According to a new report, published by KBV research, The Global RAN Intelligent Controller Market size is expected to reach $5.1 billion by 2030, rising at a market growth of 58.2% CAGR during the forecast period.
The Non-RT RIC segment is generating the highest revenue in the Global RAN Intelligent Controller Market by Function in 2022; thereby, achieving a market value of $3.4 billion by 2030. Device, fault, and performance management are some of the Non-RT RIC's functionalities. By giving the Non-RT RIC model management, knowledge, and policy-based direction, it aids in the optimization of intelligent RAN. It can leverage AI, ML, and data analytics to determine which actions should be taken for RAN optimization.
The Services segment would register a CAGR of 59.6% during (2023 - 2030). For the RAN intelligent controller, services include integration, implementation, support, and consulting. High complexity, technological immaturity, and integration with legacy systems are some of the difficulties that RAN deployment may encounter. Therefore, support, integration, and deployment services can aid mobile network operators in quickly and affordably deploying the platform.
The rApps segment is leading the Global RAN Intelligent Controller Market by Application in 2022; thereby, achieving a market value of $3.3 billion by 2030. Applications created for automation and optimization are referred to as "rApps". They are installed and controlled on the RAN Intelligent Controller (RIC), which operates in non-real time. rApps are well suited for managing the network at scale, including operations like orchestration, optimization, and many more, because they function on so-called "higher-level" control loops, with a response time of half a second and above.
The 5G segment would showcase a CAGR of 69.6% during (2023 - 2030). Due to rising sales of 5G-enabled smartphones and expanding network coverage, 5G is being adopted quickly. Government programs may also accelerate the expansion of this segment of the market. For instance, the Indian government declared the beginning of 5G services in India in October 2022. Therefore, mobile operators will probably use RAN intelligent controllers in 5G networks to enhance QoS.
The North America region dominated the Global RAN Intelligent Controller Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.7 billion by 2030. The Europe market is anticipated to grow at a CAGR of 57.9% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 59.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/ran-intelligent-controller-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nokia Corporation, VMware, Inc., Intel Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Cisco Systems, Inc., ZTE Corporation, NEC Corporation, Juniper Networks, Inc. and Telefonaktiebolaget LM Ericsson.
By Function
By Component
By Application
By Technology
By Geography
Companies Profiled
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