Open RAN Market Size, Share & Trends Analysis growing at a CAGR of 25.6% from 2025 to 2030
The global open ran market size was estimated at USD 4,512.8 million in 2024 and is projected to reach USD 20,410.1 million by 2030, growing at a CAGR of 25.6% from 2025 to 2030. An open radio access network, or O-RAN, is a nonproprietary version of the radio access network (RAN) that allows interoperation between cellular network equipment provided by different vendors.
Key Market Trends & Insights
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
- In terms of segment, hardware accounted for a revenue of USD 3,017.5 million in 2024.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Market Size & Forecast
- 2024 Market Size: USD 4,512.8 Million
- 2030 Projected Market Size: USD 20,410.1 Million
- CAGR (2025-2030): 25.6%
- North America: Largest market in 2024
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Open RAN enables operators to choose hardware and software solutions from various vendors, which can lead to reduced equipment and operational costs. The vendor diversity, cost reduction, and flexibility offered by open RAN are anticipated to drive the market’s growth over the forecast period. In February 2018, China Mobile, AT&T Inc., Deutsche Telekom, Orange, and NTT DOCOMO, founded the O-RAN ALLIANCE.
The ALLIANCE aims to reshape the RAN industry toward more open, intelligent, and virtualized fully interoperable mobile networks. O-RAN-based mobile network improves network operators’ operational efficiency. In addition, the forum set O-RAN specifications that enable a more vibrant and competitive RAN supplier ecosystem with quicker innovations to improve user experience. The O-RAN ALLIANCE plays a central role in developing the Open Radio Access Network (O-RAN) market. Open RAN enables operators to choose different hardware and software components from various vendors per their budgetary constraints. This freedom of choice regarding components and vendors translates into a cost-effective and flexible ecosystem compared to the traditional RAN architecture.
In addition, the implementation and maintenance costs associated with network deployment also decrease due to this flexibility. This inherently drives the competition in the market, pushing vendors to drive down prices even further. Thus, the cost-effective and flexible nature of O-RAN is expected to drive its adoption over the forecast period. In addition to reducing the overall cost, network operators can opt for components from various vendors and fine-tune their networks to deliver optimal performance. It allows operators to tailor their offerings to accommodate accelerated data speeds, increased service reliability, and thus improved customer experience.
Regulatory support and geopolitical considerations are also driving the Open RAN market forward. Governments, particularly in the U.S. and Europe, are increasingly viewing Open RAN as a strategic approach to enhancing network security and reducing dependency on specific vendors, especially in light of concerns about potential security risks associated with certain foreign suppliers. This endorsement from regulators not only promotes competition but also encourages local and smaller technology vendors to enter the telecom space, fostering innovation and strengthening regional technology ecosystems. As a result, Open RAN is emerging as a crucial component of next-generation telecommunications infrastructure, aligning with broader priorities for security, cost-effectiveness, and flexibility in global markets.
