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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