Open Radio Access Network (Open RAN) Market Size, Share, Trends, Industry Analysis Report: By Offering (Hardware, Software, and Service), Network Deployment, Frequency, Deployment Phase, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034
- Published Date:Nov-2024
- Pages: 120
- Format: PDF
- Report ID: PM5186
- Base Year: 2024
- Historical Data: 2020-2023
Open Radio Access Network Market Overview
The global Open Radio Access Network Market size was valued at USD 2,797.19 million in 2024. The market is projected to grow from USD 3,758.59 million in 2025 to USD 54,032.29 million by 2034, exhibiting a CAGR of 34.5% during 2025–2034.
Open RAN, or open radio access network, is a telecommunications concept that aims to create an open and interoperable radio network infrastructure. It standardizes the interfaces between different parts of the network, allowing components from different vendors to work together. The growing demand for private networks across various industries, including manufacturing, healthcare, and logistics, requires tailored and secure network solutions, thereby driving the demand for open RAN. Additionally, the global push for 5G deployment is a major factor driving the growth of the open RAN market. 5G networks require flexible and scalable infrastructure to meet the demands of enhanced mobile broadband, ultra-low latency, and massive IoT connectivity. Thus, the growing adoption of 5G networks propels the demand for open radio access network (Open RAN).
-market.webp)
To Understand More About this Research: Request a Free Sample Report
Governments and regulatory bodies in regions such as the US, Europe, and Japan are supporting open RAN to reduce reliance on specific foreign vendors, strengthen supply chain security, and encourage local technology development. Moreover, the policy support and financial incentives supported by governments are accelerating the adoption of open RAN technologies. In addition, the growing demand for innovative services, such as IoT, edge computing, and artificial intelligence (AI)-powered network optimization, is pushing operators to adopt more flexible and programmable networks. Open RAN allows for greater agility and easier integration of new technologies, further driving the Open Radio Access Network Market growth.
Open Radio Access Network Market Trends
Emergence of Network Virtualization and Cloud Integration
Open RAN is driving significant advancements in network virtualization and cloud integration, primarily through the promotion of network function virtualization (NFV). The virtualization of RAN functions and their deployment on general purpose cloud infrastructure enables operators to create more efficient and scalable networks. The cloud-based approach enables greater flexibility in resource management, allowing operators to dynamically allocate network resources based on real-time demand and usage patterns. Additionally, the integration of open RAN with cloud and edge computing platforms enhances network performance, especially in supporting data-intensive applications such as 5G. The open and virtualized nature of open RAN creates opportunities for the integration of artificial intelligence (AI) and machine learning (ML) technologies. These advanced tools are leveraged for real-time network optimization, predictive maintenance, and automated configuration, which make networks more intelligent and adaptive. Thus, network virtualization and cloud integration would emerge as key trends in the Open Radio Access Network Market during the forecast period.
Advanced Security Features and Extensive Network Architecture Control Advantages
Open RAN provides advanced security features and extensive network architecture control, allowing operators to integrate tailor-made security solutions to meet their needs. This level of flexibility is particularly vital for industries with stringent security requirements, such as defense, finance, and healthcare, where customized security protocols are essential for robust protection. Furthermore, open RAN enables operators to have greater control over their networks, allowing them to effectively manage, scale, and modify the architecture to address evolving demands and support new use cases. This high degree of control and customization is critical for operators as they adapt to the dynamic requirements of next-generation networks, including 5G and beyond. Therefore, the Open Radio Access Network Market is expected to witness growth in the coming years.
-market-infographic.webp)
Open Radio Access Network Market Segment Insights
Open Radio Access Network Market Breakdown, by Offering Insights
The global open radio access network (Open RAN) market, based on offering, is segmented into hardware, software, and service. In 2024, the hardware segment accounted for the largest market share due to the increasing demand for flexible and cost-effective network solutions that drove operators to adopt open RAN. This flexibility allows for greater customization and optimization of network resources, enhancing overall performance. Additionally, advancements in hardware technology, such as improved radio units and baseband processors, facilitated operators to deploy and scale open RAN solutions efficiently. The transition toward 5G networks further propelled hardware investments, as the need for higher capacity and lower latency necessitated robust infrastructure upgrades.
