O-RAN Market Size, Share and Analysis to Expand At 31.7% CAGR Through 2028

Market Study Report has recently added a report on O-RAN Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

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Renowned experts suggest that global O-RAN market size is anticipated to expand at a CAGR of 31.7% during the forecast period and accrue noteworthy returns by the year 2028.

Coming to the competitive landscape, NXP Semiconductors N.V., Fujitsu Limited, Viavi Solutions, Casa Systems Inc., Parallel Wireless Inc., Radisys Corporation, Sterlite Technologies Limited, NTT Docomo, Inc., HRMavenir Systems, Inc., Huawei Technologies Co., Ltd., Qualcomm Incorporated, Telefonaktiebolaget LM Ericsson, and Nokia Corporation are the leading players in global O-RAN industry.

Increasing data consumption brought on by soaring internet usage, rising high-speed data demand, integration of cloud computing & artificial intelligence (AI), reliable supply chain of dependable vendors, and surging government incentives for the deployment of 5G infrastructure are the major growth determinants for global O-RAN market.

For the unversed, the Open-Radio Access Network, often known as O-RAN, is focused on the standardization and interoperability of RAN components, including a consistent connectivity standard for white-box hardware and open-source software elements from numerous providers.

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Furthermore, the ability of O-RAN to replace the labor-intensive manual effort of upgrading, maintaining, and optimizing networks with centrally-controlled and automated computing processes, is expected to spur industry expansion in the coming years.

Based on component, the market is divided into services, software, and hardware. Among these, the hardware segment is projected to hold a major chunk of the market share during the review timeline. Whereas the services segment is anticipated to amass notable returns by the end of forecast period.

In terms of connectivity, worldwide O-RAN industry is split into 5G and 4G LTE. Both 4G LTE and 5G segments are estimated to grow significantly during the forecast period.

On the basis of deployment location, the market is bifurcated into rural and urban. Among these, the urban segment is likely to capture a substantial market share in the coming years. Speaking of end-use, the industry is branched into media & entertainment, aerospace & defense, industrial, automotive, public infrastructure, and others. Out of which, the public infrastructure segment is predicted to expand substantially over the given timeframe.

Regionally, the latest trends are studied across Middle East & Africa (Turkey, South Africa, GCC, Rest of MEA), Asia Pacific (ASEAN, Australia, South Korea, India, Japan, China, Rest of APAC), Latin America (Brazil, Mexico, Rest of Latin America), Eastern Europe (Poland, Russia, rest of Eastern Europe), Western Europe (France, UK, Germany, Spain, Nordic, Benelux, Italy, rest of Western Europe) and North America (U.S. and Canada). Among these, North America market is poised to grow tremendously over the forecast duration.

FAQs:

Q1. What are the growth determinants for global O-RAN market?

Answer: Increasing data consumption brought on by soaring internet usage, rising high-speed data demand, integration of cloud computing and AI, reliable supply chain of dependable vendors, and SURGING government incentives for the deployment of 5G infrastructure are the major growth determinants for global O-Ran market.

Q2. Which end-use category is slated to contribute significantly to worldwide O-RAN market earnings?

Answer: The public infrastructure segment of worldwide O-RAN industry is poised to grow significantly over the forecast duration.

Q3. Which are the key players in global O-RAN market?

Answer: NXP Semiconductors N.V., Fujitsu Limited, Viavi Solutions, Casa Systems Inc., Parallel Wireless Inc., Radisys Corporation, Sterlite Technologies Limited, NTT Docomo, Inc., HRMavenir Systems, Inc., Huawei Technologies Co., Ltd., Qualcomm Incorporated, Telefonaktiebolaget LM Ericsson, and Nokia Corporation are the leading players in global O-RAN industry.

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