PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299734
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299734
RAN Intelligent Controller Market size was valued at USD 200.5 Million in 2022, expanding at a CAGR of 55.9% from 2023 to 2030.
RAN (Radio Access Network) Intelligent Controller is a software-defined network (SDN) solution for the management and optimization of mobile networks. It is designed to simplify the operation and maintenance of mobile networks and improve network performance by automating network configuration and management tasks.
The RAN Intelligent Controller market is primarily driven by the growing deployment of 5G networks and cloud-based solutions. The deployment of 5G networks is one of the major drivers for RAN Intelligent Controller. With the increased complexity of 5G networks, operators require advanced network automation and management solutions to optimize network performance and reduce operational costs. The growing complexity of mobile networks is also driving the need for RAN Intelligent Controller. As the number of connected devices and data traffic continues to increase, operators require advanced network management solutions to ensure optimal network performance and user experience.
Furthermore, the growing adoption of cloud-based solutions is another driver for RAN intelligent controller market. By deploying RAN intelligent controller in a cloud-based environment, operators can reduce hardware costs and improve network agility and scalability. Moreover, the use of machine learning and artificial intelligence (AI) is also driving the adoption of RAN Intelligent Controller. With advanced analytics and automation capabilities, RAN Intelligent Controller can optimize network performance and reduce downtime, resulting in improved user experience and increased revenue for operators.
The global RAN Intelligent Controller Market is segmented on the basis of Component, Technology, Application, and Region.
The market is divided into two categories based on Component: platforms and services. Platforms segment dominates the market. The increasing demand from cloud-based applications is contributing to segment growth.
The market is divided into three categories based on Technology: 4G, 5G and others. The 5G segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the demand for RAN Intelligent Controllers in mobile networking applications.
The market is divided into two categories based on Application: rApps and xApps. The rApps segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increasing demand for RAN Intelligent Controller in real-time analytics.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America held the largest market share in 2021 and is projected to continue its dominance during the forecast period. The growing demand for RAN intelligent controllers for wireless networking in the U.S. is mainly contributing to market growth.
Due to the high demand for RAN intelligent controller in the coming years, the worldwide market for RAN intelligent controller is made of both international and local players, making it one of the most competitive sectors in the world. Companies sell their Components through a variety of channels, including corporate websites, retailers, distributors, and end consumers. Components makers compete on a variety of aspects, including Component costs, performance, component making, application, reputation, and availability. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new component launches, distribution network development, R&D spending, and mergers and acquisitions. For instance, in March 2021, Intel announced a collaboration with Radisys to develop a new RAN Intelligent Controller (RIC) solution based on Intel's Open Network Edge Services Software (OpenNESS) platform.
This proposed research study on RAN Intelligent Controller market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for RAN Intelligent Controller market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the RAN Intelligent Controller market
Impact of COVID-19 on RAN Intelligent Controller market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on RAN Intelligent Controller market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the RAN Intelligent Controller market, we have also included competitive landscape and key innovator analysis for the RAN Intelligent Controller market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the RAN Intelligent Controller market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global RAN Intelligent Controller market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows: