Radio Access Network (RAN) Market Size Trends, Share, Growth, Global Forecast Report
The flexible and modular approach of radio access network is evolving the cellular communication network. Different usage scenarios of radio access network such as high to low capacity, widespread to small area, very dense coverage to spotty coverage, and indoor and outdoor use is anticipated to create new radio access network market opportunities in the future. Other factors fueling the growth of the radio access network include evolving virtualization, network programmability, and 5G use cases.
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Increase in demand for mobile broadband services, growth in network densification, and rising mobile data traffic are the major factors that drive the growth of the radio access network industry. However, concerns related to fiber backhaul and privacy & security restrain the market size. Increasing investments to develop smart cities and growing government initiatives to promote radio access network globally are anticipated to provide lucrative opportunities for the radio access network market growth.
In 2018, the small cell communication infrastructure segment contributed over a 65% share in the market, and is expected to maintain its dominant position throughout the radio access network market analysis period, owing to emerging 5G technology. With the introduction of 5G, small cell is expected to play a crucial role to efficiently deliver high-speed broadband and numerous other low latency applications. The primary aim of small cells is to increase macro cell’s edge data capacity, speed, and overall network efficiency. Thus, these factors are expected to propel growth of the radio access network market.
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Moreover, Asia-Pacific is the major revenue contributor, owing to government initiatives for development of smart cities and long-term investment strategies in advance technologies. The market growth in the region is attributed to factors such as investment in R&D for technological advancements of automotive, aerospace & defense, manufacturing industries.
By end user, the enterprise segment dominated with a significant share in 2018. Digitalization of businesses is the key factor that propels the radio access network market in this segment. Growing interest of government in digitalization has led to initiation of various programs to support digitalization process in businesses. Furthermore, rise in number of connected devices, and improving broadband services are expected to fuel the growth of radio access network market in the coming years.
Key Findings of the Study:
In terms of revenue, 2G technology contributed for the maximum radio access network market share in 2018, however, 5G technology is expected to witness the highest CAGR during the forecast period.
The current radio access network market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
In 2018, the small cell communication infrastructure segment held nearly 65% of the radio market share, which was the highest among all the communication infrastructure.
In 2018, enterprise accounted for over third-fifth share globally, and is expected to dominate the radio access network industry in the future.
By region, the global radio access network market trends are analyzed across North America Europe, Asia-Pacific, and LAMEA. In 2018, in terms of revenue, Asia-Pacific accounted for more than two-fifth of the market, and is expected to retain its dominant position, owing to the rapid growth in telecommunications, networks, data center IT industries, and 5G investments in this region.
The major companies profiled in the radio access network market report include Huawei Technologies, Samsung Electronics Co., Ltd., Cisco Systems, Inc., Ericsson, Nokia Corporation, ZTE Corporation, Fujitsu, Qualcomm Incorporated, Intel Corporation, and NEC Corporation.
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