Open RAN Market Size, Share, and Industry Analysis By Component (Hardware, Software, and Services), By Unit (Radio Unit, Distributed Unit, and Centralized Unit), By Deployment (Private, Hybrid Cloud, and Public Cloud), By Network (2G/3G, 4G, and 5G), By Frequency (Sub-6 GHz and mmWave) and Regional Forecast 2026-2034

The global open RAN market size was valued at USD 5.75 billion in 2025. The market is projected to grow from USD 7.24 billion in 2026 to USD 45.87 billion by 2034, exhibiting a CAGR of 25.95% during the forecast period.

The global open RAN market grows quickly because many customers want flexible networks and they want to work with multiple suppliers. Open RAN changes how mobile networks operate by breaking away from supplier-exclusive equipment in favour of stand-alone network solutions. Open RAN splits the normal RAN network into open standards-based units (RU, DU, CU) with easy interface integration between different hardware and software providers.

The progress of 5G networks and 5G Advanced development pushes telecommunication providers to adopt Open RAN technology because it matches their requirements for a flexible network design.

Open RAN Market Driver

Sudden Need for Adaptable and Cheaper Network SolutionsExpand the Market

Open RAN market growth occurs because mobile network operators need better network flexibility at lower budget costs. The typical closed network designs of RAN equipment create rigid control for operators and limit their capacity to fully adjust networks or add products from various suppliers.

Reduced Total Cost of Ownershipto Advance the Market

Businesses join the Open RAN market because it decreases their network running costs. TCO goes beyond startup purchasing costs because it includes daily expenses needed to operate and support the network system. Open RAN helps operators cut their business expenses in multiple ways. Open RAN gives operators the ability to choose their parts from different suppliers, which prevents them from paying high prices set by single-vendor solutions.

Open RAN Market Restraint

Integration ComplexitytoPose Potential Impediments on this Market

The combined use of multiple suppliers and separate network parts creates technical setup difficulties that limit how widely Open RAN is adopted. With Open RAN, operators must assemble different supplier elements because the solution lacks integrated and tested components that typical single-vendor systems provide.

Open RAN Market Opportunity

Emergence of Greenfield Deploymentsto Create Opportunity in this Market

The Open RAN market is advancing because several emerging mobile network projects take place in developing regions and new market competitors establish their services. Greenfield operators stand above long-time companies because they start building their networks from scratch rather than try to integrate with outdated systems.

Segmentation

Key Insights

The report covers the following key insights:

• Market drivers, restraints and opportunities
• Influence of key industrial players and key developments
• network flexibility and vendor diversification
• Evolution towards 5G Advanced

Analysis by Component

By Component, the Open RAN market is divided into Hardware, Software & Services

The hardware component sector enlarges because companies need interoperable radio equipment designed according to O-RAN Alliance specifications.

Companies require software systems that work on commercial hardware standards to achieve flexibility and save money, which drives the growth of this software industry sector.

Analysis by Unit

Based on Unit, the market is divided into Radio Unit, Distributed Unit & Centralized Unit

The radio unit market keeps growing thanks to its new structure and rising demand for adjustable radio hardware that is cheap in cost.

The need for virtualised DUs drives market growth because telecommunications providers want this technology to work on COTS hardware.

Analysis by Deployment

Based on Deployment, the market is divided into Private, Hybrid Cloud & Public Cloud

Companies and institutions are fuelling substantial growth of private wireless networks because these scalable and protected networks perfectly suit their unique operational requirements.

The market moves forward by introducing cloud-native RAN technology and creating open standards that link on-site and cloud infrastructure smoothly.

Analysis by Network

Based on Network, the market is divided into 2G/3G, 4G & 5G

Open RAN adoption for 2G/3G network updates adds new business opportunities to the market even though it represents a small part of total growth.

This portion of the Open RAN market grows rapidly because of 4G's popularity and networks being made better while saving money.

Analysis by Frequency

Based on Frequency, the market is divided into Sub-6 GHz & mmWave

The global demand for Open RAN equipment is rising due to operators installing new 5G networks in mid-band frequencies, which makes up a large segment of upcoming market expansion.

Network users who need ultra-fast mmWave Open RAN technology drive companies to develop networks that resolve propagation difficulties but boost market expansion in specific sectors.

Regional Analysis

Based on region, the Open RAN market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

To gain extensive insights into the market, Download for Customization

North America leads the race to adopt Open RAN technology because its government supports multiple network vendors and prioritises security for 5G infrastructure. Telecom operators across the region want to combine hardware solutions while reducing costs. They invest time and money in showing how new Open RAN networks work and deploying them in real-world operations. As a leading country, the US takes first position because it leads technology development and starts using open architecture early. North American companies invest heavily in 5G hardware parts while adding network integration services due to their multiple vendor environments.

Europe creates a special environment for Open RAN because it wants tech independence and builds its own Open RAN industry base. Large European telecom operators now support Open RAN because they want technology solutions that can easily adapt and protect their networks. To support European Open RAN vendors, the European Alliance on Next Generation Communication Infrastructures and other public-private associations work together towards innovation. European states identify Open RAN as essential to their digital transformation plans because they confront integration obstacles and expenses at the start even though they aim to lead 5G and 6G development.

• According to the National Telecommunications and Information Administration, there were 3480 5G base stations with Open RAN tech deployed in the U.S. in 2023.
• According to the Federal Communications Commission, there were 12 U.S. operators in Open RAN trials in 2023.

The Asia Pacific region will expand faster than all other regions within the Open RAN market arena. The region's Open RAN market growth happens due to quick digital changes as well as rising mobile customers plus government backing for network updates in Japan, South Korea, and India. Organisations turn to Open RAN technology because it enables faster performance and lower running costs at network scale. Asia Pacific leads the global Open RAN market because the area features robust 5G initiatives along with many partnerships among telecom operators, technology providers, and government organisations.

Key Players Covered

The report includes the profiles of the following key players:

• Mavenir (U.S)
• NEC Corporation (Japan)
• Fujitsu Limited (Japan)
• Nokia Corporation (Finland)
• Samsung Electronics Co., Ltd. (South Korea)
• Radisys Corporation (Reliance Industries) (Oregon)
• Parallel Wireless (U.S.)
• ZTE Corporation (China)
• AT&T Inc. (U.S.)
• Casa Systems, Inc. (U.S.)
• Broadcom, Inc. (U.S.)
• Juniper Networks, Inc. (U.S.)
• Rakuten (Japan)
• Amdocs (Missouri)
• Comba Telecom (Hong Kong)

Key Industry Developments

• In March 2025, Airspan Networks purchased Jabil's Open RAN radio products with their corresponding intellectual property rights plus Jabil's former radio researchers and developers at their New Jersey office along with its advanced testing facilities.
• In February 2024, technology and telecom leaders joined forces to establish the AI-RAN Alliance. The group started as Ericsson, Nokia, Samsung Electronics, Microsoft, SoftBank Corp. and T-Mobile US worked together to research and develop how AI technology can integrate into radio access networks.