Open RAN is also referred as O-RAN or Open Radio Access Network which is based on interoperability and standardization of RAN elements. O-RAN deployed at the network edge will benefit 5G applications like autonomous vehicles and the IoT, and enable secure and efficient over-the-air firmware upgrades.

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Market Drivers
The increase in applications of cloud based services, virtual meetings, IoT, and IIoT is expected to boost the global open RAN market growth. Furthermore, the rise in adoption of advanced in-home entertainment systems, streaming of 3D and ultra HD resolution video content, and applications involving virtual and augmented reality will significantly drive the growth of global Open RAN market. Also, the growing demand of high speed internet amongst end users backed by numerous factors including increasing adoption of IoT, advancement in technology, and others is expected to drive the global Open RAN market growth. Moreover, the increase in investments by telecom operators, to aid the concept of Open RAN is expected to further propel the growth of global Open RAN market during this forecast period.

Market Restraints
High investment cost is the major challenging factor which expected to hamper the global Open RAN market growth over the forecast period.

Market Key Players
Various key players are discussed in this report such as Mavenir, Nokia, WWT, Altiostar, Fujitsu, Radisys, GSMA, Samsung, Omdia, Ericsson, HCL Technologies, etc.

Market Taxonomy
By Type
• AI-Empowered Embedded Intelligence
• Open Interoperable Interfaces
• White-Box & Virtualized Hardware Platforms
• Open-Source Reference Implementations
By Component
• Orchestration & Automation
• Intelligent Control
• Radio Access Protocol Stack
• Open Front Haul
• Virtualization & White-box
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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