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Global Open Radio Access Network (ORAN) Market Size, Share: By Component: Hardware, Software, Services; By Application: Telecom, Public Safety, Industrial, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 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 Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 1.20 |
| Market Size 2032 | USD Billion | 146.89 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 70.6% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 91.4% |
| CAGR 2024-2032 - Market by Country | India | 105.0% |
| CAGR 2024-2032 - Market by Country | China | 87.6% |
| CAGR 2024-2032 - Market by Component | Hardware | 79.1% |
| CAGR 2024-2032 - Market by Application | Telecom | 77.7% |
| Market Share by Country 2023 | USA | XX% |
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.
| CAGR 2024-2032 - Market by | Component |
| Hardware | 79.1% |
| Software | 74.1% |
| Services | 67.1% |
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.
| CAGR 2024-2032 - Market by | Application |
| Telecom | 77.7% |
| Public Safety | 74.8% |
| Industrial | 67.8% |
| Others | 63.5% |
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.
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 91.4% |
| Middle East and Africa | 76.4% |
| Latin America | 67.3% |
| North America | 58.1% |
| Europe | 54.1% |
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.
| CAGR 2024-2032 - Market by | Country |
| India | 105.0% |
| China | 87.6% |
| Saudi Arabia | 80.2% |
| Brazil | 77.1% |
| Canada | 66.6% |
| Mexico | 65.7% |
| UK | 64.5% |
| Australia | 62.2% |
| USA | 57.5% |
| Japan | 54.6% |
| Germany | 51.9% |
| France | 49.4% |
| Italy | 44.2% |
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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Open Radio Access Network (ORAN) Market Analysis
8.1 Key Industry Highlights
8.2 Global Open Radio Access Network (ORAN) Historical Market (2018-2023)
8.3 Global Open Radio Access Network (ORAN) Market Forecast (2024-2032)
8.4 Global Open Radio Access Network (ORAN) Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Open Radio Access Network (ORAN) Market by Application
8.5.1 Telecom
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Public Safety
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Industrial
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Open Radio Access Network (ORAN) Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Open Radio Access Network (ORAN) Market Analysis
9.1 Market by Component
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Market by Component
9.3.1.2 Market by Application
9.3.1.3 Historical Trend (2018-2023)
9.3.1.4 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Market by Component
9.3.2.2 Market by Application
9.3.2.3 Historical Trend (2018-2023)
9.3.2.4 Forecast Trend (2024-2032)
10 Europe Open Radio Access Network (ORAN) Market Analysis
10.1 Market by Component
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Market by Component
10.3.1.2 Market by Application
10.3.1.3 Historical Trend (2018-2023)
10.3.1.4 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Market by Component
10.3.2.2 Market by Application
10.3.2.3 Historical Trend (2018-2023)
10.3.2.4 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Market by Component
10.3.3.2 Market by Application
10.3.3.3 Historical Trend (2018-2023)
10.3.3.4 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Market by Component
10.3.4.2 Market by Application
10.3.4.3 Historical Trend (2018-2023)
10.3.4.4 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Open Radio Access Network (ORAN) Market Analysis
11.1 Market by Component
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Market by Component
11.3.1.2 Market by Application
11.3.1.3 Historical Trend (2018-2023)
11.3.1.4 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Market by Component
11.3.2.2 Market by Application
11.3.2.3 Historical Trend (2018-2023)
11.3.2.4 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Market by Component
11.3.3.2 Market by Application
11.3.3.3 Historical Trend (2018-2023)
11.3.3.4 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Market by Component
11.3.4.2 Market by Application
11.3.4.3 Historical Trend (2018-2023)
11.3.4.4 Forecast Trend (2024-2032)
11.3.5 Australia
11.3.5.1 Market by Component
11.3.5.2 Market by Application
11.3.5.3 Historical Trend (2018-2023)
11.3.5.4 Forecast Trend (2024-2032)
11.3.6 Others
12 Latin America Open Radio Access Network (ORAN) Market Analysis
12.1 Market by Component
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Market by Component
12.3.1.2 Market by Application
12.3.1.3 Historical Trend (2018-2023)
12.3.1.4 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Market by Component
12.3.2.2 Market by Application
12.3.2.3 Historical Trend (2018-2023)
12.3.2.4 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Market by Component
12.3.3.2 Market by Application
12.3.3.3 Historical Trend (2018-2023)
12.3.3.4 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Open Radio Access Network (ORAN) Market Analysis
13.1 Market by Component
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Market by Component
13.3.1.2 Market by Application
13.3.1.3 Historical Trend (2018-2023)
13.3.1.4 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Market by Component
13.3.2.2 Market by Application
13.3.2.3 Historical Trend (2018-2023)
13.3.2.4 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Market by Component
13.3.3.2 Market by Application
13.3.3.3 Historical Trend (2018-2023)
13.3.3.4 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Market by Component
13.3.4.2 Market by Application
13.3.4.3 Historical Trend (2018-2023)
13.3.4.4 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Huawei Technologies Co., Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Nokia Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Samsung Electronics Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 ZTE Corp.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 NEC Corp.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Ericsson
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Open Radio Access Network (ORAN) Market: Key Industry Highlights, 2018 and 2032
2. Global Open Radio Access Network (ORAN) Historical Market: Breakup by Component (USD Million), 2018-2023
3. Global Open Radio Access Network (ORAN) Market Forecast: Breakup by Component (USD Million), 2024-2032
4. Global Open Radio Access Network (ORAN) Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Open Radio Access Network (ORAN) Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Open Radio Access Network (ORAN) Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Open Radio Access Network (ORAN) Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Open Radio Access Network (ORAN) Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Open Radio Access Network (ORAN) Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Open Radio Access Network (ORAN) Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Open Radio Access Network (ORAN) Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Open Radio Access Network (ORAN) Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Open Radio Access Network (ORAN) Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Open Radio Access Network (ORAN) Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Open Radio Access Network (ORAN) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Open Radio Access Network (ORAN) Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Open Radio Access Network (ORAN) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Open Radio Access Network (ORAN) Market Structure
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