O RAN Market Growth Trends 2023-2030: Key Players, Competitive Strategies and Forecasts


O-RAN (Open RAN) is a framework that aims to create open, interoperable radio access network interfaces (RANs).

O RAN Market Value and CAGR

O-RAN (Open RAN) is a framework that aims to create open, interoperable radio access network interfaces (RANs). It is intended to be a more flexible and cost-effective alternative to traditional, proprietary RANs owned and operated by individual telecom companies.

One of O-Primary RAN's goals is to encourage the use of open, industry-standard hardware and software components in RANs rather than proprietary solutions. This can help lower costs and boost competition in the telecom industry.

According to market research, the O-RAN market will expand significantly in the coming years. This is due, in part, to the growing demand for high-speed mobile data services, which drives the need for more advanced and flexible RANs. O-RAN is also gaining traction in the telecom industry due to its potential to reduce costs and increase innovation.

Overall, O-RAN adoption is expected to increase as more telecom companies seek ways to improve their networks and reduce costs. As more companies adopt open, interoperable RAN solutions, this could result in significant changes in the telecom industry.

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O RAN Market Growth Drivers and Risks

Several factors are propelling the growth of the O-RAN market:

Demand for high-speed mobile data services is increasing: The growing demand for mobile data services such as video streaming and online gaming necessitates the development of more advanced and flexible RANs. O-RAN is well-suited to meet this demand because it enables telecom companies to easily upgrade and expand their networks to meet the increasing data demand.

Cost savings: By allowing telecom companies to use industry-standard hardware and software components in their RANs rather than proprietary solutions, O-RAN can help them save money. This can save a lot of money, especially for smaller businesses that don't have the resources to build and maintain their own RANs.

Increased innovation: O-RAN encourages the use of open, interoperable solutions, which can foster innovation in the telecommunications industry. This can result in the creation of new technologies and services that benefit both telecom companies and their customers.

Government initiatives: Some governments have begun to promote the use of O-RAN as a means of increasing competition in the telecommunications industry and decreasing reliance on proprietary solutions. This can help drive O-RAN adoption in specific regions.

Overall, the O-RAN market is moving forward because of the growing need for high-speed mobile data services, cost savings, more innovation, and government initiatives. 

Among the significant developments in the global O-RAN market are:

• In April 2022, Fujitsu Network Communications announced its intention to support the Evenstar Open RAN program. Fujitsu will provide massive 5G MIMO (multiple input, multiple output) Radio Units (RUs), as well as 3.5GHz RUs to enable O-RAN standardized interfaces.

• Rakuten Symphony announced a partnership with Qualcomm Inc. in March 2022 to develop a 5G radio unit with massive MIMO capabilities and distribute units. The use of high-performance, O-RAN-compliant infrastructure items will also allow for a faster implementation of 5G networks.

O RAN Market Keyplayers

Some of the prominent players that contribute significantly to the O-RAN market growth are Nokia Corp., Mavenir Systems Inc., Parallel Wireless Inc. NTT DoCoMo Inc., Sterlite Technologies Limited, Radisys Corp., Telefonaktiebolaget LM Ericsson, Qualcomm Inc., Huawei Technologies Co. Ltd., Casa Systems Inc., VIAVI Solutions Inc., Fujitsu Ltd., and NXP Semiconductors among others.

O RAN Market Segmentations

Based on component

  •          Hardware
  •          Software
  •          Services.

Based on connectivity technology

  •          4G LTE
  •          5G

Based on deployment location

  •          Urban
  •          rural

Based on end use

  •          public infrastructure
  •          automotive
  •          industrial
  •          healthcare
  •          aerospace & defense
  •          media & entertainment
  •          others

 

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Published in

Technology

Published on

Jul 29, 2023

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