The Radio Access Network (RAN) Intelligent Controller Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Radio Access Network (RAN) Intelligent Controller Global Market Report 2024, The radio access network (ran) intelligent controller market size has grown exponentially in recent years. It will grow from $0.15 billion in 2023 to $0.24 billion in 2024 at a compound annual growth rate (CAGR) of 61.9%. The growth in the historic period can be attributed to 5g network rollout, increasing mobile data traffic, network virtualization, dynamic spectrum allocation, capacity planning and optimization.
The radio access network (ran) intelligent controller market size is expected to see exponential growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 56.6%. The growth in the forecast period can be attributed to network slicing for 5g services, ai and machine learning integration, open ran deployments, massive iot connectivity, advanced network synchronization. Major trends in the forecast period include open ran architecture adoption, network slicing implementation, edge computing integration, automation and orchestration, cloud-native architectures.
The rise in the telecommunications sector is anticipated to fuel the RAN intelligent controller market. The telecommunications sector refers to the industry involved in the transmission of information over significant distances by electronic means. RAN intelligent controllers are utilized in the telecommunications sector, to enhance network performance, facilitate the transition to advanced technologies such as 5G, and improve the overall user experience, For instance, in October 2023, according to the First Point Group, a UK-based telecommunications recruitment agency, the UK telecoms market experienced growth over the last 12 months of 2022, with revenue of £31.8 billion ($34.84 billion), showing an increase compared to 2021. Therefore, the rise in the telecommunications sector is driving the RAN intelligent controller market.
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The radio access network (ran) intelligent controller market covered in this report is segmented –
1) By Component: Platform, Services
2 By Technology: 4G, 5G
3) By Function: Non-Real-Time-RAN Intelligent Controller (Non-RT RIC), Near-Real-Time-RAN Intelligent Controller (Near-RT RIC)
4) By Application: rApps, xApps
Major companies in the RAN intelligent controller market are focused on developing innovative next-gen solutions, such as network intelligence solutions, to enhance network performance and gain a competitive edge in the market. A network intelligence solution is a technology that provides advanced insights and optimization capabilities for efficient management and performance enhancement of communication networks. For instance, in February 2023, Mavenir, a US-based telecommunications software company, launched its Open RAN Intelligent Controller (O-RIC), a next-gen network intelligence solution for Open RAN. O-RIC enables differentiated services through open APIs, optimizing network performance, and enhancing the user experience. It offers Network Intelligence as a Service (NIaaS) with deep insights for advanced solutions and is deployed with two tier-one CSPs. Mavenir’s O-RIC surpasses traditional self-organizing network (SON) models with non-real-time (Non-RT) and near-real-time (Near-RT) control loops, providing intent-based decisions for business outcomes.
The radio access network (RAN) intelligent controller market report table of contents includes:
- Executive Summary
- Radio Access Network (RAN) Intelligent Controller Market Characteristics
- Radio Access Network (RAN) Intelligent Controller Market Trends And Strategies
- Radio Access Network (RAN) Intelligent Controller Market – Macro Economic Scenario
- Global Radio Access Network (RAN) Intelligent Controller Market Size and Growth
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- Global Radio Access Network (RAN) Intelligent Controller Market Competitive Benchmarking
- Global Radio Access Network (RAN) Intelligent Controller Market Competitive Dashboard
- Key Mergers And Acquisitions In The Radio Access Network (RAN) Intelligent Controller Market
- Radio Access Network (RAN) Intelligent Controller Market Future Outlook and Potential Analysis
- Appendix
Top Major Players:
- Samsung Electronics Co Ltd.
- Huawei Technologies Co Ltd
- Cisco Systems Inc.
- Intel Corporation
- Qualcomm Technologies Inc
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