Open Radio Access Network Market: Current Analysis and Forecast (2022-2030)
$3999 – $6999
Emphasis on Components (Hardware, software and services) ; Connectivity Technology (2G, 3G, 4G/LTE, 5G); Areas (Urban areas, Rural areas, Public areas, Airport/Rails/Bus Terminals); Region/Country.
The Open Radio Access Network Market is expected to grow at a strong CAGR of 65% during the forecast period owing to the increasing need for more efficient and cost-effective solutions. Moreover, the ORAN market is expected to grow significantly in the coming years, driven by several factors such as the increasing demand for more flexible and scalable network architectures and the growing trend towards network virtualization and cloud-based technologies. The Open Radio Access Network (ORAN) market refers to the market for telecommunications equipment and services based on open standards and interfaces for radio access networks. ORAN is an emerging technology that seeks to replace traditional proprietary hardware and software solutions in the radio access network with more flexible and interoperable solutions based on open interfaces and software-defined networking.
Some of the major players operating in the market include Huawei Technologies Co., Ltd.; Telefonaktiebolaget LM Ericsson; Nokia ; ZTE Corporation.; Samsung ; NEC Corporation ; Cisco Systems, Inc.; Qualcomm Technologies, Inc. ; Intel Corporation ; Fujitsu.
Insights Presented in the Report
“Amongst component, the hardware segment held a dominating share of the market in 2021”
Based on component, the market is segmented into hardware, software and services. Amongst these the hardware segment holds the highest share in the ORAN market due to the high demand of 5G Technology. Furthermore, ORAN hardware components are typically more affordable than traditional hardware components, as they are based on open standards and are not proprietary. This cost savings is attractive to operators who are looking to reduce their network deployment costs.
“Amongst connectivity technology, the 5G segment held a dominating share of the market in 2021”
Based on connectivity technology, the market is segmented into 2G, 3G, 4G/LTE and 5G. Among these the 5G technology is highly driving the ORAN market. 5G technology enables network functions to be virtualized, which means that they can be run on standard computing hardware instead of specialized, proprietary hardware. This makes it easier and more cost-effective to deploy and maintain the network, and also makes it more flexible and scalable.
“Asia Pacific leading the Open Radio Access Network O-RAN market in 2021”
Asia Pacific region is leading the market due to increasing government support. Many governments in the Asia Pacific region are supporting the development and adoption of O-RAN technology as part of their broader efforts to promote digital transformation and improve connectivity. Furthermore, the Asia Pacific region has a growing ecosystem of technology companies, including both established players and startups, that are developing and deploying O-RAN technology. This is driving innovation and competition in the market, and making it more attractive to network operators and other customers.
Open Radio Access Network (O-RAN) Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Open Radio Access Network (O-RAN) Market|
|2.2.||Research Methodology of the Open Radio Access Network (O-RAN) Market|
|5||GLOBAL OPEN RADIO ACCESS NETWORK (O-RAN) MARKET COVID-19 IMPACT|
|6||GLOBAL OPEN RADIO ACCESS NETWORK (O-RAN) MARKET REVENUE, 2020-2030F|
|10.1.||North America Open Radio Access Network (O-RAN) Market|
|10.1.3.||Rest of North America|
|10.2.||Europe Open Radio Access Network (O-RAN) Market|
|10.2.6.||Rest of Europe|
|10.3.||Asia-Pacific Open Radio Access Network (O-RAN) Market|
|10.3.4.||Rest of APAC|
|10.4.||Rest of the World Open Radio Access Network (O-RAN) Market|
|12||OPEN RADIO ACCESS NETWORK (O-RAN) MARKET OPPORTUNITIES|
|13||OPEN RADIO ACCESS NETWORK (O-RAN) MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|18.1.1.||Porters Fiver Forces Analysis|
|19.1.||Huawei Technologies Co., Ltd.|
|19.2.||Telefonaktiebolaget LM Ericsson|
|19.7.||Cisco Systems, Inc.|
|19.8.||Qualcomm Technologies, Inc.|
Research Methodology for the Open Radio Access Network O-RAN Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global open radio access network O-RAN market were the three major steps undertaken to create and analyze the adoption of open radio access network O-RAN in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global open radio access network O-RAN market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the open radio access network O-RAN market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the open radio access network O-RAN market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component, connectivity technology, areas and region. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the open radio access network O-RAN market. Further, we conducted factor analysis using dependent and independent variables such as component, connectivity technology, areas and region of the open radio access network O-RAN market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Open Radio Access Network O-RAN market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global open radio access network O-RAN market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the open radio access network O-RAN market across the major markets domestically.
- All percentage shares, splits, and breakdowns of market segments and sub-segments.
- Key players in the global open radio access network O-RAN market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global open radio access network O-RAN market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the component, connectivity technology, areas and region in the global open radio access network O-RAN market.
The main objective of the Global Open Radio Access Network O-RAN Market Study
The current & future market trends of the global open radio access network O-RAN market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Open Radio Access Network O-RAN market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the component, connectivity technology, areas and region
- Define and analysis of the regulatory framework for the Open Radio Access Network O-RAN industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Open Radio Access Network O-RAN market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Open Radio Access Network O-RAN market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry