The North America RAN Intelligent Controller Market would witness market growth of 57.1% CAGR during the forecast period (2023-2030).
The demand for intelligent controllers used to oversee and optimize the operations of the Radio Access Network in telecommunications infrastructure is known as the RAN (radio access network) intelligent controller. It aims to simplify mobile network operation & maintenance and improve network performance by automating network configuration and management activities. The market is primarily driven by the rising adoption of 5G networks and cloud-based solutions.
RAN intelligent controller is one of the driving elements behind developing 5G networks. Due to the increased complexity of 5G networks, operators want cutting-edge network automation and management solutions to maximize network performance and reduce operational costs. Furthermore, the growing complexity of mobile networks drives the demand for RAN intelligent controller. As connected devices and data traffic increase, operators require cutting-edge network management solutions to ensure optimal network performance and user experience.
Recent advancements in 5G networks have encouraged using cloud-native solutions for RAN, virtualizing its components, and making it "cloud-like." Mature designers will be capable of utilizing 5G networks' potent capabilities as they grow, creating a new generation of network-aware, edge-based mobile applications.
To support U.S. software businesses, the government plans to invest in new Open RAN technology. Open RAN is in high demand in North America, which can be ascribed to its use in modern in-home entertainment systems and driverless automobiles. Autonomous driving is built on quick and secure communications systems like LTE and 5G. Therefore, the high adoption rate of Open RAN in this region will increase the demand for and adoption of RIC, and in turn will propel the market advancement in the coming years.
The US market dominated the North America RAN Intelligent Controller Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,245.4 Million by 2030. The Canada market is experiencing a CAGR of 60.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 59.2% 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 U.S., Mexico, Canada, and Rest of North America.
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.
By Function
By Component
By Application
By Technology
By Country
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