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

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

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

Growth Drivers

  • Growing Demand for an Advanced RAN Management – On account of the major radicalization in the telecom infrastructure, leading to a shift towards 5G networks, there is a need for faster internet connectivity, advanced technology and increased adoption of loT devices. The major challenges faced by the operators in telecom industry while managing RAN is the need for a better and much advanced RAN orchestration and management platforms. Telecom Company Ericsson, is a leading supporter of open-source initiatives like the O-RAN and encourage the industry alignment to Open sources to ensure better speed of adaptation and realization of values from the 5G platform. Ericsson Intelligent Open RAN Automation quotes a 60% reduction in network performance issues and 17% improved energy efficiency, with a 30% improvement in service availability currently.
  • Surge in investment opportunities for 5G technology- 5G network infrastructure has been gradually laid out all around the world. This has led to increase in the investment of Telecom operators for this advanced network. For instance, Google joined O-RAN ALLIANCE and partnered with Ericsson to bring in cloud capabilities of Google to the 5G and help rearchitect O-RAN Networks.
  • Increase in mobile internet penetration and mobile data consumption- According to the statistics by the International telecommunication Union, the number of internet users in the globe touched around 4 Billion by the end of 2019 and it’s also studies that 1/3rd of the World population can access the 5G networks by 2025. This increase in mobile internet penetration and data consumption is anticipated to drive the market growth in forecast year.
  • Rising Need of Telecom Operators to Lower Their Cost of Operations- An open platform lowers the hurdles of new vendors to enter the market and enables operators to deploy network components from a variety of suppliers, reducing the overall cost of ownership. It’s noted that total cost of ownership for traditional RAN accounts for 70% of mobile network cost. Therefore,  operators can save up to 50% by using O-RAN Frameworks.

Challenges

  • Deployment and management issues of O-RAN Based Networks- O-RAN faces challenges in operations and maintenance. Multi-vendor ecosystem provides flexibility and also brings forth challenges in implementation. Currently only 35 active O-RAN deployments are done around the globe owing to the testing and management issues.
  • Security threat of the O-RAN Networks- More vendors in the RAN poses security threat. Secure management interfaces cannot be implemented by all the vendors.
  • Lack of awareness among people about the O-RAN Near-Real-Time RAN Intelligent Controller and the technology.

O-RAN Near-Real-Time RAN Intelligent Controller Market: Key Insights

Base Year

2023

Forecast Year

2023-2036

CAGR

48.9%

Base Year Market Size (2023)

USD 3.9 Billion

Forecast Year Market Size (2036)

USD 45.6 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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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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