PUBLISHER: Grand View Research | PRODUCT CODE: 1375947
PUBLISHER: Grand View Research | PRODUCT CODE: 1375947
The U.S. 5G radio access network professional services market size is expected to reach USD 3,897.6 million by 2030, registering a CAGR of 51.4% from 2023 to 2030, according to a new report by Grand View Research, Inc..The 5G RAN professional services refer to specialized services offered to telecommunication companies, enterprises, and organizations involved in the planning, implementation, deployment, and maintenance of 5G RAN infrastructure within the U.S. Professionals provide expert guidance, strategic planning, and advisory services to assist in 5G radio access network (RAN) strategy development, network architecture design, and technology selection based on specific business needs.
These professional services aim to facilitate the smooth transition to 5G technology, enabling businesses and telecommunication providers to harness the benefits of enhanced connectivity, ultra-low latency, and accelerated digital transformation within the U.S. On the basis of service type, the market is divided into consulting services, planning & design services, integration & validation services, deployment services, and optimization & performance improvement services. The adoption of deployment services within the market has been robust and pivotal. Deployment services are a critical component of the 5G RAN ecosystem, involving the actual implementation, integration, and rollout of 5G infrastructure.
Deployment services focus on optimizing the network for efficiency, ensuring that the 5G RAN operates at its maximum potential. This includes network planning, spectrum optimization, and efficient resource allocation. The market players are adopting strategies, such as acquisition, to gain a competitive edge. In August 2023, Samsung Electronics Co., Ltd. announced the extension of its collaboration with Intel Corporation. This extension marks a significant stride in advancing virtualized Radio Access Network (vRAN) solutions, delivering heightened performance and capacity to meet the evolving needs of the telecommunications industry.