The global radio access network market size is expected to be worth USD 11.27 Billion in 2023. It is expected to grow at a CAGR of 8.35% during the forecast period and reach a value of USD 16.83 Billion by 2028.
Radio Access Network (RAN) is a crucial part of a telecommunications system used for connecting individual devices with the other elements of the network through radio connections. These RANs are inhibited between the user equipment like mobile phones, computers, or other remotely controlled machines and services to be the connection with its core network.
MARKET DRIVERS:
The rapid adoption of the RAN system by mobile networks to increase efficiency & streamline the process of optimization of radio network communication is majorly driving the global market growth. The mounting usage of smartphones and the rise in the implementation of Network Function Virtualization (NFV) & Software Defined Networking (SDN) technologies are the major drivers for the growth of the global radio access network market. Moreover, the commercialization of 5G coupled with the growing demand for improved network coverage is boosting the growth of the target market all around the world. The rising favorable government initiatives are creating lucrative growth opportunities for the expansion of the global radio access network market.
MARKET RESTRAINTS:
However, the lack of standardization in the allocation of spectrum and the interferences in cell sites are the major restraints that are becoming challenges for the growth of the global radio access network market. In addition, the growing security-related issues are another key issue that was hampering the growth of the target market over the coming years.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 to 2028 |
Base Year |
2022 |
Forecast Period |
2023 to 2028 |
CAGR |
8.35% |
Segments Covered |
By Communication Infrastructure, Connectivity Technology, Deployment Location, Components Outlook, & Region |
Various Analyses Covered |
Global, Regional, and country-level analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
This research report on the global radio access network market has been segmented and sub-segmented into the following categories.
Global Radio Access Network Market - By Communication Infrastructure:
Global Radio Access Network Market - By Connectivity Technology:
Global Radio Access Network Market - By Deployment Location:
Global Radio Access Network Market - By Components Outlook:
Global Radio Access Network Market - By Region:
In the regional analysis of the global radio access network market, North America accounted for the principal share of the global market. The major factor that has kept the target market on the top is the strong presence of various leading companies in North America.
The Asia-Pacific radio access network market is foreseen to record the most substantial growth, registering a notable CAGR. The key factors that are driving the growth of the radio access network market are factors like rising automation in various sectors, growth in the adoption of IoT (Internet-of-Things), growing cellular M2M connections, and the rise in the demand for services of the on-demand video in the region. Also, the Asia-Pacific region has become a center for major investments and business expansion opportunities due to the growing urbanization in countries like India and China. Thus, numerous telecommunications companies like ZTE (China) & Huawei (China) are growing investments in the upcoming 5G technology and are starting their trials together with the major mobile service carriers which include AT&T (US), China Unicom (China), Softbank (Japan), and China Mobile (China), which are turning out to boost the radio access network market in the Asia-Pacific. Further, the growing number of devices integrated with advanced technologies such as the Internet of Things (IoT) & machine-to-machine communication is growing the need for faster connectivity, which is estimated to fuel the growth rate of the target market in this region over the coming years.
KEY MARKET PLAYERS:
Altran Technologies, Juniper Networks, Inc., Cisco Systems, Inc., Huawei Technologies Co., Ltd., NEC Corporation, Verizon Communications, Inc., HP Enterprises, Qualcomm Technologies, Inc., Telefonaktiebolaget LM Ericsson, Nokia Networks, ZTE Corporation, Samsung Electronics Co., Ltd, NetScout, Wipro Limited
RECENT HAPPENINGS IN THE MARKET:
FAQ's
Challenges include the need for massive infrastructure investments for 5G deployment, addressing security concerns, ensuring interoperability in multi-vendor environments, and managing the increasing demand for higher data speeds and capacity.
Virtualization in the RAN market, often referred to as Virtual RAN (VRAN), involves using software-based solutions to replace or augment traditional hardware. This brings flexibility, scalability, and cost-efficiency to RAN deployments.
Key components include base stations (or cell towers), antennas, radio frequency transceivers, and other networking equipment. In modern networks, RAN components often comprise a more extensive infrastructure supporting technologies like 4G, LTE, and 5G.
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