The Asia Pacific RAN Intelligent Controller Market would witness market growth of 59.1% CAGR during the forecast period (2023-2030).
A data science component is added to Open RAN solutions by evolving RAN intelligent controller technology because it is an AI and ML-based system. It provides real-time analytics to help mobile operators make more informed decisions. Due to the rising demand for video streaming and conferencing services, mobile carriers worldwide are experiencing exponential growth in data traffic, which will increase the demand for RIC. The RAN functions are dynamically controlled and optimized using real-time data analytics. Platforms and software solutions from the RIC sector let operators deploy and manage RAN operations more skilfully and successfully.
These controllers allow operators to better allocate resources, boost network performance, and enable cutting-edge features like network slicing and dynamic spectrum sharing. The market is driven by increased network capacity and a requirement for network automation and optimization. It includes several businesses, such as telecom equipment vendors, software providers, and system integrators, who develop and offer RAN intelligent controller solutions to telecom operators and service providers.
The growing complexity of mobile networks drives the demand for RAN intelligent controller. As connected devices and data traffic increase, operators require innovative network management solutions to ensure optimal network performance and user experience. The rising popularity of cloud-based solutions is fuelling the demand for RAN intelligent controllers. Adopting RAN intelligent controller in a cloud-based environment, operators also save hardware costs and improve network agility & scalability.
The Indian government has launched 5G services in India, advancing the country's digital transformation and connectivity. Different telecom service providers have different 5G use cases in education, health, worker safety, smart agriculture, etc. The government had previously unveiled the indigenous 5G NSA Core created by the Centre for Development of Telematics (CDoT) and had seen other technology demonstrations of business 5G solutions, chipsets, and networking equipment developed by MSMEs, large manufacturers, and Indian telecom start-ups. To accelerate the growth of the regional digital economy, similar regional programs that stimulate the consolidation of local 5G technologies are supporting market expansion.
The China market dominated the Asia Pacific RAN Intelligent Controller Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $458.8 Million by 2030. The Japan market is registering a CAGR of 58.1% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 60.1% during (2023 - 2030).
Based on Function, the market is segmented into Non-RT RIC and Near-RT RIC. Based on Component, the market is segmented into Platform and Services. Based on Application, the market is segmented into rApps and xApps. Based on Technology, the market is segmented into 4G and 5G. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide RAN Intelligent Controller Market is Projected to reach USD 5.1 Billion by 2030, at a CAGR of 58.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
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