O-RAN Near-Real-Time RAN Intelligent Controller Market Size

  • Report ID: 2732
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

O-RAN Near-Real-Time RAN Intelligent Controller Market Size

O-RAN Near-Real-Time RAN Intelligent Controller Market size was over USD 3.9 Billion in 2023 and is set to exceed USD 45.6 Billion by the end of 2036, growing at over 48.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of o-ran near-real-time ran intelligent controller is estimated at USD 4.8 Billion. The growth of the market can be attributed to the increasing need and demand for a much-advanced intelligent controller systems in the wake of 5G network architecture expansion. For instance, the 5G network is expected to cover nearly one-third of the total population by the end of 2035. Telecom companies are co-developing an open-source software that aligns the O-RAN Target architecture. This accelerates the deployment of open-source software for the 5G RAN, which in turn is expected to boost the growth of the market.  

In addition to these, factors that are believed to fuel the market growth of O-RAN Near-Real-Time RAN Intelligent Controller include the soaring investments and collaboration between major key players to discover effective ways to manage the O-RAN architecture. For instance, in the year 2021, the O-RAN ALLIANCE announced the signing of a cooperation agreement with European Telecommunications Standards Institute (ETSI), to promote regional and international standardization of the 3GPP technologies.

O-RAN Near-Real-Time RAN Intelligent Controller Market
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Author Credits:  Abhishek Verma

  • Report ID: 2732
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for better network architecture, mobile internet penetration, mobile data consumption, 5G technology are the major factors driving the market growth.

The market is anticipated to attain a CAGR of ~49% over the forecast period, i.e., 2023-2035.

Lack of awareness and deployment issues are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Nokia Corporation, Rakuten Mobile, Inc., Samsung Electronics Co., Ltd., Sterlite Technologies Ltd., Telefonaktiebolaget LM Ericsson, IS-Wireless, Inc., Parallel Wireless, VIAVI Solutions Inc., HCL Technologies Limited, Casa Systems, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by components, deployment, and by region.

The centralized segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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