The Latin America, Middle East and Africa Open Radio Access Network (Open RAN) Market would witness market growth of 66.9% CAGR during the forecast period (2022-2028).
The use of online services like cloud-based services, virtual meetings, streaming of ultra-HD (8K) & 3D resolution video content, and many others is expected to increase in the coming years. This will, in turn, increase the implementation of 5G technology and propel the market growth over the course of the forecast period. Nearly half of the world is predicted to have access to 5G network connectivity by the end of 2025.
The transition in consumer preference toward digital communication also enables telecom operators to increase the range of services they offer, which is anticipated to increase demand for Open RAN technologies. Both RAN operators, vendors, and third parties gain from Open RAN.
Since Open RAN offers more flexibility to address demanding 5G application needs in several vertical industries with different network requirements for speed, capacity, and latency, cellular network operators have chosen to implement it. Some other claimed advantages of Open RAN include a diverse supply chain, flexible solutions, and new capabilities that spur more competition and innovation.
In 2019, Saudi Arabia was one of the first nations from the Middle Eastern region to roll out 5G networks. The overall number of governorates served by 5G rose to 60 out of 118, according to the Communications and Information Technology Commission (CITC) of Saudi Arabia. The popularity of video downloads, social media, and an uptick in online gaming and streaming due to the pandemic have contributed to the fixed-line internet industry's robust growth in recent years. By 2026, the government projects that 97.6 percent of people will be online as it solicits more funding for broadband networks. The speed of mobile internet has climbed to 105.42 Mbps due to the liberalization of over 1100 GHz of the spectrum and the availability of it to operators. Saudi Arabia is now ranked fifth internationally and second among the G20 nations. All these factors propel the growth of the regional open radio access network (Open RAN) market.
The Brazil market dominated the LAMEA Open Radio Access Network (Open RAN) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $488.2 million by 2028.The Argentina market is experiencing a CAGR of 67.8% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 66.5% during (2022 - 2028).
Based on Type, the market is segmented into Open RAN RU and Open VRAN. Based on Frequency, the market is segmented into Sub-6GHz and mmWave. Based on Component, the market is segmented into Hardware, Software and Services. Based on Access, the market is segmented into Public and Private. Based on Radio Interface, the market is segmented into 2G, 3G, 4G LTE and 5G. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Open Radio Access Network (Open RAN) Market is Projected to reach USD 23.1 Billion by 2028, at a CAGR of 64.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Hewlett Packard Enterprise Company (HP Development Company L.P.), Fujitsu Limited, Nokia Corporation, NEC Corporation, Ericsson AB, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), ZTE Corporation, VMware, Inc., and AT&T, Inc.
By Type
By Frequency
By Component
By Access
By Radio Interface
By Country
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