The company said it seeks to implement the Polish solution worldwide with the strategic goal of gaining up to 5% of the global Open RAN market by 2025 – achieving sales of $ 160 million per year.
It should be noted that Open RAN as a technology allows companies to produce hardware and software from different vendors to build their networks, thus promoting an open interoperable network market.
The company estimates that global revenue from sales of RAN Open solutions over the next six years will grow at double digits.
As early as 2024, the global Open RAN market could cost $ 3.2 billion and account for nearly 10% of the entire 4G and 5G market, he added.
“Open RAN’s most valuable quality is innovative software that can be based on cloud solutions, for example. Building a 5G network is not only safer, but also cheaper than the methods used in previous network generations, ”said IS-Wireless expert Alexandra Chetsko-Zhelonek.
“In Germany in particular, the government has provided more than 2 billion euros to build the Open RAN as part of their development plan. This trend will continue to grow, “added Ceco-Jelonek.
The company said it aims to become a global brand and compete with telecommunications giants such as Ericsson and Nokia.
“Until now, the market for telecommunications services remains closed to companies like our company. Several selected from the largest suppliers were the only significant countries. Today we have the opportunity to change that, “said Slavomir Pietrik, president of IS-Wireless.
The company employs more than 50 engineers from Poland and abroad, including a team of five at the company’s office in the Philippines.
“Currently, nearly twenty stakeholders are on our list of technology deployments,” added Pietrzyk, adding that the company is looking to enter markets such as European Union, The United States and Asia.