Latin America Open Ran Market Size & Outlook, 2023-2030
Latin America open ran market, 2019-2030 (US$M)
Related Markets
Latin America open ran market highlights
- The Latin America open ran market generated a revenue of USD 268.0 million in 2023.
- The market is expected to grow at a CAGR of 27% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 268.0 million |
| Market revenue in 2030 | USD 1,426.9 million |
| Growth rate | 27% (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 |
| Key market players worldwide | NEC Corp, Fujitsu Ltd, Nokia Oyj, Samsung Electronics Co Ltd, Reliance Industries Ltd GDR - 144A, ZTE Corp Class H, Huawei Technologies, AT&T |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.7% of the global open ran market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,479.1 million by 2030.
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Open RAN Market Scope
Open RAN Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 49.37% in 2023. Horizon Databook has segmented the Latin America open ran market based on hardware, software, services covering the revenue growth of each sub-segment from 2019 to 2030.
- Latin America Open RAN Component Outlook (Revenue, USD Million, 2019-2030)
- Hardware
- Software
- Services
- Consulting
- Deployment and Implementation
- Support and Maintenance
- Latin America Open RAN Unit Outlook (Revenue, USD Million, 2019-2030)
- Radio Unit
- Distributed Unit
- Centralised Unit
- Latin America Open RAN Deployment Outlook (Revenue, USD Million, 2019-2030)
- Private
- Hybrid Cloud
- Public Cloud
- Latin America Open RAN Network Outlook (Revenue, USD Million, 2019-2030)
- 2G/3G
- 4G
- 5G
- Latin America Open RAN Frequency Outlook (Revenue, USD Million, 2019-2030)
- 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 continent-level data and insights on the Latin America open ran market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America open ran market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America open ran market size, by country, 2019-2030 (US$M)
Latin America Open RAN Market Outlook Share, 2023 & 2030 (US$M)
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