An Open Radio Access Network (ORAN) is a non-proprietary version of the Radio Access Network (RAN) system that allows interoperation between cellular network equipment provided by different vendors.
Modernization of networks with Open RAN technology have opened new avenues for software vendors to make O-RAN solutions with O-RAN RIC (RAN Intelligent Controller) available over radios that is likely being used by operators nowadays. Not only accelerating 5G deployments but also previous networks-2G, 3G, 4G modernization, deployments, operators expect reduce in overall costs and increase in revenue as they adopt Open RAN technology to rebuild their networks offering resilience in networks with interfaces that are common in structure. However, opening interfaces are always a security threat and demands for implementation of security best practices with a risk-based approach to address Open RAN security risks due to involvement of complex multi-vendor environment. This enables network providers and multiple vendors to cut down the exponential impact of specific threats and respond immediately in case of appearance of new vulnerabilities. It requires additional measures of a trusted software stack, hardware and interoperability between vendors with secured network operations to protect confidentiality, availability and integrity of customer data.
Many operators across the globe for instance, in Europe, operators namely Deutsche Telekom AG, Telefónica S.A, are taking various initiatives to rollout Open RAN deployments and build an interoperable network. Open RAN not only supports network deployments of new-age networking technology like 5G but also used to make amendments in predecessors' networks such as 2G, 3G, and 4G. In the upcoming years, we expect to see a lot more trends of Open RAN supporting various use cases as per specific requirements of industry vertical built with the amalgamation of next-gen technologies such as MIMO, edge computing, CI/CD, AI/ML and many more yet to come. Using this Open RAN one-of-a-kind solution, operators can collaborate with multi-vendors to build their networks at a much lower cost and improve overall efficiency with reduced time to commercialize it within the timeline, create sales enablement opportunities by providing network services to consumers and businesses and earn more revenues.
Although many enterprises and operators in Europe and the United States are optimistic about the O-RAN technology, the obstacles of some key technologies and the resistance from some countries opposing the technology may have a certain adverse impact on the market. There is still great uncertainty in the future development of the industry.
QYR predicts that the global O-RAN market size will reach USD 34,006.02 million in 2028, growing at a CAGR of 51.06% over the analysis period.
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