Global Open Ran Market Size & Outlook, 2024-2030
Global open ran market, 2018-2030 (US$M)
Related Markets
Global open ran market highlights
- The global open ran market generated a revenue of USD 4,512.8 million in 2024 and is expected to reach USD 20,410.1 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 28.6% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 2,116.0 million in 2024.
- 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 2024.
- Country-wise, Canada is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 4,512.8 million |
| Market revenue in 2030 | USD 20,410.1 million |
| Growth rate | 28.6% (CAGR from 2025 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 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 41.2% of the global open ran market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 1,549.5 million by 2030.
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Open RAN Market Scope
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 46.89% in 2024. Horizon Databook has segmented the Global open ran market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Open RAN Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Services
- Consulting
- Deployment and Implementation
- Support and Maintenance
- Global Open RAN Unit Outlook (Revenue, USD Million, 2018-2030)
- Radio Unit
- Distributed Unit
- Centralised Unit
- Global Open RAN Deployment Outlook (Revenue, USD Million, 2018-2030)
- Private
- Hybrid Cloud
- Public Cloud
- Global Open RAN Network Outlook (Revenue, USD Million, 2018-2030)
- 2G/3G
- 4G
- 5G
- Global Open RAN Frequency Outlook (Revenue, USD Million, 2018-2030)
- Sub-6 GHz
- mmWave
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Our clientele includes a mix of open ran market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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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, 2024 (US$M)
| Component | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 138.0 | 231.6 | 411.5 | 729.0 | 1,182.7 | 1,857.6 | 2,593.6 | 3,280.5 | 3,963.7 | 4,718.7 | 5,624.3 | 6,763.6 | 28.3% |
| Europe | 0.0 | 22.1 | 79.5 | 200.8 | 348.1 | 584.2 | 871.4 | 1,177.6 | 1,520.3 | 1,933.7 | 2,462.5 | 3,164.0 | 37.1% |
| Asia Pacific | 0.0 | 21.3 | 59.0 | 181.9 | 323.0 | 555.4 | 848.8 | 1,175.2 | 1,554.4 | 2,025.6 | 2,642.9 | 3,479.1 | 40.4% |
| Latin America | 0.0 | 29.6 | 68.2 | 166.9 | 268.0 | 416.7 | 575.8 | 720.9 | 862.2 | 1,016.0 | 1,198.7 | 1,426.9 | 27.0% |
| MEA | 142.9 | 183.5 | 279.9 | 368.9 | 649.3 | 1,098.9 | 1,642.9 | 2,212.5 | 2,831.3 | 3,552.3 | 4,441.3 | 5,576.6 | 36.0% |
| Overall | 280.9 | 488.1 | 898.0 | 1,647.6 | 2,771.2 | 4,512.8 | 6,532.5 | 8,566.7 | 10,731.9 | 13,246.2 | 16,369.8 | 20,410.1 | 33.0% |
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