Open Radio Access Network (Open RAN) Market
The Open Radio Access Network (Open RAN) market involves the disaggregation of traditional mobile network hardware and software, enabling telecom operators to use components from various suppliers. The primary customers are telecommunications operators deploying 5G and future networks. Key growth drivers include the rising demand for high-speed 5G connectivity, a strategic push for greater network security and supply chain diversity, supportive government policies, and advancements in cloud computing and software-defined networking.
CAGR
33.78%
Compound Annual Growth Rate
Current Value
$6.10B
Estimated 2026
Projected Value
$62.5B
By 2034
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