The Europe Open Radio Access Network (Open RAN) Market would witness market growth of 64.0% CAGR during the forecast period (2022-2028).
The open RAN movement is seen as a game-changer with the power to propel mobile radio access networks in the direction of custom-made solutions based on the breakdown of the architecture. These developments will have an impact on how networks are deployed, how network pieces are procured, how they are further integrated, and how they are maintained. The first Open-RAN-based network deployments have already provided end users with broadband services.
Both academics and the industry are working concurrently on numerous theoretical research and proof-of-concept feature evaluations to propagate the development of Open RAN further. A new wave of services made possible by 5G technologies is being supported by communication service providers (CSPs), who are starting a journey toward digital transformation. In terms of radio technology, these include the use of millimeter wave spectrum (mmWave) for higher throughput and lower latency.
This also includes re-architecting the core network centered on Control-User Plane Separation (CUPS) and service-based architecture to increase the flexibility and efficiency of the 5G network for network sectioning use cases. As a last resort, it will open the RAN to allow for an intelligent and completely interoperable RAN.
In this region, five major telecom companies—Deutsche Telekom (DT), Telecom Italia (TIM), Orange, Telefonica, and Vodafone Group—published a joint paper in November 2021 to emphasize the importance of working together on Open RAN. The paper, which is intended for policymakers, EU member states, and the larger ecosystem, concludes that Open RAN must become a cornerstone of the Digital Compass strategy and Industrial Policy if Europe is to maintain its competitiveness in the 5G but also the 6G age. Accordingly, these providers actively support Open RAN. They also expressed their Open RAN technological priorities in June 2021 to promote ecosystem development.
The Germany market dominated the Europe Open Radio Access Network (Open RAN) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,512.7 million by 2028.The UK market is anticipated to grow at a CAGR of 62.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 65.2% during (2022 - 2028).
Based on Type, the market is segmented into Open RAN RU and Open VRAN. Based on Frequency, the market is segmented into Sub-6GHz and mmWave. Based on Component, the market is segmented into Hardware, Software and Services. Based on Access, the market is segmented into Public and Private. Based on Radio Interface, the market is segmented into 2G, 3G, 4G LTE and 5G. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Open Radio Access Network (Open RAN) Market will Hit $23.1 Billion by 2028, at a CAGR of 64.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Hewlett Packard Enterprise Company (HP Development Company L.P.), Fujitsu Limited, Nokia Corporation, NEC Corporation, Ericsson AB, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), ZTE Corporation, VMware, Inc., and AT&T, Inc.
By Type
By Frequency
By Component
By Access
By Radio Interface
By Country
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