Open Radio Access Network Market Breakdown, by Frequency Insights
The global Open RAN Market, based on frequency, is segmented into band sub-6GHz, mmWave, and others. The mmWave segment is expected to register the highest CAGR during the forecast period due to the increasing demand for high-speed wireless communication. Furthermore, applications such as 5G, Internet of Things (IoT), and rural connectivity, necessitate the use of millimeter-wave (mmWave) frequencies, which offer greater bandwidth and higher data rates. The expansion of mobile broadband services and the need for enhanced network capacity in densely populated urban areas are among the factors driving the adoption of mmWave technology. Moreover, the increasing interest in autonomous vehicles and advanced manufacturing processes, both of which rely on high-frequency data transfer, is driving the demand for mmWave solutions. As industries continue to explore innovative applications of this technology, the mmWave segment is expected to register the highest CAGR during 2025–2034.
-market-segment.webp)
Regional Insights
By region, the study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the Open Radio Access Network Market in 2024 due to the region's early adoption of advanced telecommunications technologies, driven by significant investments from major telecommunications operators and infrastructure providers. The push for network modernization, particularly with the rollout of 5G, has led operators to seek flexible and cost-effective solutions that open RAN offers, allowing for the integration of equipment from multiple vendors. Additionally, regulatory support and government initiatives aimed at fostering innovation and competition in the telecom sector have boosted the regional market growth. For instance, in May 2024, in the US, the Department of Commerce’s National Telecommunications and Information Administration (NTIA) stated that funds of up to USD 420 million would be made available to build the radio equipment required to advance open network adoption in the US and other countries. The presence of a robust ecosystem of technology providers, including hardware manufacturers and software developers, has facilitated the rapid deployment of open RAN solutions in North America.
The US held the largest share of the North America Open Radio Access Network Market in 2023 due to the increasing focus on security and flexibility in telecommunications networks that has made open RAN an appealing choice, as it allows for greater transparency and customization in network design.
-market-region.webp)
The Asia Pacific Open Radio Access Network Market is expected to register the highest CAGR during the forecast period. The increasing mobile data consumption across the region, fueled by the rapid adoption of smartphones and IoT devices, has created a pressing need for scalable and efficient network solutions. Furthermore, government initiatives promoting digital infrastructure development and the expansion of 5G networks are significantly contributing to the regional market growth. Countries in Asia Pacific, such as India and Japan, are actively investing in telecommunications upgrades, making open RAN an attractive option for enhancing network capabilities while ensuring interoperability among various equipment vendors.
The India Open Radio Access Network Market is expected to record the highest CAGR during the forecast period due to the increased focus on improving connectivity in rural areas by the government, where traditional networks are not cost-effective. For instance, in August 2024, Bharti Airtel collaborated with US-based Mavenir to deploy open RAN in its 4G and 5G sites in rural areas of the country. Open RAN is deployed more rapidly and economically in these regions, supporting efforts to bridge the digital divide.
Open Radio Access Network Market – Key Players and Competitive Insights
The competitive landscape of the Open Radio Access Network Market is characterized by a diverse mix of established telecommunications giants, innovative technology startups, and a growing ecosystem of specialized vendors. Major global players such as Nokia, Ericsson, and Samsung are increasingly embracing open RAN solutions to maintain their foothold in a rapidly evolving market, offering interoperable hardware and software that align with the open architecture principles of open RAN. Alongside these established firms, newer entrants and smaller companies are gaining traction by developing niche solutions, such as disaggregated network components and software-based RAN controllers, which cater to the flexibility and cost-efficiency that open RAN promises. Strategic partnerships are a key trend, with operators, cloud service providers, and hardware manufacturers collaborating to accelerate the deployment of open RAN networks. A few major market players are AT&T Inc.; Fujitsu Limited; Huawei Technologies Co., Ltd.; Intel; Juniper Networks; Mavenir; NEC Corp.; Nokia Corporation; Parallel Wireless; Radisys Corporation; Samsung Electronics Co., Ltd.; ZTE Corporation.
Samsung Electronics Co., Ltd. is a global company that operates in consumer electronics, mobile communications, information technology, and device solutions. The company provides a wide range of products such as tablets, smartphones, accessories, watches, projectors, TVs, and sound devices. It also offers various home appliances such as washing machines, refrigerators, dryers, cooking appliances, vacuum cleaners, air conditioners, dishwashers, and air purifiers. Additionally, the firm offers monitors, memory storage products, displays, smart and LED signages, and other accessories.
In May 2024, Samsung Electronics and O2 Telefónica launched virtualized RAN and Open RAN commercial sites in Germany. This marks the first use of Samsung’s 5G vRAN solution in a commercial network in Germany, delivering high-performance, reliable 4G and 5G services to customers.
