Press release
Radio Access Network RAN Intelligent Controller Market is Expected to Reach $0.15 Billion by 2028 | Key Players: Samsung Electronics Co Ltd, Huawei Technologies Co Ltd, Cisco Systems Inc, Intel Corporation, Qualcomm Technologies Inc.
Radio Access Network RAN Intelligent Controller Market Report
The Business Research Company offers in-depth market insights through Radio Access Network RAN Intelligent Controller Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The radio access network (ran) intelligent controller market size has grown exponentially in recent years. It will grow from $0.15 billion in 2023 to $0.24 billion in 2024 at a compound annual growth rate (CAGR) of 61.9%. The growth in the historic period can be attributed to 5g network rollout, increasing mobile data traffic, network virtualization, dynamic spectrum allocation, capacity planning and optimization.
The radio access network (ran) intelligent controller market size is expected to see exponential growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 56.6%. The growth in the forecast period can be attributed to network slicing for 5g services, ai and machine learning integration, open ran deployments, massive iot connectivity, advanced network synchronization. Major trends in the forecast period include open ran architecture adoption, network slicing implementation, edge computing integration, automation and orchestration, cloud-native architectures.
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Market Segmentation:
The radio access network (ran) intelligent controller market covered in this report is segmented -
1) By Component: Platform, Services
2 By Technology: 4G, 5G
3) By Function: Non-Real-Time-RAN Intelligent Controller (Non-RT RIC), Near-Real-Time-RAN Intelligent Controller (Near-RT RIC)
4) By Application: rApps, xApps
Major Driver - Rise In The Telecommunications Sector Is Anticipated To Fuel The RAN Intelligent Controller Market
The rise in the telecommunications sector is anticipated to fuel the RAN intelligent controller market. The telecommunications sector refers to the industry involved in the transmission of information over significant distances by electronic means. RAN intelligent controllers are utilized in the telecommunications sector, to enhance network performance, facilitate the transition to advanced technologies such as 5G, and improve the overall user experience, For instance, in October 2023, according to the First Point Group, a UK-based telecommunications recruitment agency, the UK telecoms market experienced growth over the last 12 months of 2022, with revenue of £31.8 billion ($34.84 billion), showing an increase compared to 2021. Therefore, the rise in the telecommunications sector is driving the RAN intelligent controller market.
Competitive Landscape:
Major companies operating in the radio access network (ran) intelligent controller market report are Samsung Electronics Co Ltd, Huawei Technologies Co Ltd, Cisco Systems Inc, Intel Corporation, Qualcomm Technologies Inc, Ericsson, Nokia Corporation, NEC Corporation, ZTE Corporation, Vmware Inc, CommScope Holding Company Inc, Juniper Networks Inc, Ciena Corporation, Mavenir Systems Inc, VIAVI SOLUTIONS INC., Xilinx Inc, STERLITE TECHNOLOGIES (STL), Radisys Corporation, Parallel Wireless Inc, Airspan Networks Inc, Baicells Technologies Co Ltd, Pivotal Commware Inc, ACCELLERAN, Blue Danube Systems Inc, Siradel, Redline Communications Inc, ASOCS Ltd, Quortus Ltd, Lemko Corporation, Amarisoft
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