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RAN Intelligent Controller Market Share

Report ID: GMI8144
Published Date: Feb 2024
Report Format: PDF

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RAN Intelligent Controller Market Share

Major players operating in the RAN intelligent controller industry are:

Broadcom
Cisco Systems, Inc.
Fujitsu
Huawei Technologies Co., Ltd.
Intel Corporation
Juniper Networks, Inc.
Mavenir
NEC Corporation
Nokia
Parallel Wireless
Rakuten Symphony Singapore Pte. Ltd
SAMSUNG
Telefonaktiebolaget LM Ericsson

Juniper Networks, Inc. and Ericsson holds over 20% of global market. Juniper Networks, Inc. competes in the RAN Intelligent Controller industry by offering its Contrail Edge Cloud platform. Positioned as a comprehensive solution for edge computing and network automation, Juniper's offering aims to optimize RAN performance, enhance service delivery, and support emerging 5G use cases with scalable, cloud-native architecture.

Ericsson dominates the RAN intelligent controller business with its extensive expertise and innovative solutions. Renowned for its 5G-ready platforms, Ericsson offers a comprehensive suite of RAN products and services, positioning itself as a trusted partner for telecom operators worldwide. Its commitment to innovation and reliability solidifies its leadership position in the industry. For instance, in October 2023, Ericsson and Telefónica announced a partnership to advance Cloud RAN (Radio Access Network) technology. The collaboration aims to accelerate the development and adoption of cloud-native open networks, promoting innovation and enabling the introduction of new features through standardized APIs.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Radio Access Network (RAN) Intelligent Controller (RIC) market size was worth USD 426.5 million in 2023 and is set to record over 58.5% CAGR between 2024 and 2032, attributed to the automation and self-optimization of radio access networks, reducing manual intervention and operational costs while improving network performance and reliability.

RAN intelligent controller market from the platforms segment accounted for more than 76% of revenue share in 2023 and is projected to record considerable growth during 2024-2032 owing to the emergence of cloud-native solutions for enhanced scalability and agility.

North America market size for RAN intelligent controller held more than 33% of revenue share in 2023 and is estimated to exhibit robust growth through 2032 as the region witnesses a surge in cloud-native deployments for scalability and agility.

Some of the top firms engaged in the RAN intelligent controller industry are Broadcom, Cisco Systems, Inc., Fujitsu, Huawei Technologies Co., Ltd., Intel Corporation, Juniper Networks, Inc., Mavenir, NEC Corporation, Nokia, Parallel Wireless, Rakuten Symphony Singapore Pte. Ltd, SAMSUNG, and Telefonaktiebolaget LM Ericsson.