“The surge in the first quarter taken together with impending portfolio advancements form the basis for the more favourable short-term outlook," Pongratz says.
The report highlights the following findings:
• Open RAN revenues more than doubled in the first quarter, supported by strong growth in both the Asia Pacific and North America.
• The growth of vRAN market in the second half of 2021 extended into the first quarter, spurring vRAN revenues to nearly quadrupled in the first quarter.
• Global Open RAN and vRAN projections have been revised upward to reflect the strong showing in the first quarter.
• Total Open RAN revenues are now expected to account for 3% to 5% of the global 2022 RAN market.
The RAN Quarterly Report provides a complete overview of the RAN industry, covering manufacturers’ and market revenue for multiple RAN segments including 5G NR Sub-6 GHz, 5G NR mmWave, LTE, macro base stations and radios, small cells, Massive Mimo, Open RAN, and vRAN.
This first appeared in the subscription newsletter CommsWire on 23 May 2022.