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The global Open RAN market is projected to grow from USD 1.1 billion in 2022 to USD 15.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 70.5%NEW YORK, Jan. 4, 2023 /PRNewswire/ -- The global Open RAN market is projected to grow from USD 1.1 billion in 2022 to USD 15.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 70.5% during the forecast period. Advantages such as solution flexibility, reduced costs and supply chain diversity is driving the Open RAN market growth. Among regions, Asia Pacific recorded the highest CAGR during the forecast period Asia Pacific constitutes thriving economies, such as Singapore, Japan, China, India, and Australia, which are expected to register high growth rates in the Open RAN market.Asia Pacific houses many large countries with a wide population spread over remote locations and wide geographical areas. Major leading companies such as Rakuten Mobile, NTT Docomo, KDDI, Reliance Jio, Bharti Airtel, Vodafone and more are involving and contributing to Open RAN technology in Asia Pacific region which is driving the growth of the market. Breakdown of primaries In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the Open RAN market. • By Company: Tier I: 35%, Tier II: 40%, and Tier III: 25% • By Designation: C-Level Executives: 60% and Managers: 40% • By Region: North America: 30%, Europe: 35%, Asia Pacific: 25%, Middle East and Africa: 5%, and Latin America: 5% The report includes the study of key players offering Open RAN solutions and services.It profiles major vendors in the global Open RAN market. The major vendors in the global Open RAN market include Ericsson (Sweden), Nokia (Finland), Samsung (South Korea), NEC Corporation (Japan), Hewlett Packard Enterprise (US), VMware (US), Huawei (China), AT&T (US), Fujitsu (Japan), IBM (US), Orange (France), Airspan Networks (US), Mavenir (US), CommScope (US), Viavi Solutions (US), Amdocs (US), Renesas (Japan), MTN Group (South Africa), Entel (Chile), Comba Telecom (China), KDDI (Japan), SingTel (Singapore), TIM (Italy), Telefonica (Spain), Sivers Semiconductors (Sweden), NXP Semiconductors (Netherlands), Picocom (UK), Etisalat (UAE), Mobily (Saudi Arabia), XCOM Labs (US), DeepSig (US), ZTE (China), Celona (US), LIME Microsystems (UK), Verana Networks (US), Microamp Solutions (Poland). Research Coverage The market study covers the Open RAN market across segments.It aims at estimating the market size and the growth potential of this market across segments, such as component, type, frequency, radio interface, access, network and region. It includes an in-depth competitive analysis of the market’s key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key Benefits of Buying the Report The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Open RAN market and its subsegments.It would help stakeholders understand the competitive landscape and gain better insights to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities. Read the full report: https://www.reportlinker.com/p06377399/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker 
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