Published Date: 31-Jan-2023
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According to a new report, published by KBV research, The Global Open Radio Access Network (Open RAN) Market size is expected to reach $23.1 billion by 2028, rising at a market growth of 64.4% CAGR during the forecast period.
The Open VRAN segment is showcasing a CAGR of 67.8% during (2022 - 2028). Open VRAN, also known as an open & virtualized RAN, is characterized by combined vertical and horizontal disaggregation. In addition to giving CSPs access to a wide range of cutting-edge technologies, this feature helps build a more flexible, intelligent, and resilient network, greatly improving the flexibility and efficiency of CSP installations and operations. Furthermore, with vRAN, many suppliers can provide the baseband, radio, and even individual software and hardware components, which supports the segment's growth.
The Sub-6GHz segment acquired maximum revenue share in the Global Open Radio Access Network (Open RAN) Market by Frequency in 2021 thereby, achieving a market value of $15.8 billion by 2028. The expansive implementation of sub-6GHz in emerging nations is responsible for the segment's growth. For 5G, emerging economies' telecoms will require the capacity and coverage features of the sub-6 GHz bands. In addition to having enough capacity to fulfill demand, sub-6 GHz can also go farther and is not affected by rain. Furthermore, key applications like the Fixed Wireless Access (FWA) and Internet of Things (IoT) depend on sub-6 GHz bands.
The Hardware segment has shown the growth rate of 63.9 % during (2022 - 2028). The hardware of Open RAN mainly includes antennas, radios, and baseband devices. Different frequency bands used by the RAN antenna systems enable higher data throughput, greater coverage, and less interference. Antenna systems are made to accept signals from user equipment, including smartphones & PCs with 5G capabilities, and transmit the information to the radio unit.
The Public segment is generating highest revenue share in the Global Open Radio Access Network (Open RAN) Market by Access in 2021 thereby, achieving a market value of $16.2 billion by 2028. Nearly all enterprise connections are restricted geographically and experience lower and relatively predictable traffic loads compared to 5G urban public networks. Public networks serve several devices running on high-bandwidth applications in a single area. The increasing initiatives by the government to provide Wi-Fi or 5G services are propelling the segment's growth.
The 4G LTE segment is poised to grow at a CAGR of 63.7% during (2022 - 2028). Up to 100Mbps, 4G LTE offers high-speed mobile multimedia. Mobile operators in affluent nations like the US are concentrating on geopolitics around foreign vendors, which has increased the possibilities for Open RAN for existing 4G brownfield networks. Many important carriers have already started using Open RAN to grow their 4G networks and propel the segment's expansion.
The North America market dominated the Global Open Radio Access Network (Open RAN) Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8 billion by 2028. The Europe market is exhibiting a CAGR of 64% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 65.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/open-radio-access-network-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Radio Interface
Unique Offerings from KBV Research
North America Open Radio Access Network (Open RAN) Market Future Scope & Opportunities 2022-2028
Europe Open Radio Access Network (Open RAN) Market Size & Growth Forecast 2022-2028
Asia Pacific Open Radio Access Network (Open RAN) Market Size, Share & Industry Outlook to 2028
LAMEA Open Radio Access Network (Open RAN) Market Growth, Trends & Forecasts 2022-2028