O-RAN Market Size to surpass 31.7%+ CAGR up to 2028 | Key Players Nokia Corp., Telefonaktiebolaget LM Ericsson, Qualcomm Inc., Huawei Technologies Co. Ltd., Mavenir Systems Inc., NTT DoCoMo

Market Study Report adds new research on O-RAN market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, O-RAN market also includes an in-depth study of the industrys competitive scenario.

Global O-RAN Market Analysis and Forecast 2019-2028. The global O-RAN market is expected to grow at a robust CAGR of over 31.7% during the forecast period.

he O-RAN or Open Radio Access Network is centered on the standardization and interoperability of RAN components, including a uniform interconnection standard for white-box hardware and open-source software aspects from many suppliers.

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The market growth is attributed to the high data consumption due to increasing internet penetration, growing demand for high-speed data, integration of cloud computing and AI, robust supply chain of trusted vendors, and increasing government initiatives for the deployment of 5G infrastructure.

Through centrally controlled and automated computing operations, O-RAN can replace the labor-intensive, manual effort of maintaining, upgrading, and optimizing networks, thus driving the market growth.

Market Segmentation

The global O-RAN market has been analyzed on the basis of component, connectivity technology, deployment location, end use, and region. Based on component, the market is segmented into hardware, software, and services. Hardware segment is estimated to hold a prominent share while services segment is estimated to exhibit considerable growth rate during the forecast period.

Based on connectivity technology, the market is segmented into 4G LTE and 5G. Among these, 4G LTE segment is estimated to hold a prominent share while 5G segment is estimated to exhibit considerable growth rate during the forecast period

Based on deployment location, the market covers the analysis of urban and rural. Among these, urban segment is estimated to hold a prominent share in the market. Based on end use, the market is segmented into public infrastructure, automotive, industrial, healthcare, aerospace & defense, media & entertainment, and others.

Among these, public infrastructure is estimated to hold a hold a prominent share in the market. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to hold a prominent share in the market.

Market Structure and Competition Landscape

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

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Partnerships and collaborations, mergers and acquisitions, and product launches are some of the strategies followed by industry players.

Some of the key developments in the global O-RAN market include:

• In April 2022, Fujitsu Network Communications announced its plan to support the Evenstar Open RAN program, Fujitsu Network Communications. The 5G huge MIMO (Multiple Input, Multiple Output) Radio Units will be provided by Fujitsu (RUs) and in order to enable O-RAN standardized interfaces, it will offer 3.5GHz RUs.

• In March 2022, Rakuten Symphony announced its collaboration with Qualcomm Inc. to develop a 5G radio unit with massive MIMO capabilities and distributed units. With high-performance O-RAN compliant infrastructure items, this will also make it possible for the implementation of 5G networks to proceed more quickly.

Questions And Answers: Global O-RAN Market

Q1. What is the CAGR that the O-RAN Market is expected to register through the projected duration?
Answer: The O-RAN Market is likely to register a CAGR of 31.7% over the forecast period.

Q2. Which Are the Key Players in Global O-RAN Market?
Answer: Nokia Corp., Telefonaktiebolaget LM Ericsson, Qualcomm Inc., Huawei Technologies Co. Ltd., Mavenir Systems Inc., NTT DoCoMo Inc., Sterlite Technologies Limited among others are the leading players in worldwide O-RAN Market

Full Report Summary At: https://www.marketstudyreport.com/reports/o-ran-market-potential-market-size-and-global-outlook-till-2028

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