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Based on application, the RAN analytics and monitoring market is categorized into 5G, 4G, and 3G. The 5G segment held a market share of around 32% in 2022 and is expected to hold market share of around 37% by 2032. Partnerships to enhance 5G connectivity are creating lucrative progression opportunities for the 5G segment. For instance, in June 2023, Nokia and Virgin Media O2 extended their 5G RAN agreement to further enhance connectivity across the UK. This partnership involves the provisioning of RAN equipment sourced from Nokia's renowned AirScale portfolio. This move will maintain and build upon the longstanding collaboration between the two entities.
Based on end user, the RAN analytics and monitoring market is divided into Telecommunication Service Providers (TSPs) and enterprises. The collaboration between TSPs and RAN vendors is a key force behind the industry progression. For instance, in May 2023, Bharti Airtel selected U.S. firm, Mavenir to implement Open RAN (O-RAN) systems in its ongoing nationwide 5G expansion initiative. Under this initiative, Bharti Airtel aims to incorporate Mavenir's 4G and 5G O-RAN technology across 2,500 locations in the rural areas of India. This deployment is part of a larger strategy to extend this technology to a broader scale, encompassing 10,000 sites across the entire nation.
North America led the RAN analytics and monitoring market with a major share of around 37% in 2022. The North America industry is propelled by factors such as the rapid adoption of 5G networks, the increasing demand for seamless connectivity, and the growing number of connected devices. The region's technologically advanced telecommunications landscape and the need to optimize network performance to meet user expectations fuel the demand for effective analytics & monitoring solutions.