Global Open Radio Access Network (ORAN) Market Report and Forecast 2024-2032

Global Open Radio Access Network (ORAN) Market Size

The global open radio access network (ORAN) market reached approximately USD 1.20 billion in 2023. The market is projected to grow at a CAGR of 70.6% between 2024 and 2032, reaching a value of around USD 146.89 billion by 2032.

Global Open Radio Access Network (ORAN) Market Outlook

The global open radio access network (ORAN) market value is increasing due to a combination of several factors. ORAN is convenient for organisations to save energy resources while ensuring minimum workflow disruption. It also reduces infrastructure costs and improves network flexibility, which leads to the creation of cost-effective solutions that improve value for money for consumers and create positive business opportunities for all stakeholders.

By enabling telecom providers to segregate their hardware and software components, ORAN fosters a greater diversity of supply chain networks. Thus, Open RAN is transforming the telecommunications industry by driving innovation and reducing costs related to conventional solutions.

Expansion of 5G Network and Rising Government Support are Some of the Crucial Open Radio Access Network (ORAN) Market Trends

• The market is segmented by component, with hardware expected to lead the market with a compound annual growth rate (CAGR) of 79.1%. This growth is driven by its high interoperability, which enables easier upgrades and allows scalability with the growing size of the network.

• As per the open radio access network (ORAN) industry analysis, software follows with a projected CAGR of 74.1%, due to the increasing demand for agile and highly customisable network management solutions.

• Services are anticipated to grow at a CAGR of 67.1%, due to the growing number nature of complexities involved in the maintenance and deployment of such networks.

Technological Advancements and Standardisation are Driving the Open Radio Access Network (ORAN) Market Growth

• In terms of application, the telecom segment is anticipated to dominate the market, with a CAGR of 77.7%. Over the forecast period, the emergence of 6G technology is expected to fuel the open radio access network (ORAN) demand, as it provides a scalable and flexible network architecture to network service providers.

• The public safety segment is projected to grow at a CAGR of 74.8%, driven by the growing need for reliable communication solutions during periods of emergency.

• The industrial segment is expected to grow at a CAGR of 67.8%, as Open RAN facilitates industries like logistics and manufacturing to build custom networks that support real-time data analysis.

• The others segment is expected to grow at a CAGR of 63.5%, with open radio access network (ORAN) being widely used in IoT applications in smart cities.

Global Open Radio Access Network (ORAN) Market Regional Analysis

• The market is expected to experience varied growth rates across different regions from 2024 to 2032. The Asia Pacific significantly contributes to the open radio access network (ORAN) market share, growing at a CAGR of 91.4% during 2024-2032. This growth is driven by rapid industrialisation and the rising demand for reliable connectivity solutions in countries like China and India.

• The Middle East and Africa are expected to grow at a CAGR of 76.4%, supported by infrastructural development and the need for reliable internet services in remote areas.

• Latin America is projected to grow at a CAGR of 67.3%, reflecting the region's ongoing efforts to enhance connectivity and promote economic development.

• North America remains a significant market with a projected CAGR of 58.1%, driven by the demand for IoT applications residential and commercial sectors, particularly in the USA and Canada.

• The demand for the Europe open radio access network (ORAN) market is expected to grow at a CAGR of 54.1%, driven by technological advancements and the adoption of open radio access networks (ORAN)s in various applications across the region.

Open Radio Access Network (ORAN) Market Regional Insight

North America

USA: Projected to grow at a CAGR of 57.5%, driven by technological advancements and the anticipated growth in demand for 6G across various sectors.

Canada: Expected to grow at a CAGR of 66.6%, reflecting efforts to enhance the cost-effectiveness of telecom services and support for advanced technologies.

Open Radio Access Network (ORAN) Industry Statistics in Europe

UK: Anticipated to grow at a CAGR of 64.5%, driven by strong policies promoting the adoption of open radio access networks (ORAN) and technological advancements.

Germany: Expected to grow at a CAGR of 51.9%, supported by technological advancements and increasing adoption of open radio access networks (ORAN) in residential and industrial applications.

France: Projected to grow at a CAGR of 49.4%, reflecting stable demand and advancements in open radio access network (ORAN) technology.

Italy: Expected to grow at a CAGR of 44.2%, driven by efforts to modernize its telecom infrastructure and enhance internet reliability.

Asia Pacific

India: Leading with the highest regional CAGR of 105.00%, reflecting rapid industrial growth and increasing adoption of open radio access networks (ORAN) to address connectivity problems.

China: Expected to grow at a CAGR of 87.6%, driven by significant industrialisation and the adoption of advanced open radio access networks (ORAN).

Japan: Projected to grow at a CAGR of 54.6%, supported by technological advancements and investments in robust infrastructure development.

Australia: Expected to grow at a CAGR of 62.2%, driven by expanding urbanization and the adoption of modern internet solutions.

Latin America

The open radio access network (ORAN) industry in Brazil is projected to grow at a CAGR of 77.1%, supported by expanding industrial activities and the modernisation of cable infrastructure.

Mexico: Expected to grow at a CAGR of 65.7%, reflecting ongoing efforts to boost industrial production and modernise its telecom infrastructure.

Middle East and Africa

Saudi Arabia: Projected to grow at a CAGR of 80.2%, reflecting significant investments in infrastructural development and the creation of smart cities.

Key Questions Answered in This Report:

• How has the global open radio access network (ORAN) market performed historically, and what are the growth expectations for the future?

• What are the primary factors influencing demand and growth in the global open radio access network (ORAN) market?

• What are the key segments within the global open radio access network (ORAN) market, and how are they expected to evolve over the forecast period?

• What are the major challenges and opportunities facing stakeholders in the global open radio access network (ORAN) market?

• Who are the key players in the global open radio access network (ORAN) market, and what strategies are they employing to maintain a competitive edge?

• What are the regulatory and policy factors influencing open radio access network (ORAN) market globally or regionally?

• How competitive is the global open radio access network (ORAN) market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers?

• What are the current trends shaping the global open radio access network (ORAN) market landscape, and how are they expected to evolve in the future?

• How are technological advancements impacting the global open radio access network (ORAN) market, and what role do innovation and R&D play in driving growth?

• What are the consumer preferences and buying behaviour trends influencing the global open radio access network (ORAN) market?

• How sustainable are current growth rates in the global open radio access network (ORAN) market, and what factors could potentially disrupt these trends?

• What are the regional dynamics within the global open radio access network (ORAN) market, and how do they contribute to overall market growth?

• What are the economic factors influencing the global open radio access network (ORAN) market, such as GDP growth, inflation rates, and currency fluctuations?

• How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the global open radio access network (ORAN) market?

• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the global open radio access network (ORAN) market?

• What are the regulatory and legal frameworks impacting the global open radio access network (ORAN) market globally or in key regions?

• How are changing consumer lifestyles and preferences influencing product or service demand within the global open radio access network (ORAN) market?

• What are the emerging market trends and niche opportunities within the global open radio access network (ORAN) market that stakeholders should be aware of?

• How resilient is the global open radio access network (ORAN) market to external shocks or disruptions, such as geopolitical tensions or natural disasters?

• What are the potential barriers to market entry and growth for new players in the global open radio access network (ORAN) market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the Global open radio access network (ORAN) market spanning from 2018 to 2032.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the global open radio access network (ORAN) industry.

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the global open radio access network (ORAN) market.

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the global open radio access network (ORAN) market landscape.

Key Highlights of the Report