O-RAN Market Analysis By Growth, Emerging Trends And Future Opportunities Till 2028

Date: December 27, 2022

O-RAN Market Analysis By Growth, Emerging Trends And Future Opportunities Till 2028

Market Study Report recently added a new title on 2022-2028 Global O-RAN Market Report from its database. The report provides study with in-depth overview, describing about the Product, Size, Share, Industry Scope and elaborates market outlook and status to 2028. Global O-RAN market is expected to grow at a CAGR of 31.7% during 2022-2028.

Integration of cloud computing & AI (artificial intelligence), reliable supply chain of dependable vendors, increasing data consumption brought on by rising high-speed data demand, soaring internet usage, and rising government incentives for the deployment of 5G infrastructure are the major growth determinants for global O-RAN market.

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For the unversed, the Open Radio Access Network or O-RAN, is focused on the standardization and interoperability of RAN components, including a consistent connectivity standard for white-box hardware and open-source software elements from numerous providers.

Furthermore, the ability of O-RAN to replace the labor-intensive manual effort of maintaining, upgrading, and optimizing networks with centrally-controlled as well as automated computing processes, is likely to stimulate industry expansion in the upcoming years.

On the basis of component, the market is distributed into software, services, and hardware. Among these, the hardware segment is projected to hold a substantial revenue share during the review timeline whereas the services segment is expected to amass notable returns by the end of the forecast period.

By connectivity, worldwide O-RAN industry is split into 5G and 4G LTE. Among these, both 4G LTE and 5G segments are expected to expand significantly during the assessment period.

Based on deployment location, the market is split into rural and urban. Out of which, the urban segment is likely to capture major market share in the coming years. Speaking of end-use, the industry is branched into aerospace & defense, automotive, media & entertainment, industrial, public infrastructure, and others. Out of which, the public infrastructure segment is projected to grow substantially over the given timeframe.

Regionally, the latest trends are studied across Western Europe (UK, Benelux, France, Spain, Nordic, Germany, Italy, rest of Western Europe), Latin America (Brazil, Mexico, rest of Latin America), Asia Pacific (Australia, South Korea, China, ASEAN, India, Japan, rest of APAC), Middle East & Africa (Turkey, GCC, South Africa, rest of MEA), Eastern Europe (Poland, Russia, rest of Eastern Europe), and North America (U.S. and Canada). Among these, North America region is poised to expand significantly over the forecast duration.

Coming to the competitive landscape, NXP Semiconductors N.V., Fujitsu Limited, Viavi Solutions, Casa Systems Inc., Parallel Wireless Inc., Radisys Corporation, Sterlite Technologies Limited, NTT Docomo, Inc., HRMavenir Systems, Inc., Huawei Technologies Co., Ltd., Qualcomm Incorporated, Telefonaktiebolaget LM Ericsson, and Nokia Corporation are the leading players in global O-RAN industry.

Questions and Answers: Global O-RAN Market

Q1. What are the growth determinants for global O-RAN market?

Answer: Integration of cloud computing & AI, reliable supply chain of dependable vendors, increasing data consumption brought on by rising high-speed data demand, soaring internet usage, and rising government incentives for the deployment of 5G infrastructure are the major growth determinants for global O-RAN market.

Q2. Which end-use category is slated to contribute significantly to worldwide O-RAN market earnings?

Answer: The public infrastructure end-use segment is projected to grow substantially over the given timeframe.

Q3. Which are the key players in global O-RAN market?

Answer: NXP Semiconductors N.V., Fujitsu Limited, Viavi Solutions, Casa Systems Inc., Parallel Wireless Inc., Radisys Corporation, Sterlite Technologies Limited, NTT Docomo, Inc., HRMavenir Systems, Inc., Huawei Technologies Co., Ltd., Qualcomm Incorporated, Telefonaktiebolaget LM Ericsson, and Nokia Corporation are the leading players in global O-Ran industry.

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