Juniper Networks, Inc. develops and sells advanced routing and switching products globally. This includes MX series Ethernet routers, ACX series universal access routers, wide-area network SDN controllers, PTX series packet transport routers, EX series Ethernet switches, QFX series data center switches, and Juniper access points for Wi-Fi access. In February 2024, Juniper Networks, Vodafone, and Parallel Wireless conducted a successful field trial, validating Admission Control and Traffic Steering applications on the Juniper RAN Intelligent Controller (RIC) platform, highlighting the potential of open RAN solutions.
Key Companies in Open Radio Access Network (Open RAN) Market
- AT&T Inc.
- Fujitsu Limited
- Huawei Technologies Co., Ltd.
- Intel
- Juniper Networks
- Mavenir
- NEC Corp.
- Nokia Corporation
- Parallel Wireless
- Radisys Corporation
- Samsung Electronics Co., Ltd.
- ZTE Corporation
Open Radio Access Network (Open RAN) Industry Developments
- In February 2024, Nokia launched a new 5G mmWave receiver specifically crafted to boost the capacity of Fixed Wireless Access networks.
- In July 2024, EchoStar Corporation launched the Open RAN Center for Integration and Deployment, an advanced Open RAN (O-RAN) testing and evaluation lab located at EchoStar's Cheyenne, Wyoming, data center.
- In October 2023, Vodafone announced that it had fast-tracked the development of new open RAN platforms using Arm architecture to meet the growing demand for faster, greener mobile connectivity. These platforms will feature high-performance Arm-based processors optimized for use in open RAN base stations to support advanced 5G services.
- In March 2021, Qualcomm Technologies, Inc. announced that SoftBank Corp. launched its 5G mmWave service in Japan using Qualcomm's Snapdragon 5G Mobile Platforms. The service offers high-speed multi-Gigabit download speeds, and SoftBank is pushing the "Pocket WiFi 5G A004ZT" 5G mmWave mobile hotspot open for sale.
Open Radio Access Network Market Segmentation
By Offering Outlook (Revenue – USD Million, 2020–2034)
- Hardware
- Radio
- Units Centralized Units/Distributed Units
- Other Hardware
- Software
- RAN Intelligent Controller
- Network Orchestration & Management Software
- Other Software
- Service
- Network Planning & Optimization
- Deployment & Integration
- Support & Maintenance
By Network Deployment Outlook (Revenue – USD Million, 2020–2034)
- Public Networks
- Private Networks
By Frequency Outlook (Revenue – USD Million, 2020–2034)
- Band Sub-6GHz
- mmWave
- Others
By Deployment Phase Outlook (Revenue – USD Million, 2020–2034)
- Brownfield
- Greenfield
By Regional Outlook (Revenue – USD Million, 2020–2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Open Radio Access Network Market Report Scope
|
Report Attributes |
Details |
|
Market Size Value in 2024 |
USD 2,797.19 million |
|
Market Size Value in 2025 |
USD 3,758.59 million |
|
Revenue Forecast By 2034 |
USD 54,032.29 million |
|
CAGR |
34.5% from 2025 to 2034 |
|
Base Year |
2024 |
|
Historical Data |
2020–2023 |
|
Forecast Period |
2025–2034 |
|
Quantitative Units |
Revenue in USD million and CAGR from 2025 to 2034 |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
|
|
Regional Scope |
|
|
Competitive Landscape |
|
|
Report Format |
|
|
Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
FAQ's
The global Open Radio Access Network Market size was valued at USD 2,797.19 million in 2024 and is projected to grow to USD 54,032.29 million by 2034.
The global market is projected to register a CAGR of 34.5% during the forecast period.
North America accounted for the largest share of the global market in 2024 due to the region's early adoption of advanced telecommunications technologies.
A few key players in the market are AT&T Inc.; Fujitsu Limited; Huawei Technologies Co., Ltd.; Intel; Juniper Networks; Mavenir; NEC Corp.; Nokia Corporation; Parallel Wireless; Radisys Corporation; Samsung Electronics Co., Ltd.; ZTE Corporation.
The hardware segment dominated the market in 2024 due to the increasing demand for flexible and cost-effective network solutions.
The mmWave segment is expected to register the highest CAGR during the forecast period due to the increasing demand for high-speed wireless communication.
© 2024 Polaris Market Research and Consulting. All rights reserved
