The report also highlights the growth of the Open RAN ecosystem, which combines the mobile operators with software and infrastructure providers who are looking to develop an open and virtualised Radio Access Network (RAN) with embedded AI (artificial intelligence) control.
Currently, there are over 23 live deployments of oRAN networks, while 34 are still in the trial phase. oRAN networks are still pretty new in the world of technology and will take a few more years to mature for a widespread globally.
The next generation of telecom networks (fifth generation or 5G) has started hitting the market end of 2018 and will continue to expand worldwide.
Beyond speed improvement, the technology is expected to unleash a massive 5G IoT (Internet of Things) ecosystem where networks can serve communication needs for billions of connected devices, with the right trade-offs between speed, latency, and cost.