PUBLISHER: Polaris Market Research | PRODUCT CODE: 1605830
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1605830
The global open radio access network (open RAN) market size is expected to reach USD 54,032.29 million by 2034, according to a new study by Polaris Market Research. The report "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); Segment Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The open RAN market is revolutionizing the telecommunications industry by enabling the disaggregation of hardware and software components in mobile networks. Open RAN decouples the traditional, vendor-specific radio access networks, allowing telecom operators to mix and match components from various suppliers. This open architecture provides greater flexibility, cost savings, and the ability to customize networks, making it particularly appealing for the deployment of 5G and beyond. The increasing demand for high-speed connectivity, driven by the rapid adoption of 5G, is driving demand for open radio access network (Open RAN). Additionally, the growing emphasis on network security and resilience is boosting demand for open RAN, as its open standards and multi-vendor ecosystem reduce reliance on single suppliers, mitigating potential supply chain risks.
Government support and policy initiatives aimed at fostering innovation and competition in the telecommunications sector accelerate the open radio access network market growth. Countries in regions such as North America and Asia Pacific, particularly India, are leading in adoption due to favorable regulatory environments and ongoing efforts to expand 5G infrastructure. Moreover, advancements in cloud computing and software-defined networking (SDN) are enabling more efficient open RAN deployments, further contributing to the market growth.
Based on offering, the hardware segment accounted for the largest revenue share of the open radio access network market in 2024 due to the increasing demand for advanced, flexible infrastructure to support 5G deployment and network scalability.
By frequency, the mmWave segment is expected to register the highest CAGR during the forecast period due to its ability to provide high-speed data transmission and increased network capacity.
In 2024, North America accounted for the largest share of the open radio access network (open RAN) market due to the significant investments in 5G infrastructure, early adoption of advanced network technologies, and strong support from government initiatives and leading telecom operators.
The Asia Pacific market is expected to record the highest CAGR during the forecast period due to the rapid expansion of 5G networks, increasing mobile data consumption, and government initiatives supporting digital infrastructure across the region.
A few global key 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.
Polaris Market Research has segmented the open radio access network market report on the basis of offering, network deployment, frequency, deployment phase, and region: