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(Wireless-NewsWire.Com, June 15, 2021 ) Global Open RAN Market
Open RAN is popularly addressed as as O-RAN or Open Radio Access Network. O-RAN is based on interoperability and standardization of RAN features. O-RAN when deployed at the network verge, it will benefit 5G applications like independent carriers and the IoT, and facilitate secure and efficient over-the-air firmware modernizations.
Increasing requirement for flexible network coverage among customers is encouraging companies to capitalize in network infrastructure to provide reliable network coverage and data transformation services. Additionally, the investment on 5G infrastructure is anticipated to have a positive impact by increasing R&D activities and product innovation in the 5G applications industry.
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Existence of poor backhaul connectivity of mobile networks is expected to restraint the O-RAN market. Strong backhaul connectivity is significant as it is often utilized in telecommunication services and is used for transferring a signal from a distant location or network to another site, typically for a central one.
Impact of COVID-19 on O-RAN market
The outbreak of COVID-19 has impacted all the major industries in some or the other way. The O-RAN market is also impacted but in a positive way. The demand for internet usage has increased with the effect of the COVID-19 pandemic, which has stemmed in the transformation of working practices that require individuals to work from home over the internet. This has also been assisted by the need amongst individuals to connect publically using mobile connected devices owing to the forced lockdown across nations to avoid the spread of virus.
Currently, there are around 5 billion internet subscribers globally with China and India amongst the main consumers. Above mentioned aspects have significantly augmented the load on the existing telecom infrastructure, thereby levitating the need amongst the telecom operators to deploy a new architecture. The concept of O-RAN is helpful at providing openness to telecom operators, RAN vendors and 3rd parties as it promotes the emerging technologies of AI and ML.
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Market Segmentation
Global Open RAN Market is segmented into AI-Empowered Embedded Intelligence, Open Interoperable Interfaces, White-Box & Virtualized Hardware Platforms, and Open-Source Reference Implementations by type segment.
On the basis of component O-RAN market is segmented into Orchestration & Automation, Intelligent Control, Radio Access Protocol Stack, Open Front Haul, and Virtualization & White-box.
Also, the Global Open RAN Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The market in Asia Pacific is projected to capture the largest market share owing to the increasing demand of the telecom operators in the region to switch to 5G network, supported by the rising number of internet users in the region. For instance, according to the Internet World Stats throughout the 3rd Quarter of 2020, out of the total internet users globally, Asia registered 51.8% of the share. The market in the region is principally anticipated to be driven by nations such as China, Philippines, Malaysia and India.
Market Key Players
Major Key players profiled in the market includes; Mavenir, Nokia, WWT, Altiostar, Fujitsu, Radisys, GSMA, Samsung, Omdia, Ericsson, and HCL Technologies. The players in the market are adopting various organic and inorganic growth strategies to excel in the O-RAN market and provide the best network services to their client-base globally.
For instance, in June 2020, Nokia Corporation ran the trial on the commercial 5G mmWave network of AT&T for its RICs in New York City.
Additionally, in September 2020, Rakuten Mobile, Inc. signed a contract to work together with Telefonica, S.A. to develop and support 5G OpenRAN architecture. Both the companies will work on OpenRAN, 5G Core and operations support systems (OSS).
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Qualiket Research
Hemant Singh
8208257128
hemant.singh@qualiketresearch.com
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