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Radio Access Network Market 2020 How the Business Will Grow in 2026? Prominent Players: Altran, Juniper Networks, Cisco, Huawei, NEC Corporation, Verizon, Hewlett Packard Enterprise, Qualcomm, Nokia, ZTE Corporation, NETSCOUT, Wipro Limited, Corning Incor
The emergence and high penetration of 5G cellular networks across the region, chiefly led by India and China, will act as a primary driver for the regional RAN industry growth. According to credible sources, India has securely held a prominent position in the global market on the grounds of sales of more than 40 million smartphones during the third quarter of 2017.
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The telecom companies are increasingly focusing on 5G network trials to expedite the rollout of 5G network and meet evolving network requirements. Various companies working in the industry are collaborating with telecom giants for the development of advanced RAN solutions to bring forth the deployment of 5G quicker.
Several companies are vending radio access equipment to key telecom operator companies to help them in the development of their 5G telecom infrastructure. Fostering overall radio access network market outlook over the forecast timespan.
In fact,, back in July of 2019, Nokia Networks collaborated with NTT DOCOMO to deliver radio units for the roll out of NTT Docomo 5G infrastructure. This collaboration was helpful in allowing the company to conduct test on its RAN equipment within the 5G network.
The APAC radio access network market is anticipated to witness significant growth in the forthcoming years, particularly owing to the wide-scale adoption of radio access solutions in several developing APAC countries. The increasing adoption of RAN solutions is being attributed to growing investments in telecom sector across several developing nations, including South Korea and China.
For instance, a $4.4 billion investment plan was announced by China Mobile back in June of 2019 to construct 50,000 5G base stations across China by the end of 2019. The ambitious plan supports the company's grand strategy that aims to rollout 5G across 50 cities.
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Furthermore, government organizations from several countries are increasingly investing towards the development of their IT infrastructure to boost digitalization throughout the region, thereby outlining radio access network market trends.
Some of the prominent industry players contributing to the global radio access network market are ZTE Corporation, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., NEC Corporation, and Nokia Networks.
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