Radio Access Network Market to Generate $44.78 Billon, at 11.3% CAGR

Allied Market Research recently published a report, titled, "Radio Access Network Market by Communication Infrastructure (Small Cell, Macro Cell, RAN Equipment, and Distributed Antenna System), Technology (2G, 3G, 4G, and 5G), and End User (Residential and Enterprise): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global radio access network industry accounted for $17.80 billion in 2018, and is anticipated to reach $44.78 billion by 2026, registering a CAGR of 11.3% from 2019 to 2026.

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The growth of the global radio access network market is driven by a rise in network densification, surge in demand for mobile broadband services, and an increase in mobile data traffic. Moreover, an increase in investments in smart cities is expected to provide lucrative opportunities in the market growth. However, concerns related to fiber backhaul, and privacy & security concerns restrict the market growth.

The Small Cell Segment to Witness the Largest Share the Market

On the basis of product, the small cell segment garnered the largest share in 2018, accounting for nearly two-thirds of the global radio access network market. In addition, the same segment is expected to witness the fastest CAGR of 13.4% during the forecast period. This is due to deployment of small cells to increase the capacity of operator networks across an array of locations.

The Residential Segment to Manifest Fastest Growth By 2025

On the basis of technology, the enterprise segment dominated the global radio access network industry in 2018, contributing to nearly three-fifths of the market share, owing to rise in digitalization and supportive government initiatives toward digitalizing entire business processes. However, the residential segment is expected to grow at the fastest CAGR of 12.9% during the forecast period. Smart homes are the key factors driving the adoption rate of radio access network and small cell across residential applications. The ability of small cells to cover smaller areas with higher bandwidth boosts the growth of radio access network market in residential application.

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Some of the major key players of the radio access network industry include:

- Ericsson

- SAMSUNG ELECTRONICS CO. LTD.

- Qualcomm Technologies, Inc.

- Fujitsu Limited

- Nokia Corporation

- Cisco Systems, Inc.

- NEC Corporation

- Intel Co,

- Huawei Technologies Co., Ltd.

- ZTE Corporation

Key Benefits for Stakeholders:

• This study comprises analytic depiction of the global radio access network market trends and future estimations to depict the imminent investment pockets. The overall radio access network market analysis is determined to understand the profitable trends to gain a stronger foothold.

• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

• The radio access network market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.

Porter's five forces analysis illustrates the potency of the buyers and suppliers in the radio access network industry.

• The report includes the radio access network market share of key vendors and market trends.

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