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Radio Access Network Market Size

Report ID: GMI4390
Published Date: Oct 2019
Report Format: PDF

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Radio Access Network Market Size

Radio Access Network Market size surpassed USD 9 billion in 2018 and is poised to grow at over 5% CAGR between 2019 and 2025. The rising demand for improved cellular coverage in increased cellular and IoT devices will drive the market growth.

The growing cellular devices are generating a huge amount of data traffic that enables telecom operators to deploy advanced radio access network solutions to handle this massive data traffic. The rising adoption of Network Function Virtualization (NFV) and Software Defined Networking (SDN) in network infrastructure is also supporting the radio access network market expansion. The supportive government initiatives to improve the telecom infrastructure is also helping in the growing demand for radio access network solutions.

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The commercialization of next generation 5G network is enabling telecom companies to deploy advanced network solutions that support the 5G network. The enhanced speed and bandwidth capabilities of the 5G network needs advanced networking solutions to provide highly reliable communication services. The major technology solution providers are strategically collaborating with other technology companies to develop innovative radio access network solutions to support 5G technology.

Radio Access Network Market Report Attributes
Report Attribute	Details
Base Year:	2018
Radio Access Network Market Size in 2018:	USD 10 Billion
Forecast Period:	2019 to 2025
Forecast Period 2019 to 2025 CAGR:	5%
Historical Data for:	2014 to 2018
No. of Pages:	280
Tables, Charts & Figures:	533
Segments covered:	Component, Connectivity Technology, Deployment Region, and Region
Growth Drivers:	Increasing smartphone penetration Adoption of Network Function Virtualization (NFV) and Software Defined Networking (SDN) technologies 5G commercialization Demand for improved network coverage Favorable government initiatives
Pitfalls & Challenges:	Lack of standardization in spectrum allocation Interference in cell sites Security related issues

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Authors: Preeti Wadhwani, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of radio access network surpassed USD 9 billion in 2018.

The industry share of radio access network is poised to grow at over 5% CAGR between 2019 and 2025.

North America market accounted for 30% revenue share in 2018 led by the increase in internet penetration in the region.

The high-density urban region segment is anticipated to expand at a CAGR of 4% through 2025 owing to the increase in urban population across the world.

Some of the major companies operating in the market are Altran Technologies, Juniper Networks, Inc., Cisco, Huawei, NEC Corporation, Verizon, HP, Qualcomm, Ericsson, Nokia, ZTE Corporation, Samsung, NetScout, Wipro, Radisys Corporation, AT&T Inc., Corning Incorporated (SpiderCloud Wireless, Inc), CommScope Holding Company, Inc., Altiostar Networks, Inc., Fujitsu, and Intel.