What Is the Market Size of O-RAN Service Management and Orchestration SMO Non-RT RIC?
Global O‑RAN Service Management & Orchestration (SMO) non‑RT RIC Market , valued at a robust USD 353 million in 2024, is on a trajectory of significant expansion, projected to reach USD 604 million by 2032. This growth, representing a compound annual growth rate (CAGR) of 8.2%, is detailed in a comprehensive new report published by Semiconductor Insight. The study highlights the critical role of these advanced orchestration solutions in ensuring seamless network operation, scalability, and cost‑efficiency within next‑generation mobile broadband and enterprise connectivity deployments. O‑RAN SMO platforms, essential for orchestrating non‑Real Time (non‑RT) Radio Intelligent Controllers (RICs), are becoming indispensable in minimizing network latency, optimizing resource allocation, and accelerating service delivery. Their cloud‑native design allows for rapid provisioning of new network slices, enabling operators to launch differentiated services with lower capital expenditure. ...