Global Open Radio Access Network (RAN) Market Expected to Achieve 34.6% CAGR by 2029: Growth Forecast Insights

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Open Radio Access Network (RAN) Industry Market Size Be by 2025?
The significant growth seen in the open radio access network (ran) market size in past years is staggering. Projections show this market escalating from $3.72 billion in 2024 to a noteworthy $5.01 billion in 2025, which represents a compound annual growth rate (CAGR) of 34.8%. The expansion witnessed during the historic period can be linked to a variety of factors such as heightened demand for network flexibility, increased cost efficiency, a rise in network virtualization, enhanced government support, and an improvement in rural and remote connectivity.

What's the Long-Term Growth Forecast for the Open Radio Access Network (RAN) Market Size Through 2029?
The market size for open radio access network (ran) is predicted to surge significantly in the coming years, reaching $16.46 billion in 2029 with a compound annual growth rate (CAGR) of 34.6%. Factors that could contribute to the growth during the forecast period include an increase in data usage, the spread of smart manufacturing and industry 4.0, a rising need for simplified network management among organizations, and a growing demand for consultation, along with an expanding smartphone market. Future trends that could shape the industry during the forecast period include technological advancements, the expansion of IoT devices and emerging technologies, advancements in artificial intelligence (AI) and machine learning (ML), a shift towards open standards, and ongoing technological innovation.

View the full report here:
https://www.thebusinessresearchcompany.com/report/open-radio-access-network-ran-global-market-report

What Are the Key Growth Drivers Fueling the Open Radio Access Network (RAN) Market Expansion?
The growth of the open radio access network (RAN) market is predicted to be fuelled by the escalating adoption of smartphones. This penetration is credited to aspects such as device affordability, enhanced network infrastructure, advances in technology, the worldwide spread of mobile services, increased availability in developing markets, and a greater level of digital literacy. Open RAN is advantageous for smartphone adoption as it encourages cost-effective, adaptable, and scalable network solutions. This helps widen coverage, particularly in underprivileged areas, therefore, making smartphones available to a larger part of the population. In December 2023, Demandsage, a software company in the USA, predicted that the worldwide count of smartphone users is set to touch 7.10 billion in 2024 and rise to 7.70 billion by 2027. In the USA, the rate of smartphone penetration is forecasted to increase to 82.20% in 2023, a rise from 76.50% in 2022. Therefore, the rise in smartphone usage is spurring the growth of the open RAN market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=21532&type=smp

What Are the Key Trends Driving Open Radio Access Network (RAN) Market Growth?
Top-tier firms in the open radio access network (RAN) market are prioritizing strategic investments to expedite the uptake of Open RAN technologies, bolster their product offerings, and encourage innovative partnerships. These calculated investments contribute to the thriving of Open RAN by initiating creativity, endorsing interoperability, minimizing setup expenses, scaling up solutions, and constituting a strong ecosystem to hasten the acceptance of adaptive, multiple-vendor networks. For example, in July 2024, the US-based telecommunication organization, EchoStar Corporation, inaugurated the Open RAN Center for Integration and Deployment (ORCID). The ORCID serves as a hub that enables vendors to evaluate and approve O-RAN solutions utilizing EchoStar's operational, commercial-grade, cloud-native Open RAN network. The NTIA Public Wireless Supply Chain Innovation Fund backs it with a $50 million contribution.

How Is the Open Radio Access Network (RAN) Market Segmented?
The open radio access network (ran)market covered in this report is segmented -

1) By Type: Open Radio Access Network Radio Unit, Open Virtualized Radio Access Network
2) By Component: Hardware, Software, Services
3) By Frequency: Sub-6GHz, mmWave
4) By Unit: Radio Unit, Distributed Unit, Centralized Unit
5) By Deployment: Private, Hybrid Cloud, Public Cloud

Subsegments:
1) By Open Radio Access Network Radio Unit: Macrocell Radio Unit, Small Cell Radio Unit, Massive MIMO Radio Unit
2) By Open Virtualized Radio Access Network: Cloud RAN (C-RAN), Edge RAN, Private Network RAN

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=21532&type=smp

Which Companies Are Leading the Charge in Open Radio Access Network (RAN) Market Innovation?
Major companies operating in the open radio access network (RAN) market are Samsung Electronics Co. Ltd., Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Deutsche Telekom AG, Dell Technologies Inc., HuaweiTech, Intel Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Qualcomm Incorporated, Telefonica S.A., Broadcom Inc., Google LLC, Hewlett Packard Enterprise (HPE), Fujitsu Limited, Ericsson India Limited, Nokia Corporation, NEC Corporation, Advanced Micro Devices Inc. (AMD), VMware LLC, CommScope, Juniper Networks Inc., NTT Docomo Inc., Orange Group, Mavenir Systems Inc., Spirent Communications plc

Which Regions Are Leading the Global Open Radio Access Network (RAN) Market in Revenue?
North America was the largest region in the open radio access network (RAN) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the open radio access network (RAN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=21532

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Reach out to us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

The Business Research Company, with over 17,500+ reports across 27 industries and 60+ geographies, backed by 1,500,000 datasets and insights from industry leaders, offers comprehensive market intelligence through its flagship product, the Global Market Model (GMM), delivering updated forecasts for informed decision-making.

This release was published on openPR.