The "RAN Intelligent Controller Market Size, Share & Trends Analysis Report By Component (Platforms, Services), By Function (Non-RT RIC, Near-RT RIC), By Technology (4G, 5G), By Application, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global RAN intelligent controller market size is expected to reach USD 6,071.7 million by 2030, expanding at a CAGR of 60.8% during the forecast period.
Companies Mentioned
RAN intelligent controller is a software solution that optimizes baseband communication functions on the Radio Access Network (RAN). It is crucial in managing 5G network functions such as low-latency applications and network slicing. Moreover, the COVID-19 pandemic led to high mobile internet traffic, increasing the need to manage it efficiently and boosting the adoption of RAN intelligent controller solutions.
Governments are taking initiatives and investing in Research & Development (R&D) for developing 5G technologies. For instance, in December 2022, the U.K. government announced an investment of USD 136.1 million, a telecom R&D package that includes the R&D of 5G and 6G technology. The government aimed to accelerate telecoms research with this investment.
RAN intelligent controller improves business agility, reduces operational and infrastructure costs, and improves network performance. Hence, mobile operators are increasingly likely to adopt RAN intelligent controller solutions. In February 2023, NTT DOCOMO, a Japan-based telecommunications company, announced that it had started the Research & Development (R&D) and development of the RAN intelligent controller. The company aimed to reduce operational costs and improve network quality with RAN intelligent controller.
Based on technology, RAN intelligent controller industry is divided into 4G and 5G. 4G has high adoption worldwide and has opportunities to grow in developing nations where 2G and 3G networks are still in use. 5G offers high speed and lower latency and is witnessing growing adoption owing to improving 5G infrastructure. Based on application, the RAN intelligent controller industry is divided into rApps and xApps. rApps run on Non-RT RIC, whereas xApps run on Near-RT RIC. rApps are used in applications with more than one second response time.
The market players are introducing solutions as service providers are transforming RAN architectures that are programmable and open, providing developers an opportunity to create innovative applications and services. In October 2021, VMware, Inc., a U.S.-based software company, announced the VMware RAN Intelligent Controller (RIC) launch. With this launch, the company aimed to aid the service providers in modernizing the RAN.
The key players are adopting different development strategies such as product launches, partnerships, business expansion, and others to expand their presence and market share in the overall RAN intelligent controller industry. In November 2021, Sweden-based Telefonaktiebolaget LM Ericsson announced the launch of its Intelligent Automation Platform. With this launch, the company aimed to help Communication Service Providers (CSPs) optimize network performance and enhance customer experience.
RAN Intelligent Controller Market Report Highlights
Key Attributes:
Report Attribute | Details |
No. of Pages | 120 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $137.1 Million |
Forecasted Market Value (USD) by 2030 | $6071.7 Million |
Compound Annual Growth Rate | 60.8% |
Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, & Scope Outlook
3.1. Market Lineage Outlook
3.2. RAN Intelligent Controller Market Value Chain Analysis
3.3. RAN Intelligent Controller Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint/Challenge Analysis
3.3.3. Market Opportunity Analysis
3.4. Industry Analysis - Porter's Five Forces Analysis
3.5. RAN Intelligent Controller Market PESTEL Analysis
3.6. Impact of COVID-19 on the RAN Intelligent Controller Market
Chapter 4. RAN Intelligent Controller Market Component Outlook
Chapter 5. RAN Intelligent Controller Market Function Outlook
Chapter 6. RAN Intelligent Controller Market Technology Outlook
Chapter 7. RAN Intelligent Controller Market Application Outlook
Chapter 8. RAN Intelligent Controller Market: Regional Estimates & Trend Analysis
Chapter 9. RAN Intelligent Controller Market Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/to07n2
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