The North America Open Radio Access Network (Open RAN) Market would witness market growth of 63.3% CAGR during the forecast period (2022-2028).
The phrase Open RAN implies a broad concept that refers to industry participants' readiness to open the RAN architecture in order to make the integration and deployment of multi-vendor mobile RAN easier and remove potential development roadblocks.
This openness has been made possible by the specification of appropriate interfaces between logical nodes, the addition of various network components, the application of artificial intelligence/machine learning (AI/ML), and the data-driven network paradigm.
Furthermore, the advancement of network element hardware and software decomposition is another aspect of Open RAN. This means that numerous vendors may offer solutions, easy utilization of commercial off-the-shelf (COTS) hardware, and upgradation of products in an agile manner using the software.
North American users are quickly embracing 5G, which is anticipated to account for even more mobile networks than 4G and lay the foundation for increased development in the IoT services and fixed wireless access (FWA) broadband sectors. For businesses aiming to increase their 5G presence in Canada, the spectrum auction of 3500 MHz is an important step. Canada will use the 3800 MHz spectrum band to offer 5G services, and auctions for this frequency are scheduled to start in early 2023. Both bands are considered an essential spectrum for Canadian 5G networks and technology. The Canadian government has allocated $7.2 billion since 2015 towards internet infrastructure in remote and rural areas. Urban and rural wireless broadband service licensees are anticipated to switch to 5G and open RAN by 2025 and 2027, respectively. Therefore, the high adoption rate of Open RAN in this region is the primary factor propelling market advancement in the coming years.
The US market dominated the North America Open Radio Access Network (Open RAN) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,791 million by 2028.The Canada market is poised to grow at a CAGR of 67% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 65.5% during (2022 - 2028).
Based on Type, the market is segmented into Open RAN RU and Open VRAN. Based on Frequency, the market is segmented into Sub-6GHz and mmWave. Based on Component, the market is segmented into Hardware, Software and Services. Based on Access, the market is segmented into Public and Private. Based on Radio Interface, the market is segmented into 2G, 3G, 4G LTE and 5G. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Hewlett Packard Enterprise Company (HP Development Company L.P.), Fujitsu Limited, Nokia Corporation, NEC Corporation, Ericsson AB, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), ZTE Corporation, VMware, Inc., and AT&T, Inc.
The phrase Open RAN implies a broad concept that refers to industry participants' readiness to open the RAN architecture in order to make the integration and deployment of multi-vendor mobile RAN easier and remove potential development roadblocks.
This openness has been made possible by the specification of appropriate interfaces between logical nodes, the addition of various network components, the application of artificial intelligence/machine learning (AI/ML), and the data-driven network paradigm.
Furthermore, the advancement of network element hardware and software decomposition is another aspect of Open RAN. This means that numerous vendors may offer solutions, easy utilization of commercial off-the-shelf (COTS) hardware, and upgradation of products in an agile manner using the software.
North American users are quickly embracing 5G, which is anticipated to account for even more mobile networks than 4G and lay the foundation for increased development in the IoT services and fixed wireless access (FWA) broadband sectors. For businesses aiming to increase their 5G presence in Canada, the spectrum auction of 3500 MHz is an important step. Canada will use the 3800 MHz spectrum band to offer 5G services, and auctions for this frequency are scheduled to start in early 2023. Both bands are considered an essential spectrum for Canadian 5G networks and technology. The Canadian government has allocated $7.2 billion since 2015 towards internet infrastructure in remote and rural areas. Urban and rural wireless broadband service licensees are anticipated to switch to 5G and open RAN by 2025 and 2027, respectively. Therefore, the high adoption rate of Open RAN in this region is the primary factor propelling market advancement in the coming years.
The US market dominated the North America Open Radio Access Network (Open RAN) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,791 million by 2028.The Canada market is poised to grow at a CAGR of 67% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 65.5% during (2022 - 2028).
Based on Type, the market is segmented into Open RAN RU and Open VRAN. Based on Frequency, the market is segmented into Sub-6GHz and mmWave. Based on Component, the market is segmented into Hardware, Software and Services. Based on Access, the market is segmented into Public and Private. Based on Radio Interface, the market is segmented into 2G, 3G, 4G LTE and 5G. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Hewlett Packard Enterprise Company (HP Development Company L.P.), Fujitsu Limited, Nokia Corporation, NEC Corporation, Ericsson AB, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), ZTE Corporation, VMware, Inc., and AT&T, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Open RAN RU
- Open VRAN
By Frequency
- Sub-6GHz
- mmWave
By Component
- Hardware
- Software
- Services
By Access
- Public
- Private
By Radio Interface
- 2G, 3G
- 4G LTE
- 5G
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Samsung Electronics Co., Ltd. (Samsung Group)
- Hewlett Packard Enterprise Company (HP Development Company L.P.)
