Network Design and Optimization portfolio includes services and software enabled by the Ericsson Operations Engine. With big data, AI, and crowdsourced data analytics, the solutions deliver superior performance while limiting costs by monitoring numerous KPIs, building an end-user experience-centric model, and enabling targeted CAPEX investments.
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