May 23, 2023
REDWOOD CITY, Calif. – According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, following a steep ascent in 2022, both Open RAN and Virtualized RAN (vRAN) revenue growth moderated in 1Q 2023.
Additional Open RAN and vRAN highlights from the 1Q 2023 RAN report:
After more than doubling in 2022, Open RAN revenue growth was in the 10 to 20 percent range in the first quarter while the vRAN market advanced 20 to 30 percent.
Positive developments in the Asia Pacific region were dragged down by more challenging comparisons in the North America region.
Short-term projections remain unchanged – Open RAN is still projected to account for 6 to 10 percent of the 2023 RAN market.
Top 5 Open RAN suppliers by revenue for the 2Q 2022 to 1Q 2023 period include Samsung, NEC, Fujitsu, Rakuten Symphony, and Mavenir.
Read the full press release here.
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