The Global O-RAN Market reached US$ 450 million

WILMINGTON, Del. - Jan. 20, 2023 - PRLog -- The report entitled "Global O-RAN Market" analyzes the market for ORAN globally, based on component connectivity technology, locations, end use, and region. A thorough market analysis contains a thorough historical, current, and forecast market analysis.

Market Analysis and Dynamic

The global O-RAN market is anticipated to expand at a rate of approximately 9.3 percent over the 2022-2028 forecast.

• Factors that are affecting the expansion of the O-RAN market include the increasing use of data as a result of the rise of internet penetration, the integration of cloud computing and AI, the introduction of 5G infrastructure, etc.are likely to provide opportunities for the global O-RAN market over the next years.

Additionally, funding from the government targeted at improving technology for RU/DU/CU (silicon and computer) technology, speeding up testing for interoperability and rewarding users who use open RAN architecture Open RAN architecture could yield greater growth in the coming years.

Segmental Analysis

• Based on the connectivity technology, 5G holds a dominant share as with technology maturity comes rising confidence, the Open RAN market for 5G will see trajectory growth in the upcoming years.
• Based on End-use, the BFSI segment holds a prominent share in the global O-RAN market owing to the increased cases of financial data loss.

Competition Analysis
Due to the presence of many well-established companies in the global O-RAN market, there is intense competition in the global O-RAN market. The global O-RAN market is expected to witness growth in the forthcoming years as innovative features such as the RAN Intelligent controller ("RIC") gain traction in the global O-RAN market.

• In April 2022, Fujitsu Network Communications announced its plan to support the Evenstar Open RAN program, Fujitsu Network Communications. The 5G huge MIMO (Multiple Input, Multiple Output) Radio Units will be provided by Fujitsu (RUs) and in order to enable O-RAN standardized interfaces, it will offer 3.5GHz RUs.

Some of the prominent players that contribute significantly to the O-RAN market growth are Nokia Corp., Telefonaktiebolaget LM Ericsson, Qualcomm Inc., Huawei Technologies Co. Ltd., Mavenir Systems Inc., NTT DoCoMo Inc.,among others.

RationalStat has segmented the global O-RAN market on the basis of component, connectivity technology, deployment location, end-use, and region.

• By Component
  • Hardware
  • Radio Unit
  • Base Band Unit
  • Antennas
• By Connectivity Technology
  • 4G LTE
  • 5G
• By Deployment Location
  • Urban
  • Rural
• By End Use
  • Public Infrastructure
  • Automotive
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
  • Eastern Europe
    • Russia
    • Poland
  • Asia Pacific
    • Japan
    • India
    • South Korea
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey

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