RAN intelligent controller market is anticipated to grow at a CAGR of 16.5% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of artificial intelligence (AI) and machine learning (ML) based systems for providing real-time analytics. RAN intelligent controllers include lower costs for mobile transporters, greater network control, and increased network performance. Use cases for RAN intelligent controllers include resource optimization, traffic steering, quality-of-experience (QoE), and quality-of-service (QoS) optimization. RAN intelligent controller (RIC) is a comprehensive automation platform designed to optimize software applications and algorithms to manage network performance.

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MEC offers a distributed computing platform for hosting services and applications. For faster reaction times, it can also store and process content near cellular users. Real-time radio access network (RAN) data can also be provided to applications. Software programs can access local content, service context, and up-to-date information on local-access network circumstances with multi-access edge computing (MEC). Mobile core networks can efficiently support local latency-sensitive applications by relieving additional congestion providing multiple services and storing material at the network edge.

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By Component

Platform
Services

By Function

Non-RT RIC (Non-Real-Time-RAN Intelligent Controller)
Near-RT RIC (Near-Real-Time-RAN Intelligent Controller)

By Technology

4G
5G

By Application

rApps
xApps

Global RAN Intelligent Controller Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Italy
Spain
France
Rest of Europe

Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific

Rest of the World

Latin America
Middle East & Africa

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global RAN intelligent controller market. based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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