Open RAN Market Share, Revenue, Growth, Leading Growth Drivers, Challenges
Open RAN market size is projected to grow from USD 1.1 billion in 2022 to USD 15.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 70.5% during the forecast period. Improvement in total cost of ownership (TCO) and return on investment (ROI)are driving the growth of the Open RAN market.
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major vendors covered in the Open RAN market Ericsson (Sweden), Nokia (Finland), Samsung (South Korea), NEC Corporation (Japan), Hewlett Packard Enterprise (US), VMware (US), Huawei (China), AT&T (US), Fujitsu (Japan), IBM (US), Orange (France), Airspan Networks (US), Mavenir (US), CommScope (US), Viavi Solutions (US), Amdocs (US), Renesas (Japan), MTN Group (South Africa), Entel (Chile), Comba Telecom (China), KDDI (Japan), SingTel (Singapore), TIM (Italy), Telefonica (Spain), Sivers Semiconductors (Sweden), NXP Semiconductors (Netherlands), Picocom (UK), Etisalat (UAE), Mobily (Saudi Arabia), XCOM Labs (US), DeepSig (US), ZTE (China), Celona (US), LIME Microsystems (UK), Verana Networks (US), Microamp Solutions (Poland). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, and collaborations, new product launches, to expand their presence in the Open RAN market.
Huawei is one of the world's largest telecommunication equipment manufacturers and ICT service and solution providers. It operates in three core business segments: consumer, carrier, and enterprise. The carrier business segment offers a series of products, services, and business solutions. These products, services, and solutions encompass wireless and cloud core networks, fixed networks, cloud and data centers, and service and software for global telecom carriers. The enterprise segment leverages ICT technologies to provide products and services. The products and services enable industries, such as government, public utilities, finance, energy, and transport, to become digital. The consumer business segment provides smartphones, tablets, PCs, wearable devices, converged home devices, applications, and services for consumers and businesses. The company’s product portfolio caters to various regions, including North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Ericsson is one of the leading providers of information and communication technology to service providers. It makes its customers successful in a fully connected world by innovating game-changing technology and solutions that are easy to use. It offers solutions for networks, cloud software solutions, and emerging businesses, helping customers improve their efficiency and digital experience and capture new revenue streams. Ericsson operates in more than 180 countries, and it has over 57,000 granted patents. Ericsson’s Network Design and Optimization portfolio includes services and software enabled by the Ericsson Operations Engine. With big data, AI, and crowdsourced data analytics, the solutions deliver superior performance while limiting costs by monitoring numerous KPIs, building an end-user experience-centric model, and enabling targeted CAPEX investments.
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