The factors such as rise in demand for network enhancement, collaboration across ecosystems, and open interfaces primarily drive the growth of the RAN intelligent controller market. However, the difficulties in implementation and integration hamper market growth to some extent. Moreover, a rise in demand for enhanced network management is expected to provide lucrative opportunities for market expansion during the forecast period.

According to the report, the global RAN intelligent controller market generated $142.7 million in 2022, and is estimated to reach $14 billion by 2032, witnessing a CAGR of 58.6% from 2023 to 2032.

The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

Covid-19 Scenario:

➢ The pandemic had delayed network deployments and investments, causing disruptions in the telecom sector, thereby delaying the implementation of new RAN infrastructure.

➢ The pandemic had increased demand for dependable and fast internet connectivity since individuals were being forced to work, study, and socialize from home. For remote work, online learning, video conferencing, and entertainment streaming, consumers today rely largely on their internet connections.





For Report Customization:

https://www.alliedmarketresearch.com/request-for-customization/157139





By technology, the 4G segment contributed to the highest share in 2022, accounting more than three-fourths of the global RAN intelligent controller market revenue, owing to radio access network management and optimization grow more difficult as 4G networks develop and offer more sophisticated services and applications. By giving operators centralized control and intelligence over diverse RAN functions, the 4G RIC reduces complexity. The 5G segment would also showcase the fastest CAGR of 66.3% throughout the forecast period, owing to 5G RIC gives operators the ability to optimally manage resources, improve network performance, and deliver the various requirements of various 5G services and applications.



By function, the non-real-time-RAN intelligent controller (Non-RT RIC) segment accounted for nearly two-thirds of the global RAN intelligent controller market share in 2022, and is expected to rule the boost by 2032, owing higher-level duties including network optimization, policy administration, and analytics, in contrast to the RT RIC, which focuses largely on real-time operations like radio resource management and scheduling. The same segment would also display the fastest CAGR of 60.4% throughout the forecast period, owing to operations like network optimization and policy management, while the Near-RT RIC is in charge of lower-latency operations like radio resource management, scheduling, and interference management that call for near-real-time decision-making. 



Access Full Summary at - https://www.alliedmarketresearch.com/ran-intelligent-controller-market-A156655



By region, North America garnered the highest share in 2022, holding more than one-third of the global RAN intelligent controller market revenue in 2022, owing to the advancements in 5G technology, the expansion of mobile networks, the adoption of Internet of Things (IoT) devices, and the need for efficient network management. The Asia-Pacific region would also portray the fastest CAGR of 63.3% during the forecast period, and is projected to retain its dominance by 2032. Owing to developing countries such as China and India, the adaption of smart technologies such as AI and ML escalates the demand for RAN intelligent controller.

By component, the platform segment held the major share in 2022, garnering more than two-thirds of the global RAN intelligent controller market revenue, owing to RIC platform which enables operators to provide specialized services like low-latency apps for autonomous vehicles or high-bandwidth services for video streaming. The services segment would also showcase the fastest CAGR of 61.9% during the forecast period, owing to growing demand for network optimization and performance improvement is one of the main growth factors for the RIC service. Operators must effectively manage their radio access networks (RANs) as mobile data traffic grows in order to provide customers with a higher-quality service.



Leading Market Players



➢ Telefonaktiebolaget LM Ericsson

➢ Nokia

➢ Huawei Technologies Co., Ltd.

➢ Intel Corporation

➢ Samsung

➢ ZTE Corporation

➢ Cisco Systems, Inc

➢ NEC Corporation

➢ Juniper Networks, Inc.

➢ VMware, Inc.





About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.



Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.



Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

Toll-Free: 1-800-792-5285

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1-855-550-5975

[email protected]

Web: https://www.alliedmarketresearch.com

Follow Us on: LinkedIn Twitter