Radio Access Network (RAN) Intelligent Controller Global Market Report 2024: Size, Share, Trends, Forecast to 2033

The Business Research Company recently released a comprehensive report on the Global radio access network (ran) intelligent controller Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The radio access network (ran) intelligent controller market size has grown exponentially in recent years. It will grow from $0.15 billion in 2023 to $0.24 billion in 2024 at a compound annual growth rate (CAGR) of 61.9%. The growth in the historic period can be attributed to 5g network rollout, increasing mobile data traffic, network virtualization, dynamic spectrum allocation, capacity planning and optimization.

The radio access network (ran) intelligent controller market size is expected to see exponential growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 56.6%. The growth in the forecast period can be attributed to network slicing for 5g services, ai and machine learning integration, open ran deployments, massive iot connectivity, advanced network synchronization. Major trends in the forecast period include open ran architecture adoption, network slicing implementation, edge computing integration, automation and orchestration, cloud-native architectures.

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Market Drivers and Trends:
The rise in the telecommunications sector is anticipated to fuel the RAN intelligent controller market. The telecommunications sector refers to the industry involved in the transmission of information over significant distances by electronic means. RAN intelligent controllers are utilized in the telecommunications sector, to enhance network performance, facilitate the transition to advanced technologies such as 5G, and improve the overall user experience, For instance, in October 2023, according to the First Point Group, a UK-based telecommunications recruitment agency, the UK telecoms market experienced growth over the last 12 months of 2022, with revenue of £31.8 billion ($34.84 billion), showing an increase compared to 2021. Therefore, the rise in the telecommunications sector is driving the RAN intelligent controller market.

Major companies in the RAN intelligent controller market are focused on developing innovative next-gen solutions, such as network intelligence solutions, to enhance network performance and gain a competitive edge in the market. A network intelligence solution is a technology that provides advanced insights and optimization capabilities for efficient management and performance enhancement of communication networks. For instance, in February 2023, Mavenir, a US-based telecommunications software company, launched its Open RAN Intelligent Controller (O-RIC), a next-gen network intelligence solution for Open RAN. O-RIC enables differentiated services through open APIs, optimizing network performance, and enhancing the user experience. It offers Network Intelligence as a Service (NIaaS) with deep insights for advanced solutions and is deployed with two tier-one CSPs. Mavenir's O-RIC surpasses traditional self-organizing network (SON) models with non-real-time (Non-RT) and near-real-time (Near-RT) control loops, providing intent-based decisions for business outcomes.

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Major Key Players of the Market:
Samsung Electronics Co Ltd, Huawei Technologies Co Ltd, Cisco Systems Inc, Intel Corporation, Qualcomm Technologies Inc, Ericsson, Nokia Corporation, NEC Corporation, ZTE Corporation, Vmware Inc, CommScope Holding Company Inc, Juniper Networks Inc, Ciena Corporation, Mavenir Systems Inc, VIAVI SOLUTIONS INC., Xilinx Inc, STERLITE TECHNOLOGIES (STL), Radisys Corporation, Parallel Wireless Inc, Airspan Networks Inc, Baicells Technologies Co Ltd, Pivotal Commware Inc, ACCELLERAN, Blue Danube Systems Inc, Siradel, Redline Communications Inc, ASOCS Ltd, Quortus Ltd, Lemko Corporation, Amarisoft

radio access network (ran) intelligent controller Market 2024 Key Insights:
• The radio access network (ran) intelligent controller market is expected to grow to$1.46 billion in 2028 at a compound annual growth rate (CAGR) of 56.6%.
• Rise In The Telecommunications Sector Is Anticipated To Fuel The RAN Intelligent Controller Market
• Innovative Next-Gen Solution To Enhance Network Performance
• North America was the largest region in the radio access network (RAN) intelligent controller market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period.

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