Dell’Oro highlighted that O-RAN revenue growth in Q1 was in the 10-20% range
Open RAN (O-RAN) and virtualized RAN (vRAN) revenue growth moderated in the first quarter of 2023 after strong growth last year, according to a recent report from Dell’Oro Group.
“Since both Open RAN and vRAN are still driven by a few large service providers, the slower growth in the first quarter was for the most part in line with expectations, reflecting more so the state of the 5G rollouts with some of the advanced operators than a shift in the overall Open RAN/vRAN market sentiment,” said Stefan Pongratz, vice president with the Dell’Oro Group.
“There are also signs that activity is improving beyond the early adopters, but it will of course take some time for the sum of these smaller early majority type deployments to move the broader market,” Pongratz said.
The report highlighted that O-RAN revenue growth in Q1 was in the 10-20% range in while the vRAN market expanded 20-30%, after more than doubling in 2022.
Dell’Oro also noted that positive developments in the Asia Pacific region were offset by more challenging conditions in the North America region.
However, the report maintained that O-RAN is still projected to account for 6-10% of the global RAN market in 2023.
According to Dell’Oro, the top five O-RAN suppliers by revenue for the June 2022-March 2023 period include Samsung, NEC, Fujitsu, Rakuten Symphony and Mavenir.
