The original market-growth estimate was mid-single digit rate advances. The market research firm now calculates total RAN revenue, from 2G through to 5G, increased by more than 10% during 2020 to top $35 billion. Ericsson and Nokia maintained their respective number one and number two positions in supplier RAN rankings for 2020. No doubt helped by geopolitical squeezes on Huawei and ZTE, Ericsson and Nokia actually increased their RAN market shares outside China in 2020 compared with the year previously, going from 35% to 40% (Ericsson) and 25% to 30% (Nokia). Factor in the huge China market, however, and Huawei keeps its number one position in the overall RAN market. The other top four RAN suppliers globally, in descending order, are Ericsson, Nokia, ZTE and Samsung.
Open RAN revenues to grow at double-digit rates over the next six years with cumulative investments – including hardware, software and firmware (excluding services) – projected to approach $10 billion over the 2020 to 2025 forecast period. Open RAN to account for less than 5% of the 2020 to 2025 RAN market, on a cumulative basis, and says it will have a 10% share of total spend in 2025.