- Fujitsu Limited
- Nokia Corporation
- NEC Corporation
- Ericsson AB
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- ZTE Corporation
- VMware, Inc
- AT&T, Inc
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Open Radio Access Network (Open RAN) Market, by Type
1.4.2 North America Open Radio Access Network (Open RAN) Market, by Frequency
1.4.3 North America Open Radio Access Network (Open RAN) Market, by Component
1.4.4 North America Open Radio Access Network (Open RAN) Market, by Access
1.4.5 North America Open Radio Access Network (Open RAN) Market, by Radio Interface
1.4.6 North America Open Radio Access Network (Open RAN) Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Recent Strategies Deployed in Open Radio Access Network (Open RAN) Market
Chapter 4. North America Open Radio Access Network (Open RAN) Market by Type
4.1 North America Open RAN RU Market by Country
4.2 North America Open VRAN Market by Country
Chapter 5. North America Open Radio Access Network (Open RAN) Market by Frequency
5.1 North America Sub-6GHz Market by Country
5.2 North America mmWave Market by Country
Chapter 6. North America Open Radio Access Network (Open RAN) Market by Component
6.1 North America Hardware Market by Country
6.2 North America Software Market by Country
6.3 North America Services Market by Country
Chapter 7. North America Open Radio Access Network (Open RAN) Market by Access
7.1 North America Public Market by Country
7.2 North America Private Market by Country
Chapter 8. North America Open Radio Access Network (Open RAN) Market by Radio Interface
8.1 North America 2G, 3G Market by Country
8.2 North America 4G LTE Market by Country
8.3 North America 5G Market by Country
Chapter 9. North America Open Radio Access Network (Open RAN) Market by Country
9.1 US Open Radio Access Network (Open RAN) Market
9.1.1 US Open Radio Access Network (Open RAN) Market by Type
9.1.2 US Open Radio Access Network (Open RAN) Market by Frequency
9.1.3 US Open Radio Access Network (Open RAN) Market by Component
9.1.4 US Open Radio Access Network (Open RAN) Market by Access
9.1.5 US Open Radio Access Network (Open RAN) Market by Radio Interface
9.2 Canada Open Radio Access Network (Open RAN) Market
9.2.1 Canada Open Radio Access Network (Open RAN) Market by Type
9.2.2 Canada Open Radio Access Network (Open RAN) Market by Frequency
9.2.3 Canada Open Radio Access Network (Open RAN) Market by Component
9.2.4 Canada Open Radio Access Network (Open RAN) Market by Access
9.2.5 Canada Open Radio Access Network (Open RAN) Market by Radio Interface
9.3 Mexico Open Radio Access Network (Open RAN) Market
9.3.1 Mexico Open Radio Access Network (Open RAN) Market by Type
9.3.2 Mexico Open Radio Access Network (Open RAN) Market by Frequency
9.3.3 Mexico Open Radio Access Network (Open RAN) Market by Component
9.3.4 Mexico Open Radio Access Network (Open RAN) Market by Access
9.3.5 Mexico Open Radio Access Network (Open RAN) Market by Radio Interface
9.4 Rest of North America Open Radio Access Network (Open RAN) Market
9.4.1 Rest of North America Open Radio Access Network (Open RAN) Market by Type
9.4.2 Rest of North America Open Radio Access Network (Open RAN) Market by Frequency
9.4.3 Rest of North America Open Radio Access Network (Open RAN) Market by Component
9.4.4 Rest of North America Open Radio Access Network (Open RAN) Market by Access
9.4.5 Rest of North America Open Radio Access Network (Open RAN) Market by Radio Interface
Chapter 10. Company Profiles
10.1 Samsung Electronics Co., Ltd. (Samsung Group)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.6 SWOT Analysis
10.2 Hewlett Packard Enterprise Company (HP Development Company L.P.)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 Fujitsu Limited
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Recent strategies and developments:
10.3.4.1 Partnerships, Collaborations, and Agreements:
10.3.5 SWOT Analysis
10.4 Nokia Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.5.2 Product Launches and Product Expansions:
10.5 NEC Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Product Launches and Product Expansions:
10.5.5.3 Acquisition and Mergers:
10.6 Ericsson AB
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.5.2 Product Launches and Product Expansions:
10.6.5.3 Geographical and Business Expansions:
10.7 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.8 ZTE Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.9 VMware, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 Recent strategies and developments:
10.9.5.1 Partnerships, Collaborations, and Agreements:
10.10. AT&T, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
Companies Mentioned
- Samsung Electronics Co., Ltd.(Samsung Group)
- Hewlett Packard Enterprise Company(HP Development Company L.P.)
- Fujitsu Limited
- Nokia Corporation
- NEC Corporation
- Ericsson AB
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- ZTE Corporation
- VMware, Inc.
- AT&T, Inc.
Methodology
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