The radio access network global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Radio Access Network Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The radio access network market size has grown rapidly in recent years. It will grow from $18.72 billion in 2023 to $21.33 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to growing investments in smart technologies, increasing demand for wireless connectivity, increasing demand for cloud radio access networks (C-RAN), growing adoption of mobile devices, increasing use of distributed antenna systems (DAS).
The radio access network market size is expected to see rapid growth in the next few years. It will grow to $36.51 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to increasing mobile data traffic, increasing demand for high-speed internet, increasing demand for mobile broadband services, rise in IoT, automotive, and consumer electronics, increasing adoption of cloud-based radio access networks. Major trends in the forecast period include adoption of advanced technologies such as 5G, enhanced security protocols in RAN, technological advancement, enhancements in radio resource management (RRM), advanced antenna technologies.
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Scope Of Radio Access Network Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Radio Access Network Market Overview
Market Drivers –
The increasing mobile data traffic is expected to propel the growth of the radio access network market going forward. Mobile data traffic refers to transmitting digital information over cellular networks, typically including internet browsing, app usage, and media streaming accessed via mobile devices. Mobile data traffic is increasing due to the proliferation of smartphones, the growing popularity of data-intensive applications, and the expanding availability of high-speed mobile networks. Radio access networks aid in growing mobile data traffic by providing infrastructure enhancements, such as advanced antennas and base stations, to support faster data speeds and expanded network coverage, thereby accommodating the growing demand for data-intensive applications and services. For instance, according to the Cellular Telecommunications Industry Association, a US-based non-profit organization, U.S. cellular networks handled 73 trillion megabytes (MB) of data traffic in 2022, 38% more than the previous year. Therefore, the increasing mobile data traffic is driving the growth of the radio access network market.
Market Trends –
Major companies operating in real-time location systems in the transportation and logistics market are focused on developing radio frequency identification chips, such as the E710, E510, and E310 reader chips, to increase their profitability in the market. The E710, E510, and E310 reader chips are designed to enable the development of RFID readers with varying capabilities to meet the needs of different applications and use cases. For instance, in June 2021, Iminj Inc., a US-based company developing and manufacturing RAIN RFID solutions, launched the E710, E510, and E310 reader chips that offer outstanding performance and user-friendly features, meeting the growing need for item connectivity in the retail, supply chain, logistics, and consumer electronics industries. These new reader chips facilitate the design of IoT devices that enhance connectivity and enable innovative solutions across different sectors.
The radio access network market covered in this report is segmented –
1) By Component: Infrastructure, Software
2) By Technology: 2G, 3G, 4G, 5G
3) By Architecture: Centralized Radio Access Network (C-RAN), Distributed Radio Access Network (D-RAN)
4) By End User: Residential, Enterprise
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Regional Insights –
North America was the largest region in the radio access network market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radio access network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the radio access network market are Samsung Electronics Co. Ltd., Verizon Communications Inc., AT&T Inc., Huawei Technologies Co. Ltd., Cisco Systems Inc., Qualcomm Technologies Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, Cap Gemini SA, ZTE Corporation, CommScope Holding Company Inc., Juniper Networks Inc., Ciena Corporation, Fujitsu Limited, Infinera Corporation, NEC Corporation, Huber+Suhner AG, Ceragon Networks Ltd., Aviat Networks Inc., Cambium Networks Corporation, Parallel Wireless Inc., Airspan Networks Inc., Askey Computer Corp., Alpha Wireless Ltd., Baicells Technologies Co. Ltd
Table of Contents
1. Executive Summary
2. Radio Access Network Market Report Structure
3. Radio Access Network Market Trends And Strategies
4. Radio Access Network Market – Macro Economic Scenario
5. Radio Access Network Market Size And Growth
…..
27. Radio Access Network Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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