With the emergence and long-term Impact of COVID-19, Global RAN Intelligent Controller Market to reach USD 6126.59 Million by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global RAN Intelligent Controller Market is poised to raise up to USD 6126.59 Million by 2030. The RAN Intelligent Controller (RIC) is a centralized software platform in modern Radio Access Networks (RANs) that optimizes network resources, supports real-time adjustments, and enables intelligent automation to enhance network performance and efficiency in 5G. RAN Intelligent Controllers streamline network operations, enhancing performance and simplifying maintenance through automated configuration.
Amidst growing network complexity, operators seek efficient management solutions to optimize performance and cut costs. RAN Intelligent Controllers, or RICs, provide advanced control and coordination as it positioned between RAN hardware and core networks, meeting the telecommunications sector’s demand for innovative network optimization solutions. The soaring demand for high-speed, low-latency connections, rising inclination towards open and disaggregated networks, coupled with the increasing requirement to manage and optimize network traffic are the most prominent factors that are propelling the market demand across the globe.
Geographically, the global RAN Intelligent Controller market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022 owing to the increasing smartphone adoption and the ongoing development of 5G infrastructure, coupled with the presence of key market players such as Huawei Technologies Co., Ltd., ZTE Corporation and SAMSUNG. As per the GSM Association’s data as of May 2022, 14 countries in the Asia Pacific have already initiated commercial 5G services, with an additional ten countries expected to follow suit by the end of 2025.
In March 2022, the Australian government announced the commencement of the second phase of the Australian 5G Innovation Initiative, allocating a USD 16.5 million grant to support businesses in testing and implementing 5G technology projects, thus facilitating technological advancement and innovation. Whereas, North America is expected to grow with a significant CAGR over the forecast years. The presence of advanced technological infrastructure with widespread internet and smartphone usage is significantly propelling the market demand across the region.
Additionally, governmental initiatives in the region are poised to drive the expansion of the 5G and RIC (RAN Intelligent Controller) Market. For instance, in April 2021, the Canadian government allocated USD 11.2 million in investment in Redline Communications, subsequently acquired by U.S.-based Aviat Networks, Inc., a prominent wireless technology company. This funding was directed towards the development of wireless technology catering to industries such as oil & gas, utilities, and mining, showcasing the government’s commitment to advancing technological solutions in key sectors.
The global RAN Intelligent Controller market is highly competitive owing to the presence of several key market players such as Telefonaktiebolaget LM Ericsson, Nokia Corporation, Huawei Technologies Co., Ltd., ZTE Corporation, SAMSUNG Electronics Co., Ltd., Cisco Systems, Inc., Juniper Networks, Inc., and others.
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Key findings of the study suggest:
- Global RAN Intelligent Controller Market is anticipated to grow with a healthy growth rate of more than 61.0% over the forecast period 2023-2030.
- In the Component segment, Platforms emerged out as the leading market segment in 2022.
- In the Function segment, Non-RT RIC emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth increasing smartphone adoption and the ongoing development of 5G infrastructure, coupled with the presence of key market players such as Huawei Technologies Co., Ltd., ZTE Corporation and SAMSUNG.
- North America is expected to grow at a higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Component:
- Platforms
- Services
Function:
- Non-RT RIC (Non-Real-Time-RAN Intelligent Controller)
- Near-RT RIC (Near-Real-Time-RAN Intelligent Controller)
Technology:
- 4G
- 5G
Application:
- rApps
- xApps
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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