According to a market report by Lucintel, the future of the open radio access network (RAN) market looks promising with opportunities in the 2G, 3G, 4G LTE, and 5G networks. The global open radio access network market is expected to grow with a CAGR of 70% to 72% from 2023 to 2028. The major drivers for this market are increasing demand for high-speed internet wireless service along with lower cost of ownership of RAN networks.
In this market, open RAN RU and open VRAN are the two types of open radio access network used by various end use industries. Lucintel forecasts that open VRAN RU is expected to will remain the fastest growing segment over the forecast period due to increasing deployment of open VRAN by mobile network operators as well as network service providers so as to reduce overall infrastructure costs and network complexities.
Within this market, hardware is expected to remain the largest segment due to surge in number of online applications, such as virtual meeting applications, streaming of 3D and ultra HD content, cloud-based streaming services, and others combined with increasing demand of high-speed internet service.
North America will remain the largest region due to increasing government initiative for deployment of 5G networks and growing penetration of internet, will drive the regional demand.
Ericsson, Nokia, Samsung, NEC, Hewlett, Packard, and VMware are the major suppliers in the global open radio access network market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global open radio access network market by component, product type, radio interface, network, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Open Radio Access Network Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global open radio access network market by component, product type, radio interface, network, and region, as follows:
Open Radio Access Network Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
Hardware
Software
Services
Consulting
Deployment and Implementation
Support and Maintenance
Open Radio Access Network Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Open RAN RU
Open VRAN
Centralized Unit
Distributed Unit
Open Radio Access Network Market by Radio Interface [Value ($B) Shipment Analysis from 2017 to 2028]:
Open Radio Access Network Market by Network [Value ($B) Shipment Analysis from 2017 to 2028]:
Open Radio Access Network Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the open radio access network market by component (hardware, software, and services), product type (open RAN RU and open VRAN), radio interface (2G, 3G, 4G LTE, and 5G), network (greenfield and brownfield), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?