Open radio access network, or Open RAN, was once projected to generate billions in revenue and constitute a large share of the developing 5G market. Now, Open RAN revenues have declined.
An August 2023 report from Dell’Oro Group found that, after Open RAN exceeded expectations for a few years, its revenue decreased for the first time since Dell’Oro started tracking its growth in 2019. Markets in the North American and Asia-Pacific (APAC) regions are primarily responsible for the slump, as revenues in Europe are increasing but not enough to offset the decline.
Dell’Oro Group Vice President Stefan Pongratz said the decline represents how operators in other regions are now catching up to early adopters who caused the initial upsurge, such as operators in the U.S. and China. Additional factors foreshadowed and contributed to the fatigue, such as data traffic patterns, 5G…
