Global Open Ran Market Size & Outlook, 2023-2030
The open ran industry worldwide is expected to reach a projected revenue of US$ 20,410.1 million by 2030. A compound annual growth rate of 33% is expected of the worldwide open ran industry from 2024 to 2030.
Revenue, 2023 (US$M)
$2,771.2
Forecast, 2030 (US$M)
$20,410.1
CAGR, 2024 - 2030
33%
Report Coverage
Worldwide
Global open ran market, 2019-2030 (US$M)
Related Markets
Global open ran market highlights
- The global open ran market generated a revenue of USD 2,771.2 million in 2023 and is expected to reach USD 20,410.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 33% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 1,318.4 million in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,771.2 million |
| Market revenue in 2030 | USD 20,410.1 million |
| Growth rate | 33% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 42.7% of the global open ran market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 5,214.1 million by 2030.
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Open RAN Market Scope
Open ran market segmentation & scope
Hardware
Software
Consulting
Deployment and Implementation
Support and Maintenance
Open RAN Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global open ran market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to open ran market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 47.58% in 2023. Horizon Databook has segmented the Global open ran market based on hardware, software, services covering the revenue growth of each sub-segment from 2019 to 2030.
- Global Open RAN Component Outlook (Revenue, USD Million, 2019-2030)
- Hardware
- Software
- Services
- Consulting
- Deployment and Implementation
- Support and Maintenance
- Global Open RAN Unit Outlook (Revenue, USD Million, 2019-2030)
- Radio Unit
- Distributed Unit
- Centralised Unit
- Global Open RAN Deployment Outlook (Revenue, USD Million, 2019-2030)
- Private
- Hybrid Cloud
- Public Cloud
- Global Open RAN Network Outlook (Revenue, USD Million, 2019-2030)
- 2G/3G
- 4G
- 5G
- Global Open RAN Frequency Outlook (Revenue, USD Million, 2019-2030)
- Sub-6 GHz
- mmWave
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Horizon Databook provides a detailed overview of global-level data and insights on the Global open ran market , including forecasts for subscribers. This global databook contains high-level insights into Global open ran market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global open ran market size, by regions, 2019-2030 (US$M)
Top 10 countries: Open ran market size, 2023 (US$M)
Global open ran market share, by component, 2023 & 2030 (%, US$M)
open ran market: Opportunity assessment by country
Global open ran market, by region, 2023 (US$M)
Related regional statistics
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